GE’s stock jumps after Morgan Stanley gets bullish ahead of earnings
January 23, 2020 at 11:22 AM EST
Shares of General Electric Co. powered higher Thursday, after Morgan Stanley analyst Joshua Pokrzywinski turned bullish and raised his price target by nearly 30% less than a week before the company reports earnings, citing a “budding turnaround” in fundamentals and reduced risk regarding long-term liabilities.