General Electric shares soared to their best day in a decade following the Thursday’s fourth-quarter earnings report but J.P. Morgan analyst Stephen Tusa remained unconvinced by GE’s results.

“We come away from the 4Q scratching our heads at the stock reaction,” Tusa said in a note to investors. “We believe one has to make highly optimistic assumptions to get back to a run rate that supports anything near $10.”

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Here’s what taxpayers need to know about the new Form 1040
Google is building a solar power project above fishing ponds in Taiwan, its first in Asia
Vaccine misinformation and Infowars: Researchers wary of Facebook’s embrace of ‘Groups’
Fed expects to end balance sheet reduction by the end of the year, minutes say
Dropbox drops sharply after guidance disappoints

Leave a Reply

Your email address will not be published. Required fields are marked *