Jim Cramer: GE Is a Comeback Kid

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JPMorgan analyst Stephen Tusa wrote on General Electric  (GE) - Get Report Monday morning.

"We were wrong," Tusa said of the bank's previous call on the stock, which was made in April of last year, as he raised his target price by $3, to $8 per share, and boosted his rating to "neutral" from "underweight" amid a six-month rally that has added more than 30% to the company's market value.

"With zero sells and multiple upgrades since CEO [Larry] Culp took over, we see little debate about sentiment, and of note, GE has re-rated on a mark-to-market basis since year-end and now trades at a premium," Tusa noted.

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