In his most recent note on Real Money's Stock of the Day General Electric (GE - Get Report) , JPMorgan analyst Stephen Tusa was candid about his price target for the company.

Tusa said his price target of $6 was "generous" following CEO Larry Culp's warning that free cash flow from the conglomerate's industrial division is likely to remain negative this year.

"We are no longer willing to engage in a debate where the Bull case is that Power is "not that bad", the stock can be valued on $1+ (industrial free cash flow), and (GE Capital Services) is merely a zero," said JPMorgan analyst Stephen Tusa, who pressed Culp into revealing the gloomy cash flow forecast Tuesday. "We are willing to consider that zero industrial FCF is not a sustainable level but the stock is not reflecting that as a run rate with an $85 billion market cap."

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