J.P. Morgan analyst Stephen Tusa is sticking to his guns when it comes to General Electric
, despite getting "questions and pushback" from his skepticism of GE's announcement at the Paris Air Show last week.The company's aviation unit booked a record number of orders, with GE Aviation CEO David Joyce telling CNBC that it brought in a "conservative" $35 billion in new business. The unit is considered the company's crown jewel, largely because it is a profitable standout in comparison to the other struggling businesses in the GE conglomerate.
The most bearish analyst on GE, Tusa gained a following for his early warnings that the company's stock was worth much less than others believed. His $5 price target is the lowest on Wall Street, predicting the stock will be more than cut in half from its current price.
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