GE has a new analyst covering it, but he's not expecting much from the troubled stock

Morgan Stanley began coverage of General Electric with an equal weight rating.

Morgan Stanley is beginning coverage of GE with an equal weight rating and a $10 a share price target.

"We believe that the bull and bear cases are very wide for GE, but so is the range of uncertainty around the base case," Morgan Stanley analyst Joshua Pokrzywinski said in a note to investors on Wednesday evening.

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