"It's been a great ride, but it's time to move on."
That's what Bernstein said today when it downgraded GE to Market-Perform from Outperform. The firm said that GE now "trades at a premium multiple" and that they "expect performance [to be] more in-line from here."
But not everyone agrees with the call--or its timing. The "Halftime Report" experts defended the stock, saying that it's surge in the past twelve months does not necessarily point to a coming decline.
The stock--which is one of the most widely held--was trading lower following the rating cut.