JPMorgan says General Electric could be overvalued by 20% or more

A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20.
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The bullish arguments for General Electric don't seem to hold water even when overlooking some of the company's long-term challenges, according to JPMorgan.