UBS analyst Christopher Belfiore downgraded General Electric to Neutral and cut his price target for the shares to $24 from $31 following Friday’s “disappointing” Q3 results. The stock closed Friday up 23c to $23.83. The analyst reduced his 2017-20’19 earnings estimates by 34% and dividend by 30%. 2018 is now a reset year as GE executes its new strategy including elevated restructuring levels, Belfiore tells investors in a post-earnings research note. The analyst, however, thinks a lot of the negative sentiment is now reflected in the shares. He continues to think GE should trade in line with the market.