Shares of General Electric Co. GE, -0.48% fell 0.6% in midday trading Friday, after famed bearish analyst Stephen Tusa at J.P. Morgan questioned the industrial conglomerate's apparent change in focus on upbeat "headlines" of deal announcements. Tusa reiterated his underweight rating as his Wall Street-low price target of $5. "Orders are important for growth; however, for a company that has acknowledged chasing deal announcements despite unfavorable price and/or terms/risk, and one that has claimed to no longer promote market share as the main goal, recent developments raise questions around how much change has actually occurred," Tusa wrote in a note to clients. Although GE booked a "substantial amount" of orders in the fourth quarter, he said he's not sure what the economic value of those deal is, other than a temporary cash beat, as GE's renewables business is booking losses this year on material volume increases and negative free cash flow, which he doesn't expect to recover much, even next year. GE's stock has slipped 0.5% over the past three months, while the Dow Jones Industrial Average DJIA, -0.03% has gained 1.5%.