General Electric shares could be a buy - Barron's

NEW YORK, June 1 (Reuters) - Shares of General Electric Co (GE.N), the second largest U.S. company, have limited downside and investors can now make a better case for buying the stock, financial weekly Barron's reported in its June 2 edition.

The company's shares, which are down about 18 percent year-to-date, have fallen out of favor with investors, Barron's said, but are now trading in line with the price-to-earnings multiples of companies in comparable industries.

The article also said that GE Chief Executive Jeff Immelt continues to buy shares.

GE shares closed at $30.72 on Friday on the New York Stock Exchange. (Reporting by Emily Chasan)