General Electric Co’s analysts are not joining the party yet, even as shares gained over 5% in pre-market trade after quarterly results topped estimates and the company raised its full-year outlook.

JP Morgan’s Stephen Tusa flagged weakness at the power and renewables segments and recommended selling the shares post-results.

The stock (GE) pared some of the gains after the comments from Tusa.

Here’s a round up of analyst commentaries after the result.

JP Morgan, Stephen Tusa

“The quarter was a miss operationally, with the combined Power/Renewables segments worse (despite no H-deliveries which is accretive), offset by modest upside at Healthcare and a material miss at Aviation, the key value driver.”

“Headline guide was raised, but we scratch our heads around why on the back of these results, as the segments are trending at best in line.”

“The stock is up on the headlines, as it has been many times before, but, like in the past, the underlying core fundamentals are actually a bit worse, and we remain underweight on this basis and would be selling into any strength.”

Gordon Haskett, John Inch

“Overall, we view the second-quarter results to be a modest step backward vs. expectations.”

Noted that the 5 cent increase in EPS outlook at the midpoint is “less than this quarter’s 6 cent tax benefit.”

“Subdued Aviation results prospectively temper the bull enthusiasm for this business and its independent valuation prospects, which we have pegged closer to $50 billion vs. the $100 billion that is frequently cited.”

Maintained underperform, price target $7.

Barclays, Julian Mitchell

“Overall, there should be some relief from the raised 2019 EPS and free cash flow guides, and the solid backlog/orders amidst a choppy macro environment, although this is tempered somewhat by the weak margin performance in second quarter, and a portion of the raised free cash flow guide relates to lower cash restructuring spend.”

Maintained overweight, price target $13.