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Fly News Breaks for October 9, 2018
GE, BHGE
Oct 9, 2018 | 07:27 EDT
Jefferies analyst Brad Handler upgraded Baker Hughes (BHGE) to Buy from Hold and raised his price target for the shares to $38 from $34. Earnings power of $4 per share next decade "seems tangible," as is free cash flow conversion of greater than 90% of estimated earnings, Handler tells investors in a research note. Further, he thinks General Electric (GE) "fire-sale" risk is small.
News For BHGE;GE From the Last 2 Days
GE
Apr 25, 2024 | 06:36 EDT
Citi raised the firm's price target on GE Aerospace to $186 from $120.43 and keeps a Buy rating on the shares. The company's' Q1 was better than expected and it modestly increased its full-year EBIT outlook, the analyst tells investors in a research note. The firm says commercial aftermarket demand remains robust.
