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Fly News Breaks for February 13, 2018
GE, G
Feb 13, 2018 | 08:38 EDT
BMO Capital analyst Keith Bachman raised his price target on Genpact (G) to $35, saying the company's revenue growth trajectory is improving thanks to the "strong demand environment, solid execution, and lower revenue mix impact from General Electric (GE)". The analyst contends that revenue growth rates can accelerate further if Global Clients can grow 10% per year and GE stabilizes. Bachman keeps his Market Perform rating on Genpact, noting that the stock price gains are limited because operating and free cash flow margins will not improve "meaningfully".
News For G;GE From the Last 2 Days
GE
Mar 18, 2024 | 16:12 EDT
dLocal (DLO) announced that Mark Ortiz has been appointed Chief Financial Officer. Ortiz will report directly to dLocal's CEO, Pedro Arnt, overseeing dLocal's accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk, and treasury functions. Mark's appointment complements the already exceptional leadership team at dLocal. Mark joins dLocal during a period of rapid growth as it continues to deliver on its mission to unlock the power of emerging markets. He brings over 30 years of extensive international financial and operational management experience primarily within GE's (GE) umbrella companies. While at GE, Mark held senior positions in various financial areas, culminating in roles as Global FP&A Leader for GE Capital, CFO for the Industrial Finance & Energy Financial Services businesses, and Global Controller for GE Capital's Real Estate and Equipment Leasing and Lending platforms. During his professional career he lived and worked in over 20 markets, making him the ideal candidate to bolster dLocal's current emerging markets high-growth expansion strategy. "I am very impressed with the outstanding results that dLocal achieved in such a short period of time and really excited about the growth potential of the company." says Mark Ortiz, dLocal's newly appointed CFO. "I am honored to join dLocal as its next Chief Financial Officer and look forward to continuing to build this great company."