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Fly News Breaks for July 23, 2019
GE
Jul 23, 2019 | 14:58 EDT
Gordon Haskett analyst John Inch said he expects General Electric to significantly beat its Industrial free cash flow guidance of ($1B-$2B) when the company reports second quarter results next week, but that reflects the degree to which GE "set the cash expectations bar at an (excessively) low level," according to Inch. Looking ahead, tougher comparisons and a waning global economic outlook could make for a tougher road in terms of cash flow, said Inch, who keeps an Underperform rating and $7 price target on GE shares.
News For GE From the Last 2 Days
GE
Mar 27, 2024 | 05:45 EDT
Wells Fargo analyst Matthew Akers raised the firm's price target on General Electric to $200 from $177 and keeps an Overweight rating on the shares. The analyst sees opportunity for GE to cut 300-500 basis points of expenses in the coming years, 2-3 times what the company committed to at its recent investor day. The firm increased estimates to incorporate higher margins. The new price target reflects a 30-times price-to-earnings multiple on aerospace and $34 per share for Vernova.