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Fly News Breaks for October 3, 2017
GE, RGEN
Oct 3, 2017 | 09:11 EDT
Janney Capital analyst Paul Knight said he views the selloff in Repligen (RGEN) after GE (GE) announced a new resin as a "major overreaction", noting that Repligen was in dialogue with GE around being the third party manufacturer. He thinks Repligen is focused on building out its Direct product portfolio and GE would like to develop an added source in the event Repligen were to be acquired, he tells investors. The analyst, who said the launch of a new Larger Opus column and other products in 2018 provide visibility, keeps a Buy rating and $47 fair value estimate on Repligen shares.
News For RGEN;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.