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GE

General Electric

$27.94

0.35 (1.27%)

06:32
06/12/17
06/12
06:32
06/12/17
06:32

General Electric names John Flannery as Chairman, CEO

GE announced that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, and Chairman and CEO effective January 1, 2018. Jeff Immelt, Chairman and CEO, will remain Chairman of the Board through his retirement from the company on December 31, 2017. In addition, Jeff Bornstein, current CFO, has also been promoted to Vice Chair of GE. These leadership announcements are the result of a succession plan that has been run by the GE Board of Directors since 2011. Flannery began his career at GE Capital in 1987 where he focused on evaluating risk for leveraged buy-outs. In the 1990s, he was a leader in the corporate restructuring and workout group, where he was known for his negotiating skills and ability to improve companies' operations. In 1997, he moved to Argentina where he successfully led GE's Equity business in Latin America and the overall GE Capital business for Argentina and Chile.

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GE General Electric
$27.94

0.35 (1.27%)

06/01/17
FBCO
06/01/17
NO CHANGE
Target $34
FBCO
Outperform
General Electric has reached attractive entry point, says Credit Suisse
Credit Suisse analyst Julian Mitchell thinks the pendulum of investor sentiment regarding General Electric has swung too far in the negative direction, creating an attractive entry point into the stock. GE's organic growth seems underappreciated, argues Mitchell, who notes that its organic sales growth has topped most Electrical Equipment and Multi-Industry peers in recent years and into 2017. Meanwhile, GE's segments have shown "fairly healthy" operating leverage, added Mitchell, who has an Outperform rating and $34 price target on GE shares.
05/31/17
DBAB
05/31/17
NO CHANGE
Target $24
DBAB
Sell
General Electric setting stage for dividend cut, says Deutsche Bank
Deutsche Bank analyst John Inch believes the stage is being set for General Electric to cut its common dividend. The analyst has a Sell rating on the shares with a $24 price target. Last Wednesday at a conference, GE provided a cash flow walk for the next two years that suggests it is likely to generate insufficient free cash flow to cover its common dividend this year, and barely enough next year, Inch tells investors in a research note. He believes a "reasonable dividend payout" on a future earnings reset could result in a GE dividend cut to 65c-75c. A dividend reduction could be part of an earnings "reset" lower and possibly in conjunction with eventual future leadership change, Inch writes.
05/25/17
DBAB
05/25/17
NO CHANGE
Target $24
DBAB
Sell
GE officially walked away from 2018 EPS target, says Deutsche Bank
Deutsche Bank analyst John Inch says General Electric CEO Jeff Immelt at a conference yesterday officially walked away from the company's $2.00-plus earnings per share framework for 2018 citing tougher markets. While investors had expected GE to abandon the $2.00-plus target, the company kept $2.00 per share at the high end of its 2018 framework, Inch tells investors in a research note. He believes $2.00 to be unrealistic, even as just a high point in the range. The analyst sees cash flow pressures continuing in 2018 and keeps a Sell rating on GE with a $24 price target.
05/12/17
05/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. General Electric (GE) downgraded to Sell from Hold at Deutsche Bank with analyst John Inch saying the stock is overvalued given "weak earnings quality" and the "wide gap between non-cash and cash earnings." 2. Electronic Arts (EA) was downgraded to Neutral from Long-Term Buy at Hilliard Lyons and to Sell from Hold at Deutsche Bank. 3. Uni-Pixel (UNXL) downgraded to Neutral from Buy at Roth Capital with analyst Brian Alger saying while he sees abundant industry demand and interest for the company's products, he sees Uni-Pixel's future as somewhat binary and dependent upon strategic partnerships being executed relatively quickly. Alger also lowered his price target on the shares to 45c from $2. 4. Akari Therapeutics (AKTX) downgraded to Market Perform from Outperform at William Blair with analyst Tim Lugo citing the company's announcement that it placed its Chief Executive Officer on administrative leave as it reviews any involvement with the Edison Report. 5. Mazor Robotics (MZOR) downgraded to Market Perform from Outperform at JMP Securities with analyst David Turkaly citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

JEC

Jacobs Engineering

$59.34

0.71 (1.21%)

06:43
11/21/17
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06:43
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JEC

Jacobs Engineering

$59.34

0.71 (1.21%)

06:42
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Earnings
Breaking Earnings news story on Jacobs Engineering »

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FSCT

ForeScout

$26.94

1.39 (5.44%)

06:42
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Initiation
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SLV

iShares Silver Trust

$15.98

-0.33 (-2.02%)

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USLV

VelocityShares 3x Long Silver ETN

$11.72

-0.84 (-6.69%)

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JEC

Jacobs Engineering

$59.34

0.71 (1.21%)

06:41
11/21/17
11/21
06:41
11/21/17
06:41
Hot Stocks
Jacobs Engineering reports backlog of $19.8B at year end »

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  • 21

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PLNT

Planet Fitness

$30.15

0.07 (0.23%)

06:41
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11/21
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06:41
Initiation
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JEC

Jacobs Engineering

$59.34

0.71 (1.21%)

06:40
11/21/17
11/21
06:40
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06:40
Earnings
Jacobs Engineering reports Q4 adjusted EPS 98c, consensus 82c »

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  • 21

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IYR

DJ US Real Estate Index Fund

$81.97

-0.17 (-0.21%)

06:40
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KIRK

Kirkland's

$12.82

0.29 (2.31%)

06:40
11/21/17
11/21
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Hot Stocks
Breaking Hot Stocks news story on Kirkland's »

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  • 21

    Nov

IBB

iShares Nasdaq Biotechnology Index

$308.33

-2.88 (-0.93%)

06:39
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11/21
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Technical Analysis
iShares Nasdaq Biotechnology Index: Pivot points »

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KIRK

Kirkland's

$12.82

0.29 (2.31%)

06:39
11/21/17
11/21
06:39
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06:39
Earnings
Kirkland's reports Q3 EPS (15c), consensus (8c) »

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  • 21

    Nov

LABD

Daily S&P Biotech Bear 3x Shares

$5.51

0.11 (2.04%)

06:39
11/21/17
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Technical Analysis
Daily S&P Biotech Bear 3x Shares: Pivot points »

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EWH

MSCI Hong Kong Index

$25.57

0.14 (0.55%)

06:38
11/21/17
11/21
06:38
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06:38
Technical Analysis
MSCI Hong Kong Index: Pivot points »

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EWG

iShares MSCI Germany

$32.73

0.02 (0.06%)

06:38
11/21/17
11/21
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Technical Analysis
iShares MSCI Germany: Pivot points »

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UMH

UMH Properties

$15.04

-0.16 (-1.05%)

06:38
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11/21
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06:38
Recommendations
UMH Properties analyst commentary  »

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IJR

iShares Core S&P Small Cap ETF

$75.20

0.57 (0.76%)

06:38
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11/21
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HRL

Hormel Foods

$33.40

0.28 (0.85%)

06:38
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06:38
Earnings
Hormel Foods sees FY18 EPS $1.60-$1.70, consensus $1.63 »

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GHM

Graham

$19.21

0.35 (1.86%)

06:37
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Hot Stocks
Graham announces two new orders totalling $6.4M »

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EEM

MSCI Emerging Markets Index

$47.06

0.24 (0.51%)

06:37
11/21/17
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06:37
Technical Analysis
MSCI Emerging Markets Index: Pivot points »

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C

Citi

$72.05

0.72 (1.01%)

, BNPQY

BNP Paribas

$37.00

-0.225 (-0.60%)

06:37
11/21/17
11/21
06:37
11/21/17
06:37
Periodicals
FSB drops Citi, BNP in regulation rankings, Bloomberg reports »

The Financial Stability…

C

Citi

$72.05

0.72 (1.01%)

BNPQY

BNP Paribas

$37.00

-0.225 (-0.60%)

CS

Credit Suisse

$16.12

0.02 (0.12%)

JPM

JPMorgan

$99.01

0.87 (0.89%)

RY

Royal Bank of Canada

$78.93

-0.1 (-0.13%)

03/08/13
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EWW

iShares MSCI Mexico

$50.00

-0.26 (-0.52%)

06:37
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iShares MSCI Mexico: Pivot points »

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UUP

PowerShares DB US Dollar Index Up

$24.46

0.12 (0.49%)

06:36
11/21/17
11/21
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06:36
Technical Analysis
PowerShares DB US Dollar Index Up: Pivot points »

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UDN

PowerShares DB US Dollar Index Down

$22.02

-0.1052 (-0.48%)

06:35
11/21/17
11/21
06:35
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06:35
Technical Analysis
PowerShares DB US Dollar Index Down: Pivot points »

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ALO

Alio

$3.31

-0.1 (-2.93%)

06:35
11/21/17
11/21
06:35
11/21/17
06:35
Downgrade
Alio rating change  »

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