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GE

General Electric

$27.94

0.35 (1.27%)

06:34
06/12/17
06/12
06:34
06/12/17
06:34

General Electric says 2017 framework remains unchanged

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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

NUGT

Direxion Gold Miners Bull

$28.92

-0.88 (-2.95%)

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SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

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Earnings
Signet Jewelers reports Q3 EPS with items (20c), consensus 10c »

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$14.70

-0.82 (-5.28%)

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HZN

Horizon Global

$14.38

0.49 (3.53%)

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Conference/Events
Horizon Global management to meet with Roth Capital »

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$27.02

0.93 (3.56%)

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Direxion Daily Gold Miners Bear 3X ETF: Pivot points »

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HK

Halcon Resources

$7.12

0.08 (1.14%)

06:56
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06:56
Conference/Events
Halcon Resources management to meet with Imperial Capital »

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  • 28

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$65.13

3.43 (5.56%)

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MBIN

Merchants Bancorp

$17.68

0.05 (0.28%)

06:55
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Initiation
Merchants Bancorp initiated  »

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MBIN

Merchants Bancorp

$17.68

0.05 (0.28%)

06:55
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Initiation
Merchants Bancorp initiated  »

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VXX

iPath S&P 500 VIX Short-Term Futures

$33.36

-1.09 (-3.16%)

06:55
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Technical Analysis
iPath S&P 500 VIX Short-Term Futures: Pivot points »

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BA

Boeing

$264.57

2.35 (0.90%)

06:55
11/21/17
11/21
06:55
11/21/17
06:55
Recommendations
Boeing analyst commentary  »

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$113.09

3.39 (3.09%)

06:54
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Technical Analysis
VelocityShares Daily Inverse VIX Short-Term ETN: Pivot points »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$8.05

-0.54 (-6.29%)

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VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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MAG

MAG Silver

$10.98

-0.07 (-0.63%)

06:54
11/21/17
11/21
06:54
11/21/17
06:54
Downgrade
MAG Silver rating change  »

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MDT

Medtronic

$78.90

-0.59 (-0.74%)

06:54
11/21/17
11/21
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06:54
Hot Stocks
Medtronic CEO says Q2 results 'very encouraging' »

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  • 01

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FSM

Fortuna Silver Mines

06:53
11/21/17
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Downgrade
Fortuna Silver Mines rating change  »

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CDE

Coeur Mining

$7.42

0.05 (0.68%)

06:53
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Upgrade
Coeur Mining rating change  »

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PAAS

Pan American Silver

$14.98

-0.22 (-1.45%)

06:53
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Upgrade
Pan American Silver rating change  »

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SVXY

ProShares Short VIX Short-Term Futures

$108.45

3.44 (3.28%)

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ProShares Short VIX Short-Term Futures: Pivot points »

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CRH

CRH

$36.23

0.61 (1.71%)

06:53
11/21/17
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06:53
Periodicals
Building materials maker CRH on lookout for more deals, Reuters reports »

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CSRA

CSRA

$27.53

-0.09 (-0.33%)

06:53
11/21/17
11/21
06:53
11/21/17
06:53
Initiation
CSRA initiated  »

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MOV

Movado

$28.90

0.45 (1.58%)

06:52
11/21/17
11/21
06:52
11/21/17
06:52
Earnings
Movado raises FY18 EPS view to $1.70-$1.75, consensus $1.63 »

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USO

United States Oil Fund

$11.28

-0.07 (-0.62%)

06:52
11/21/17
11/21
06:52
11/21/17
06:52
Technical Analysis
United States Oil Fund: Pivot points »

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LDOS

Leidos

$61.64

0.55 (0.90%)

06:52
11/21/17
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Initiation
Leidos initiated  »

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XOP

SPDR Oil Exploration and Production Fund

$34.58

-0.42 (-1.20%)

06:51
11/21/17
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06:51
Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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