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GE

General Electric

$28.99

1.045 (3.74%)

11:40
06/12/17
06/12
11:40
06/12/17
11:40

GE's Immelt says incoming CEO Flannery understands 'risk-reward equation'

Outgoing CEO Jeff Immelt says in 2013, he and the board targeted timeline for CEO transition for summer of 2017. Says GE board led process, and decision was made last Friday by a unanimous board vote. Says GE today has "vastly simplified portfolio." Says incoming CEO Flannery understands "risk-reward equation." Says "no change" to 2017 framework. Comments taken from GE's conference call discussing the appointment of John Flannery as chairman and CEO. GE is up 3.4% to $28.89 in late morning trading.

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    Oct

GE General Electric
$28.99

1.045 (3.74%)

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.
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.
05/31/17
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.
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.

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BABA

Alibaba

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ASYS

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CPCAY

Cathay Pacific

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0.15 (2.05%)

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RTN

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SPWH

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Gap

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AMAT

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FLDM

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$3.60

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$2.44

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LMT

Lockheed Martin

$301.42

-4.38 (-1.43%)

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CTRL

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$22.27

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$21.74

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CG

Carlyle Group

$21.20

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CI

Cigna

$178.03

-1.83 (-1.02%)

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Sen. Corker: Trump has not demonstrated competence to be president »

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BTU

Peabody Energy

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CEMI

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CRMT

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GM

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$35.00

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CBI

CB&I

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DDS

Dillard's

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ABTL

Autobytel

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GBL

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GUID

Guidance Software

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GBL

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Materion

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FALC

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$0.19

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16:36
08/17/17
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16:36
General news
Fed Balance Sheet Level data reported »

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