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GE

General Electric

$24.57

0.389 (1.61%)

, BHGE

Baker Hughes

$36.82

0.195 (0.53%)

16:04
10/02/17
10/02
16:04
10/02/17
16:04

Immelt retires from GE board, Baker Hughes board

GE (GE) announced that effective October 2, 2017, Jeffrey R. Immelt retired as a director and chairman of General Electric Company's board of directors in light of Immelt's determination that the CEO transition has proceeded smoothly and that John L. Flannery, CEO, director and Chair-Elect, was ready to succeed Immelt as chairman of the board. The board concurred and elected Flannery as chairman of the board effective October 2, 2017. Effective October 2, 2017, Immelt also retired as a director and chairman of the board of Baker Hughes, a GE company (BHGE). The BHGE board elected Lorenzo Simonelli, President and Chief Executive Officer of BHGE, to succeed Immelt as Chairman and elected W. Geoffrey Beattie to serve as lead independent director.

GE

General Electric

$24.57

0.389 (1.61%)

BHGE

Baker Hughes

$36.82

0.195 (0.53%)

  • 02

    Oct

  • 03

    Oct

  • 20

    Oct

GE General Electric
$24.57

0.389 (1.61%)

09/26/17
SPHN
09/26/17
NO CHANGE
Target $50
SPHN
Overweight
Stephens sees GE resin as niche, remains positive on Repligen
Stephens analyst Drew Jones says he's "not distracted" from his positive long-term outlook on Repligen (RGEN) after GE Healthcare (GE) announced plans to launch MabSelect resin, which does not use a Repligen Protein A ligand. This will be a niche resin that won't drive "meaningful" revenue for at least five-to-seven years, Jones tells investors in a research note. He adds that Repligen's revenue from GE will not be impacted due to long-term contracts. The analyst sees "no reason" to alter his Overweight stance on Repligen shares.
09/26/17
JEFF
09/26/17
NO CHANGE
Target $40
JEFF
Hold
GE launch to weight on Repligen's valuation, says Jefferies
GE Healthcare (GE), Repligen's largest customer, announced plans to launch a new Protein A resin in the first half of 2018 that will not utilize Repligen as the manufacturer of the associated protein A ligand, Jefferies analyst Brandon Couillard tells investors in a research note. Repligen shares are down 12%, or $5.10, to $38.12 in morning trading. While the near-term financial impact appears negligible to Repligen, the long-term implications are negative, Couillard contends. He believes GE's move to in-source protein A ligands "diminishes the value" of Repligen's "near-monopoly position" and could weigh on its "premium" multiple. The analyst has a Hold rating on Repligen with a $40 price target.
09/11/17
DBAB
09/11/17
NO CHANGE
Target $21
DBAB
Sell
Deutsche Bank cuts GE price target to $21 on 2018 estimate reduction
Deutsche Bank analyst John Inch cut his price target for General Electric shares to $21 from $24 after reducing his 2018 earnings estimate for the company to $1.55 from $1.85. His forecast now assumes weaker Power, reduced earnings benefit due to curtailed share repurchase, as well as a 5c drag from the adoption of ASU No. 2014-09. There could be further downside risk to estimates after management resets 2018 earnings in November, Inch tells investors in a research note. He notes his estimate does not include the potential adoption of other more conservative accounting practices, including a significantly higher tax rate. The analyst keeps a Sell rating on GE shares.
09/07/17
JPMS
09/07/17
NO CHANGE
Target $22
JPMS
Underweight
JPMorgan sees $24 as ceiling not floor for GE shares
In a research note titled "Preparing For The Fall: It's Worse Than We Think.", JPMorgan analyst C. Stephen Tusa says he remains negative on General Electric shares with a $22 price target and Underweight rating. The analyst now views $24 per share as a "ceiling as opposed to a floor prior," and a stock in the high teens as an "investable fair value." GE closed yesterday up 16c to $24.92. Tusa sees downside risk to his well below consensus estimates, and notes the Street is slowly approaching his numbers. GE's cash position is not inflecting, thus current levels are a run rate, not "depressed," Tusa writes. He sees a downside scenario in 2018 GAAP earnings per share to the $1.15-$1.20 range as a potential starting point, compared to current consensus of $1.70.
BHGE Baker Hughes
$36.82

0.195 (0.53%)

10/02/17
SUSQ
10/02/17
DOWNGRADE
Target $38
SUSQ
Neutral
Baker Hughes downgraded to Neutral at Susquehanna
As previously reported, Susquehanna analyst Charles Minervino downgraded Bake Hughes to Neutral from Positive due to its outperformance of his coverage universe. He said with his downward revisions to his estimates and price target, there is no justification for a Positive rating. Minervino lowered his price target to $38 from $42 on Baker Hughes shares.
10/02/17
SUSQ
10/02/17
DOWNGRADE
SUSQ
Neutral
Baker Hughes downgraded to Neutral from Positive at Susquehanna
09/25/17
BOFA
09/25/17
INITIATION
Target $36
BOFA
Underperform
Baker Hughes initiated with an Underperform at BofA/Merrill
BofA/Merrill initiated Baker Hughes with an Underperform and a $36 price target saying due to a cautious outlook for offshore equipment and international services capex, and concerns over the oversupplied LNG market.
09/21/17
JPMS
09/21/17
NO CHANGE
Target $30
JPMS
Neutral
Baker Hughes 2018 estimates have downside risk, says JPMorgan
JPMorgan analyst Sean Meakim believes that despite management's support of the numbers, 2018 consensus estimates for Baker Hughes have downside risk. The analyst reduced his 2018 and 2019 EBITDA estimates by 15%, mostly attributable to a lower Turbomachinery margin profile. He trimmed his price target for the shares to $30 from $32 and keeps a Neutral rating on the name.

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CAAP

Corporacion America Airport

$9.87

0.08 (0.82%)

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

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International Game

$24.39

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International Game

$24.39

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BGS

B&G Foods

$29.80

-0.2 (-0.67%)

AG

First Majestic

$7.44

-0.265 (-3.44%)

NFLX

Netflix

$400.24

4.32 (1.09%)

ROKU

Roku

$48.27

-0.52 (-1.07%)

AVEO

Aveo Pharmaceuticals

$2.85

-0.055 (-1.90%)

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$25.08

-1.12 (-4.27%)

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$2.94

0.11 (3.89%)

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Carbonite

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Redfin

$23.99

0.46 (1.96%)

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$4.95

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

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T

AT&T

$31.90

0.24 (0.76%)

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  • 24

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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

, TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

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  • 08

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DE

Deere

$136.19

-1.41 (-1.02%)

18:49
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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

18:49
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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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NFLX

Netflix

$400.24

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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

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IBM

IBM

$145.43

-0.48 (-0.33%)

, GRPN

Groupon

$4.70

0.025 (0.53%)

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Periodicals
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IBM

IBM

$145.43

-0.48 (-0.33%)

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Groupon

$4.70

0.025 (0.53%)

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LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

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Lionsgate

$23.85

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  • 09

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GNRC

Generac

$52.40

-0.585 (-1.10%)

18:30
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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

18:29
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NFLX

Netflix

$400.24

4.32 (1.09%)

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NFLX

Netflix

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FCPT

Four Corners Property Trust

$24.83

-0.06 (-0.24%)

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ASOMY

Asos

$0.00

(0.00%)

18:14
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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

    Jul

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