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GE

General Electric

$20.34

0.35 (1.75%)

13:28
11/10/17
11/10
13:28
11/10/17
13:28

GE expected to lay off staff ahead of CEO's overhaul, Reuters reports

General Electric is expected to cut sales staff and employees in its software unit ahead of new CEO John Flannery's anticipated announcement on Monday of a plan to overhaul the company and cut costs, Reuters reports, citing people familiar with the matter. Two sources say GE Digital will lay off about 100 people in the Americas, including those who sell GE's Predix industrial-internet software GE is considering job cuts across all of its business units, the sources say, adding that GE Power is facing "significant" cuts and the aviation and healthcare units may see fewer reductions. Reference Link

GE General Electric
$20.34

0.35 (1.75%)

11/09/17
STFL
11/09/17
NO CHANGE
STFL
Hold
Stifel makes short-term trading call to underweight GE ahead of investor day
Stifel analyst Robert McCarthy issued a short-term trading call to be underweight GE shares ahead of the company's investor day meeting on November 13, as he believe a dividend cut of over 50%, to 45c from 96c per share, is likely. If such a cut happens, he thinks the stock could see pressure down to around $18 per share, where its dividend yield would be 2.5%, compared to its current yield near 4.8%. While making a short-term underweight call, the firm maintains a Hold rating on GE shares.
11/01/17
JPMS
11/01/17
NO CHANGE
Target $17
JPMS
Underweight
JPMorgan cuts GE target to $17 ahead of investor meeting
JPMorgan analyst C. Stephen Tusa cut his December 2018 price target for shares of General Electric to $17 from $19 ahead of the company's investor meeting on November 13. The stock closed yesterday down 25c to $20.16. To reflect lower Power profit assumptions and higher accounting change headwinds, the analyst reduced his 2018 earnings per share estimate to $1.05 from $1.15 and 2019 estimate to $1.15 from $1.25. Tusa keeps an Underweight rating on shares of GE.
10/30/17
DBAB
10/30/17
NO CHANGE
Target $18
DBAB
Sell
Deutsche Bank cuts General Electric price target to $18
Deutsche Bank analyst John Inch cut his price target for General Electric shares to $18 from $21 and reiterates a Sell rating on the name. Following the "substantial" Q3 miss and 2017 guidance cut, Inch lowered his Q4 earnings per share estimate to 42c from 62c and 2018 estimate to $1.05 from $1.55. The analyst notes his 2018 estimates do not subtract 17c of forecast 2018 pension accounting. It will take years to work through GE's "operational and cultural challenges and establish a firm foundation from which the company can grow on a sustained basis," Inch tells investors in a research note. The stock in early trading is down 33c to $20.46.
10/24/17
10/24/17
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) was downgraded to Hold from Buy at Stifel and to Underperform from Perform at Oppenheimer. 2. Whirlpool (WHR) was downgraded to Sector Perform from Top Pick at RBC Capital and to Neutral from Buy at BofA/Merrill. 3. Roche (RHHBY) downgraded to Hold from Buy at Berenberg with analyst Alistair Campbell saying he sees the company's earnings growth slowing to the slow single digits over the next five years as biosimilar competition ramps. 4. United Continental (UAL) downgraded to Neutral from Overweight at Atlantic Equities with the firm's analyst saying earnings initiatives do not appear to be performing to plan and he is "very skeptical" of United's ability to close the margin gap with Delta (DAL). 5. Hanesbrands (HBI) downgraded to Perform from Outperform at Oppenheimer with analyst Anna Andreeva saying while she remains a fan of "Brands over Retailers" framework, and Hanesbrands has profitability cushions, negative organics domestically take away earnings upside bull case. 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

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BABA

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TWX

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0.71 (0.81%)

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CMCSA

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CMCSK

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SNE

Sony

$46.17

0.07 (0.15%)

FOX

21st Century Fox

$30.48

1.88 (6.57%)

FOXA

21st Century Fox

$31.15

1.83 (6.24%)

LGF.A

Lionsgate

$32.59

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DIS

Disney

$103.44

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VIAB

Viacom

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VIA

Viacom

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GE

General Electric

$18.21

-0.04 (-0.22%)

17:10
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GE yet to decide which directors will lose seats, WSJ reports »

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GLPG

Galapagos NV

$90.83

-0.66 (-0.72%)

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BA

Boeing

$262.26

-1.44 (-0.55%)

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SBLK

Star Bulk Carriers

$9.60

0.19 (2.02%)

16:53
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16:53
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Earnings
Star Bulk Carriers reports Q3 adjusted EPS (8c), consensus (5c) »

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BDRBF

Bombardier

$2.43

0.0007 (0.03%)

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  • 28

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TSLA

Tesla

$315.05

2.55 (0.82%)

10:21
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Tesla new super car to cost $200,000, Recode says »

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  • 20

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GT

Goodyear Tire

$29.94

0.63 (2.15%)

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  • 20

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HMC

Honda

$32.62

0.02 (0.06%)

10:05
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Honda recalls 900,000 minivans on tip forward seats, Reuters says »

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

09:48
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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

03/08/13
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03/08/13
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03/06/13
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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
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  • 27

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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  • 27

    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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Periodicals
Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
11/18/17
11/18
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Periodicals
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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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TWX

Time Warner

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T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

    Nov

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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Synaptics management to meet with KeyBanc »

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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

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Tactile Systems

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Lumos Networks

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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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