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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
11/18/17
11/18
09:00
11/18/17
09:00

Risk remains after GE dividend cut, Barron's says

While buying General Electric shares after a big payment cut may seem like a safe move, it might not be as GE would have to move still lower to give it the "sort of plump yield befitting a struggling giant" in need of a turnaround, Jack Hough writes in this week's edition of Barron's. Reference Link

GE General Electric
$18.21

-0.04 (-0.22%)

11/14/17
COWN
11/14/17
NO CHANGE
COWN
Market Perform
Woodward may have negative read through from GE Power guidance, says Cowen
Cowen analyst Guatam Khanna noted that General Electric (GE) has reduced its outlook for its Power segment and said it will seek to pare back delivery of gas turbine part orders that have already been placed. All of this may add pressure to Woodward's (WWD) FY18 industrial segment guidance, said Khanna, who has a Market Perform rating on Woodward shares.
11/14/17
11/14/17
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 Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying that he now expects the turnaround at the company to be more protracted than previously anticipated, noting the roadmap laid out by new CEO John Flannery fell short of expectations regarding the scope of the business model/portfolio changes. 2. Phillips 66 (PSX) downgraded to Underweight from Equal Weight at Barclays analyst Paul Cheng saying the company's diversified business model will likely drive underperformance in a strong margin uptrend environment for U.S. refiners. 3. Hilton (HLT) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Grambling citing the recent outperformance of the stock for the rating change, but he expects consistent double-digit earnings growth on low single-digit RevPAR. 4. PulteGroup (PHM) downgraded to Neutral from Buy at Buckingham with the firm citing recent share strength and raised its price target to $33 from $31. 5. Albemarle (ALB) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter downgraded Albemarle (ALB) to Hold from Buy while raising his price target for the shares to $150 from $130. Following a field trip to China, Begleiter believes new lithium processing capacity is coming, which should begin to pressure prices by 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/17
BOFA
11/14/17
NO CHANGE
Target $23
BOFA
Buy
BofA/Merrill sticking with a Buy on General Electric
BofA/Merrill analyst Andrew Obin said General Electric's dividend cut and lowered 2018 outlook are a "true reset" while the $6B pension refunding in 2018 through debt issuance should reduce some of the concerns about off-balance sheet liabilities. Obin said the company is focused on the core portfolio and is evaluating other options withing its portfolio, where there is significant optionality. The analyst did cut his estimates and reduced his price target on General Electric shares to $23 from $27 but is sticking with his Buy rating.
11/14/17
RBCM
11/14/17
DOWNGRADE
Target $20
RBCM
Sector Perform
GE downgraded to Sector Perform at RBC Capital on protracted turnaround
As reported earlier, RBC Capital analyst Deane Dray downgraded General Electric to Sector Perform from Outperform and cut his price target to $20 from $25. Dray says that he now expects the turnaround at the company to be more protracted than previously anticipated, noting the roadmap laid out by new CEO John Flannery fell short of expectations regarding the scope of the business model/portfolio changes. The analyst says the investment community was especially disappointed by the scope of the "missteps and secular challenges", as well as the systemic cash flow shortfalls, in the Power segment, along with the disclosure that the company's dividend payout was above the scope of industrial cash flows for several years.

TODAY'S FREE FLY STORIES

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EQIX

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MET

MetLife

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GM

General Motors

$40.95

0.14 (0.34%)

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TCEHY

Tencent

$50.31

-0.231 (-0.46%)

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Alibaba

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AMZN

Amazon.com

$1,179.14

4.88 (0.42%)

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  • 18

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HUM

Humana

$253.64

3.03 (1.21%)

, KND

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$8.60

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KND

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ORCL

Oracle

$48.30

-1.89 (-3.77%)

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CSX

CSX

$52.93

-4.38 (-7.64%)

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VRX

Valeant

$19.71

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KMF

Kayne Anderson Midstream/Energy Fund

$13.78

0.09 (0.66%)

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KYN

Kayne Anderson MLP

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KED

Kayne Anderson Energy

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-0.01 (-0.06%)

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KYE

Kayne Anderson Energy

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CSX

CSX

$52.93

-4.38 (-7.64%)

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CBOE

CBOE Holdings

$126.37

0.31 (0.25%)

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DIS

Disney

$111.27

0.7 (0.63%)

, FOXA

21st Century Fox

$34.99

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DIS

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$111.27

0.7 (0.63%)

FOXA

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$34.99

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ALK

Alaska Air

$70.83

1.44 (2.08%)

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ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

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  • 12

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AAPL

Apple

$173.97

1.75 (1.02%)

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NFLX

Netflix

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DIS

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MSGN

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AMCX

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VIAB

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  • 08

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XOM

Exxon Mobil

$83.03

0.13 (0.16%)

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DIS

Disney

$111.27

0.7 (0.63%)

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21st Century Fox

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T

AT&T

$38.24

0.5 (1.32%)

CHTR

Charter

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-6.37 (-1.94%)

CMCSA

Comcast

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CMCSK

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VZ

Verizon

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NFLX

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0.56 (0.30%)

AMZN

Amazon.com

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FB

Facebook

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TWTR

Twitter

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GOOG

Alphabet

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GOOGL

Alphabet Class A

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14.53 (1.37%)

DFS

Discover

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SYF

Synchrony

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0.2 (0.54%)

COF

Capital One

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OMF

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CIT

CIT Group

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SC

Santander Consumer

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SLM

Sallie Mae

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AL

Air Lease

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  • 11

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SHOO

Steven Madden

$44.15

1.15 (2.67%)

04:55
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04:55
Conference/Events
Steven Madden management to meet with B. Riley FBR »

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  • 16

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