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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
11/18/17
11/18
09:39
11/18/17
09:39

Buy Baker Hughes, Barron's says

While it is "not easy" to be a General Electric company (GE) and seems like GE may be giving up on Baker Hughes (BHGE), it does not mean investors should, Ben Levisohn writes in this week's edition of Barron's. The recent selloff may be a chance to pick up shares of Baker Hughes at a bargain, he adds. Reference Link

BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

  • 14

    Dec

BHGE Baker Hughes
$30.91

0.76 (2.52%)

10/24/17
UBSW
10/24/17
NO CHANGE
UBSW
Selloff in oil services not necessarily over, says UBS
UBS analyst Angie Sedita said the recent sell off in the oil services sector is not necessarily over as short-term investors continue to unwind positions and she believes some Street estimates are still too high. She remains constructive on the group long-term, but attributes the selloff to a lack of upward guidance, limited catalysts, limited visibility on E&P capital expenditures and some downward revisions on some larger names in the group.
10/23/17
LOOP
10/23/17
NO CHANGE
Target $37
LOOP
Hold
Baker Hughes price target lowered to $37 from $40 at Loop Capital
Loop Capital analyst Stephen Gengaro lowered his price target on Baker Hughes to $37 following Q3 results, noting the company's near-term prospects are shadowed by headwinds in its Oilfield Equipment segment, soft international Oilfield Service demand, and a tepid short-term environment for LNG-driven work. The analyst notes however that management feels good about its synergy targets in its facility integration process. Gengaro maintains a Hold rating on Baker Hughes.
10/19/17
10/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Baker Hughes (BHGE) initiated with a Neutral at UBS. 2. Wayfair (W) initiated with a Buy at MKM Partners. 3. TerraForm Power (TERP) reinstated with a Neutral at JPMorgan. 4. Eiger BioPharmaceuticals (EIGR) initiated with a Buy at Roth Capital. 5. Northern Dynasty (NAK) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/19/17
UBSW
10/19/17
INITIATION
Target $36
UBSW
Neutral
Baker Hughes initiated with a Neutral at UBS
UBS analyst Angie Sedita started Baker Hughes with a Neutral rating and $36 price target. The shares are "compelling" for conservative investors looking for less leverage to oil prices and those seeking a "strong" balance sheet and a dividend, Sedita tells investors in a research note. The analyst, however, believes the current valuation of Baker Hughes is fair.
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

HXL

Hexcel

$60.98

1.64 (2.76%)

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CTLT

Catalent

$39.54

-0.2 (-0.50%)

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08:00
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General news
Oil Action: NYMEX crude »

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TSM

TSMC

$39.30

-0.07 (-0.18%)

07:57
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TSMC chairman says HPC chip demand remains strong, DigiTimes reports »

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KR

Kroger

$26.33

-0.25 (-0.94%)

07:56
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Conference/Events
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ST

Sensata

$51.66

3.76 (7.85%)

07:55
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CTL

CenturyLink

$15.70

-0.17 (-1.07%)

, FTR

Frontier Communications

$10.05

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FTR

Frontier Communications

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WIN

Windstream

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UNM

Unum Group

$56.40

-0.25 (-0.44%)

07:55
12/13/17
12/13
07:55
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07:55
Conference/Events
Unum Group to host investor day »

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  • 13

    Dec

HON

Honeywell

$153.74

0.53 (0.35%)

07:55
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Conference/Events
Honeywell to hold a conference call »

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  • 13

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JLL

Jones Lang LaSalle

$149.76

0.56 (0.38%)

07:55
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Conference/Events
Jones Lang LaSalle to host investor day »

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  • 13

    Dec

AAPL

Apple

$171.70

-0.97 (-0.56%)

07:52
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07:52
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07:52
Periodicals
Apple hires Matthys, Grazier for business affairs on content team, Variety says »

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AMTD

TD Ameritrade

$52.69

0.61 (1.17%)

07:51
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12/13
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Syndicate
TD Ameritrade 27.7M share Spot Secondary priced at $51.50 »

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HUBS

HubSpot

$82.70

-0.7 (-0.84%)

07:50
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07:50
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07:50
Conference/Events
HubSpot management to meet with Needham »

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  • 14

    Dec

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    Dec

VZ

Verizon

$53.19

1.35 (2.60%)

07:50
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07:50
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Conference/Events
Verizon management to meet with Deutsche Bank »

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  • 13

    Dec

CRL

Charles River

$104.57

0.67 (0.64%)

07:50
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07:50
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07:50
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PAY

Verifone

$18.47

0.28 (1.54%)

07:50
12/13/17
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Technical Analysis
Technical View: Verifone falls after earnings and outlook disappoint »

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  • 14

    Dec

FRED

Fred's

$3.77

-0.19 (-4.80%)

07:49
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Conference/Events
Fred's management to meet with Sidoti »

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  • 14

    Dec

NICE

Nice

$87.71

0.03 (0.03%)

07:47
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  • 26

    Feb

PM

Philip Morris

$107.30

1.26 (1.19%)

07:46
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HXL

Hexcel

$60.98

1.64 (2.76%)

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PYPL

PayPal

$73.62

0.33 (0.45%)

, VNTV

Vantiv

$74.79

0.17 (0.23%)

07:42
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VNTV

Vantiv

$74.79

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ADP

ADP

$117.05

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PAYX

Paychex

$68.71

-0.31 (-0.45%)

AMZN

Amazon.com

$1,165.08

-3.84 (-0.33%)

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  • 19

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AEE

Ameren

$61.36

-1.8425 (-2.92%)

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AAPL

Apple

$171.70

-0.97 (-0.56%)

07:41
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Apple SVP Phil Schiller talks Face ID, HomePod delay, T3 reports »

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BLUE

bluebird bio

$190.95

-10.85 (-5.38%)

07:41
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  • 13

    Dec

PRLB

Proto Labs

$95.85

1.85 (1.97%)

07:40
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