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GE

General Electric

$17.66

-0.1 (-0.56%)

06:05
12/07/17
12/07
06:05
12/07/17
06:05

General Electric plans 1,600 job cuts in Germany, Reuters reports

General Electric plans to cut 1,600 jobs in Germany, affecting staff in Mannheim, Stuttgart, Berlin, Moenchengladbach and Kassel, Reuters reports. Les Echos reported earlier this week that GE is looking to cut 4,500 jobs in Europe. Reference Link

GE General Electric
$17.66

-0.1 (-0.56%)

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
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.
11/21/17
DBAB
11/21/17
NO CHANGE
Target $15
DBAB
Sell
Deutsche Bank cuts target on Sell-rated GE to Street-low $15
Deutsche Bank analyst John Inch believes General Electric should trade at a valuation discount given its "still aggressive" accounting, cash flow and debt pressures, and the potential for additional lawsuits. The analyst remains surprised by management's "upbeat tone/pitch." GE continues to call 2018 a "reset" and "trough" year even though billions of dollars of cost savings are expected to flow into numbers next year from downsizing and other restructuring actions, Inch tells investors in a research note. These costs are no longer going to run through the presentation of earnings as GE adopts a "more aggressive adjusted earnings" presentation framework, the analyst adds. He feels GE has been asserting the strength of its portfolio excluding Power, while pointing to cash flow and profit upside, "despite the recent collapse in both financial measures." The analyst cut his price target for the shares to $15 from $18 and reiterates a Sell rating on General Electric. The price target represents the lowest among those published by Wall Street sell-side analysts. The stock closed yesterday at $17.98.
11/28/17
DBAB
11/28/17
NO CHANGE
Target $171
DBAB
Buy
Honeywell price target raised to $171 from $154 at Deutsche Bank
Deutsche Bank analyst John Inch raised his price target for Honeywell (HON) to $171 following recent meetings with management. The shares closed yesterday up 77c to $150.43. The target represents a 20 times forward multiple to the analyst's 2019 earnings forecast. Inch continues to believe Honeywell could become the "next multi-industry investment leader" over the coming decade as General Electric (GE) "further retrenches to preserve cash." Honeywell can pivot towards faster growth with a balance sheet that allows for billions in future growth investments, the analyst tells investors in a research note. He keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

ERIC

Ericsson

$8.91

0.12 (1.37%)

11:32
09/24/18
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11:32
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Ericsson secures CBRS certification from FCC »

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AZN

AstraZeneca

$37.76

0.075 (0.20%)

11:30
09/24/18
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Hot Stocks
AstraZeneca says European Commission grants marketing authorization for Imfinzi »

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GE

General Electric

$11.67

-0.505 (-4.15%)

11:30
09/24/18
09/24
11:30
09/24/18
11:30
Options
Flurry of activity in GE calls as shares fall to multi-year lows »

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11:30
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11:30
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11:30
General news
Treasury 2-year auction outlook »

Treasury 2-year auction…

NWL

Newell Brands

$20.22

-1.61 (-7.38%)

, SHLD

Sears

$1.17

-0.115 (-8.95%)

11:25
09/24/18
09/24
11:25
09/24/18
11:25
Recommendations
Newell Brands, Sears analyst commentary  »

Newell weakness on…

NWL

Newell Brands

$20.22

-1.61 (-7.38%)

SHLD

Sears

$1.17

-0.115 (-8.95%)

03/08/13
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FIT

Fitbit

$5.68

-0.265 (-4.46%)

11:25
09/24/18
09/24
11:25
09/24/18
11:25
Options
Fitbit call volume above normal and directionally bullish »

Bullish option flow…

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11:25
09/24/18
09/24
11:25
09/24/18
11:25
General news
Treasury announced a $40 B 4-week bill sale for Tuesday »

Treasury announced a $40…

11:25
09/24/18
09/24
11:25
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11:25
Conference/Events
RBC Capital multi-industry analyst to hold group luncheon »

Multi-Industry Analyst…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
09/24/18
09/24
11:17
09/24/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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AAPL

Apple

$218.75

1.1 (0.51%)

11:16
09/24/18
09/24
11:16
09/24/18
11:16
Hot Stocks
Apple completes acquisition of Shazam »

Apple announced it has…

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  • 26

    Sep

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
09/24/18
09/24
11:16
09/24/18
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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BBY

Best Buy

$80.08

-0.56 (-0.69%)

11:15
09/24/18
09/24
11:15
09/24/18
11:15
Options
Best Buy put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/06/13
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11:15
09/24/18
09/24
11:15
09/24/18
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:15
09/24/18
09/24
11:15
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11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

RTN

Raytheon

$202.18

-1.315 (-0.65%)

11:12
09/24/18
09/24
11:12
09/24/18
11:12
Hot Stocks
Raytheon to expand cybersecurity customer base in the Middle East »

Raytheon Company has been…

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CMCSA

Comcast

$35.07

-2.84 (-7.49%)

, CMCSK

Comcast

$0.00

(0.00%)

11:11
09/24/18
09/24
11:11
09/24/18
11:11
OnTheFly
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's top…

CMCSA

Comcast

$35.07

-2.84 (-7.49%)

CMCSK

Comcast

$0.00

(0.00%)

SKYAY

Sky

$0.00

(0.00%)

AVP

Avon Products

$2.41

-0.025 (-1.03%)

CZR

Caesars

$10.53

-0.25 (-2.32%)

BIO

Bio-Rad

$308.01

9.56 (3.20%)

NTNX

Nutanix

$42.73

-3.82 (-8.21%)

MSFT

Microsoft

$113.83

-0.87 (-0.76%)

VMW

VMware

$153.08

1.08 (0.71%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 03

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.60

-1.43 (-0.49%)

11:11
09/24/18
09/24
11:11
09/24/18
11:11
Periodicals
Deputy AG Rosenstein 'summoned to the White House,' MSNBC tweets »

MSNBC tweeted,…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.60

-1.43 (-0.49%)

03/08/13
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MSFT

Microsoft

$113.66

-1.04 (-0.91%)

, ADBE

Adobe

$261.32

0.47 (0.18%)

11:09
09/24/18
09/24
11:09
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11:09
Hot Stocks
Microsoft, Adobe, SAP announce Open Data Initiative »

The CEOs of Adobe (ADBE),…

MSFT

Microsoft

$113.66

-1.04 (-0.91%)

ADBE

Adobe

$261.32

0.47 (0.18%)

SAP

SAP

$122.23

0.59 (0.49%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

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FCX

Freeport McMoRan

$14.38

-0.22 (-1.51%)

11:05
09/24/18
09/24
11:05
09/24/18
11:05
Options
Freeport McMoRan call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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03/06/13
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11:05
09/24/18
09/24
11:05
09/24/18
11:05
General news
4-Week Bill Announcement Offering Amount data reported »

4-Week Bill Announcement…

MCD

McDonald's

$163.93

-0.23 (-0.14%)

11:02
09/24/18
09/24
11:02
09/24/18
11:02
Hot Stocks
McDonald's International Lead Markets & Chief Restaurant Officer Goare to retire »

McDonald's announced…

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  • 24

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.57

-1.46 (-0.50%)

11:01
09/24/18
09/24
11:01
09/24/18
11:01
Periodicals
White House accepts Rod Rosenstein's resignation, Bloomberg reports »

Following an Axios report…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.57

-1.46 (-0.50%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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11:00
09/24/18
09/24
11:00
09/24/18
11:00
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

NTR

Nutrien

$57.09

-0.15 (-0.26%)

10:58
09/24/18
09/24
10:58
09/24/18
10:58
Hot Stocks
Nutrien announces Jochen Tilk will step down as Executive Chair »

Nutrien announced that…

03/08/13
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  • 13

    Nov

NTNX

Nutanix

$43.00

-3.55 (-7.63%)

, MSFT

Microsoft

$113.86

-0.84 (-0.73%)

10:56
09/24/18
09/24
10:56
09/24/18
10:56
Downgrade
Nutanix, Microsoft, VMware rating change  »

Nutanix downgraded to…

NTNX

Nutanix

$43.00

-3.55 (-7.63%)

MSFT

Microsoft

$113.86

-0.84 (-0.73%)

VMW

VMware

$153.86

1.86 (1.22%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

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