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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

PCG

PG&E

$21.50

-4.16 (-16.21%)

09:55
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CSCO

Cisco

$46.30

1.95 (4.40%)

, AVGO

Broadcom

$230.54

4.24 (1.87%)

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Early notable gainers among liquid option names on November 15th »

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CSCO

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$46.30

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AVGO

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$230.54

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FCX

Freeport McMoRan

$11.80

0.26 (2.25%)

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Wynn Resorts

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CF

CF Industries

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0.59 (1.31%)

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ATVI

Activision Blizzard

$51.55

-0.06 (-0.12%)

, EA

Electronic Arts

$85.63

-0.04 (-0.05%)

09:55
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ATVI

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$51.55

-0.06 (-0.12%)

EA

Electronic Arts

$85.63

-0.04 (-0.05%)

GME

GameStop

$12.98

0.02 (0.15%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$106.89

0.3 (0.28%)

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FBK

FB Financial

$37.72

(0.00%)

, ACBI

Atlantic Capital

$17.05

1.65 (10.71%)

09:55
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Conference/Events
Atlantic Capital to hold a conference call »

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FBK

FB Financial

$37.72

(0.00%)

ACBI

Atlantic Capital

$17.05

1.65 (10.71%)

03/08/13
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LCA

Landcadia

$11.85

0.51 (4.50%)

09:55
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11/15
09:55
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Conference/Events
Landcadia to host special shareholder meeting »

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Conference/Events
Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

Federal Reserve Vice…

09:54
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Breaking Hot Stocks news story  »

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NCS

NCI Building

$12.35

(0.00%)

09:53
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Conference/Events
NCI Building to host special shareholder meeting »

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  • 15

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09:50
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General news
U.S. business inventories preview: »

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Hot Stocks
Breaking Hot Stocks news story  »

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DVMT

Dell Technologies

$107.05

1.3 (1.23%)

, BLK

BlackRock

$397.00

-4.93 (-1.23%)

09:49
11/15/18
11/15
09:49
11/15/18
09:49
Periodicals
BlackRock supportive of revised Dell offer for Class V shares, CNBC says »

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DVMT

Dell Technologies

$107.05

1.3 (1.23%)

BLK

BlackRock

$397.00

-4.93 (-1.23%)

03/08/13
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BEDU

Bright Scholar

$10.59

-2.18 (-17.07%)

09:47
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Hot Stocks
Bright Scholar falls -16.8% »

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  • 15

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$172.78

-79.5 (-31.51%)

09:47
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Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -32.0% »

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RYB

RYB Education

$9.55

-7.26 (-43.19%)

09:47
11/15/18
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Hot Stocks
RYB Education falls -44.4% »

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VIPS

Vipshop

$5.78

0.43 (8.04%)

09:47
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Hot Stocks
Vipshop rises 6.0% »

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$3.76

0.89 (31.01%)

09:47
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VelocityShares 3x Inv Natural Gas ETN rises 32.1% »

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SFS

Smart & Final Stores

$5.70

0.74 (14.92%)

09:47
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SQNS

Sequans

$1.00

-0.005 (-0.50%)

09:46
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Conference/Events
Sequans management to meet with Needham »

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SCOR

comScore

$16.81

(0.00%)

09:45
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Conference/Events
comScore management to meet with Needham »

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  • 15

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09:45
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General news
Breaking General news story  »

Federal Reserve Vice…

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General news
Business Inventories to be reported at 10:00 »

September Business…

BCSF

Bain Capital Specialty Finance

$0.00

(0.00%)

09:44
11/15/18
11/15
09:44
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09:44
Syndicate
Breaking Syndicate news story on Bain Capital Specialty Finance »

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  • 15

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QURE

uniQure

$22.79

(0.00%)

, ONCE

Spark Therapeutics

$40.93

(0.00%)

09:42
11/15/18
11/15
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09:42
Recommendations
uniQure, Spark Therapeutics analyst commentary  »

uniQure's AMT-061…

QURE

uniQure

$22.79

(0.00%)

ONCE

Spark Therapeutics

$40.93

(0.00%)

03/08/13
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REGN

Regeneron

$337.12

(0.00%)

, BMY

Bristol-Myers

$52.61

(0.00%)

09:40
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Options
Unusually active option classes on open November 15th »

Unusual total active…

REGN

Regeneron

$337.12

(0.00%)

BMY

Bristol-Myers

$52.61

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PDD

Pinduoduo

$19.14

(0.00%)

CSCO

Cisco

$44.35

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WMT

Walmart

$101.58

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JNJ

Johnson & Johnson

$144.32

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DIA

Diamonds Fund ETF

$251.14

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ORCL

Oracle

$48.84

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KO

Coca-Cola

$49.77

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BABA

Alibaba

$150.55

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RYB

RYB Education

$16.81

0.02 (0.12%)

09:38
11/15/18
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Breaking Hot Stocks news story on RYB Education »

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