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GE

General Electric

$14.65

0.16 (1.10%)

07:01
02/27/18
02/27
07:01
02/27/18
07:01

New GE board makes capital raise more likely, says Deutsche Bank

Deutsche Bank analyst John Inch believes the new board that General Electric announced yesterday increases the likelihood of a capital raise. At least one or more of the new board members might advocate for GE to raise equity capital and provide for a more apt liquidity cushion given the company's "current cash squeeze and significant balance sheet risks," including $37B of long-term debt maturities at GE Capital over the next three years, Inch tells investors in a research note. The analyst has a Sell rating on General Electric with a $13 price target. The stock closed yesterday up 15c to $14.65. Inch knows new board member Larry Culp, and questions whether he would "want to risk his stellar reputation should GE find itself inadequately capitalized over the coming quarters." Inch expects any potential equity raise to occur beyond the next few months as the new members "wrap their heads around GE's abundance of 'issues'".

GE General Electric
$14.65

0.16 (1.10%)

02/12/18
JPMS
02/12/18
NO CHANGE
Target $14
JPMS
Underweight
JPMorgan cuts GE price target to $14, sees potential downside to $10-$11
JPMorgan analyst C. Stephen Tusa lowered his price target for shares of General Electric to $14 from $16 while maintaining an Underweight rating on the name. The stock closed Friday up 47c to $14.94. The company's fundamentals remain "challenged/mixed," and are showing "few signs of a snap back," Tusa tells investors in a research note. GE's portfolio is still low growth, with weak free cash flow and too much leverage, raising a question around whether an equity raise is possible, Tusa writes. The analyst does not think the company needs to raise capital as of yet, but adds "it would certainly help to de-risk from any capital markets volatility, and provide an accelerated pathway to greater optionality." Tusa argues that the value that is left over for equity holders is below where the stock currently trades. His sum-of-the-parts value for GE is $13, with downside to $10-$11 per share "depending on the outcome of certain liabilities that are tough to call but have historically been money bad."
02/13/18
BMOC
02/13/18
NO CHANGE
Target $35
BMOC
Market Perform
Genpact price target raised to $35 from $32 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Genpact (G) to $35, saying the company's revenue growth trajectory is improving thanks to the "strong demand environment, solid execution, and lower revenue mix impact from General Electric (GE)". The analyst contends that revenue growth rates can accelerate further if Global Clients can grow 10% per year and GE stabilizes. Bachman keeps his Market Perform rating on Genpact, noting that the stock price gains are limited because operating and free cash flow margins will not improve "meaningfully".
02/15/18
LEHM
02/15/18
INITIATION
Target $16
LEHM
Equal Weight
General Electric initiated with an Equal Weight at Barclays
Barclays analyst Julian Mitchell started General Electric with an Equal Weight rating and $16 price target. The analyst initiated 24 Multi-Industry companies with a Neutral sector view.
02/26/18
SBSH
02/26/18
NO CHANGE
Target $23
SBSH
Buy
Citi sees no 'smoking gun' in GE's annual filing, maintains Buy rating
General Electric's annual filing late Friday contained no "smoking gun" of new information, but there were "interesting new disclosures" around GE Capital liquidity, contract assets, and further potential for goodwill impairments, Citi analyst Andrew Kaplowitz tells investors in a research note. His thoughts on the stock have not changed. The analyst keeps a Buy rating on GE with a $23 price target. The stock in afternoon trading is down 31c to $14.18. Kaplowitz continues to think new management can "unlock significant value over time." He believes, however, that the company's legacy liabilities, such as long-term care insurance, the exited U.S. mortgage business, and pension will take time to resolve.

TODAY'S FREE FLY STORIES

COP

ConocoPhillips

$70.59

-1.425 (-1.98%)

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FSUMY

Fortescue Metal

$0.00

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PEP

PepsiCo

$112.95

0.23 (0.20%)

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Dish

$32.75

-0.84 (-2.50%)

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$112.95

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Dish

$32.75

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

, CAT

Caterpillar

$138.06

-2.68 (-1.90%)

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

CAT

Caterpillar

$138.06

-2.68 (-1.90%)

DE

Deere

$136.19

-1.41 (-1.02%)

GNRC

Generac

$52.40

-0.585 (-1.10%)

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CZR

Caesars

$11.63

0.075 (0.65%)

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19:25
07/16/18
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Conference/Events
Morgan Stanley telecom analyst to hold an analyst/industry conference call »

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CAAP

Corporacion America Airport

$9.87

0.08 (0.82%)

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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  • 10

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CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

, IGT

International Game

$24.39

-0.5 (-2.01%)

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CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

IGT

International Game

$24.39

-0.5 (-2.01%)

BGS

B&G Foods

$29.80

-0.2 (-0.67%)

AG

First Majestic

$7.44

-0.265 (-3.44%)

NFLX

Netflix

$400.24

4.32 (1.09%)

ROKU

Roku

$48.27

-0.52 (-1.07%)

AVEO

Aveo Pharmaceuticals

$2.85

-0.055 (-1.90%)

EOLS

Evolus

$25.08

-1.12 (-4.27%)

TRQ

Turquoise Hill

$2.94

0.11 (3.89%)

CARB

Carbonite

$38.40

-0.1 (-0.26%)

RDFN

Redfin

$23.99

0.46 (1.96%)

NAKD

Naked Brand Group

$4.95

-0.15 (-2.94%)

MTW

Manitowoc

$26.99

-0.52 (-1.89%)

AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

03/08/13
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T

AT&T

$31.90

0.24 (0.76%)

18:58
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  • 24

    Jul

  • 09

    Aug

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

, TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

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  • 08

    Aug

  • 06

    Sep

DE

Deere

$136.19

-1.41 (-1.02%)

18:49
07/16/18
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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

18:49
07/16/18
07/16
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  • 30

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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  • 10

    Sep

NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

    Jul

IBM

IBM

$145.43

-0.48 (-0.33%)

, GRPN

Groupon

$4.70

0.025 (0.53%)

18:32
07/16/18
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18:32
07/16/18
18:32
Periodicals
IBM seeks $166.5M in damages from Groupon in patent lawsuit, Bloomberg says »

IBM (IBM) is requesting…

IBM

IBM

$145.43

-0.48 (-0.33%)

GRPN

Groupon

$4.70

0.025 (0.53%)

03/08/13
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  • 18

    Jul

LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

, LGF.B

Lionsgate

$23.85

-0.69 (-2.81%)

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LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

LGF.B

Lionsgate

$23.85

-0.69 (-2.81%)

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  • 09

    Aug

GNRC

Generac

$52.40

-0.585 (-1.10%)

18:30
07/16/18
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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

18:29
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07/16
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18:29
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NFLX

Netflix

$400.24

4.32 (1.09%)

18:27
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  • 16

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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

    Jul

FCPT

Four Corners Property Trust

$24.83

-0.06 (-0.24%)

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ASOMY

Asos

$0.00

(0.00%)

18:14
07/16/18
07/16
18:14
07/16/18
18:14
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Asos upgraded to Buy from…

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NFLX

Netflix

$400.24

4.32 (1.09%)

18:11
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Breaking Hot Stocks news story on Netflix »

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  • 16

    Jul

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