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GE

General Electric

$12.97

-0.08 (-0.61%)

06:11
04/12/18
04/12
06:11
04/12/18
06:11

GE exploring spinoffs, 'hybrid' deals in strategic review, WSJ reports

General Electric is exploring a public offering for one of its divisions and discussing "hybrid" deals with public companies to combine assets, The Wall Street Journal reports, citing people familiar with the matter. The hybrid deals would leave GE shareholders with stakes in multiple public companies, the report says. Possibilities include spinning off a unit to investors or combining a unit with a smaller public company "in a way that avoids a big tax bill." Some of the people say GE Transportation "could be a model," as GE is said to be preparing for an IPO or spinoff of the division; the unit could be merged with another company that would leave GE shareholders in control of a new public company, one person says. Reference Link

  • 20

    Apr

GE General Electric
$12.97

-0.08 (-0.61%)

04/06/18
JPMS
04/06/18
NO CHANGE
Target $11
JPMS
Underweight
General Electric's 2018 closer to normal than many think, says JPMorgan
JPMorgan analyst Stephen Tusa sees downside risk to estimates for General Electric in the near term. In a fresh research note titled "'Normal' is a Relative Term: A Fresh Look at The GE Power Model," Tusa says his 2018 estimates for GE remain below consensus. Debate continues around the sum-of-the-parts and what could be done to unlock value, Tusa writes. He believes that after nine months in the role, management is likely to have a "better story to tell than the one they told in November the next time we hear from them." GE is already discussing actively with some investors the path forward for improvement off of what is perceived to be depressed operating levels, the analyst reveals. Tusa believes, however, that GE's 2018 is closer to "normal" than many think. The analyst sees support for his Underweight rating on the shares with an $11 price target. General Electric closed yesterday up 15c to $13.43.
04/09/18
JPMS
04/09/18
NO CHANGE
Target $11
JPMS
Underweight
General Electric is most expensive stock in sector, says JPMorgan
After getting feedback from his research note on Friday, JPMorgan analyst Stephen Tusa put out a new note titled "Yes, GE Is The Most Expensive Stock In the Sector." The analyst has an Underweight rating on shares of General Electric with an $11 price target. The stock closed Friday down 37c to $13.06. He believes any recovery in the company's Power unit will be back end loaded into next decade. Tusa also sees a run rate on free cash flow that is "significantly lower" than the prevailing $1 "bull case narrative." GE is the most expensive stock in the sector, he proclaims.
04/11/18
COWN
04/11/18
NO CHANGE
Target $12
COWN
Market Perform
Cowen says avoid General Electric ahead of earnings, lowers target to $12
Cowen analyst Gautam Khanna lowered his price target on General Electric to $12 from $15 and told investors to avoid the shares heading into its restatement of prior earning and its Q1 results. He believes the restatement will continue to pressure the shares, calling GE a "show-me" stock. Khanna, who thinks a Q1 EPS miss appears probable and that GE's 2018 guidance overstate its earnings base, maintained his Market Perform rating on General Electric shares.
04/11/18
COWN
04/11/18
NO CHANGE
Target $12
COWN
Market Perform
Cowen says avoid GE into earnings report, cuts price target to $12
The upcoming accounting restatement and Q1 earnings report will continue to pressure shares of General Electric, which is now a "show me" stock, Cowen analyst Gautam Khan tells investors in a research note titled "Avoid Into Restatement and Q1 Print". The analyst sees an earnings miss in Q1 as probable, with his adjusted earnings per share estimate of 8c below the consensus of 12c. Further, he believes General Electric's 2018 guidance overstates its earnings base. GE's $1.00-$1.07 adjusted earnings per share outlook for 2018 excludes $3.2B of pension and $2.5B of restructuring expenses, which have a 55c negative impact to GAAP earnings per share, Khan points out. In addition, he believes GE's 2017 restatement may be a negative if it raises the company's cost to borrow. Khan cut his price target for GE shares to $12 from $15 and keeps a Market Perform rating on the name. The stock closed yesterday at $13.05.

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AAP

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TPR

Tapestry

$51.19

3.77 (7.95%)

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AAP

Advance Auto Parts

$144.79

(0.00%)

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  • 14

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$180.08

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$292.10

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$23.75

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$54.73

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$181.78

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Electronic Arts

$131.29

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Agilent

$65.95

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AAPL

Apple

$208.87

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Tiffany

$130.88

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LRCX

Lam Research

$178.13

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HDS

HD Supply

$43.72

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ADSK

Autodesk

$133.41

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BSX

Boston Scientific

$33.30

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ZBH

Zimmer Biomet

$122.45

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JACK

Jack in the Box

$89.03

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F

Ford

$9.46

(0.00%)

, BABA

Alibaba

$177.65

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CMI

Cummins

$139.70

(0.00%)

, BZUN

Baozun

$52.66

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Unusually active option classes on open August 14th »

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$139.70

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$47.42

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Home Depot

$194.11

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SWN

Southwestern Energy

$5.34

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NWL

Newell Brands

$20.47

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Energy Select Sector SPDR

$74.30

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FXI

iShares China Large-Cap ETF

$42.15

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Macy's

$40.08

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DB

Deutsche Bank

$11.44

-0.375 (-3.17%)

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SYNL

Synalloy

$23.55

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  • 29

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SWCH

Switch

$13.96

-0.11 (-0.78%)

09:36
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HD

Home Depot

$194.11

-2.19 (-1.12%)

09:35
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  • 14

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F

Ford

$9.46

-0.275 (-2.82%)

09:33
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CPT

Camden Property

$92.39

-0.01 (-0.01%)

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  • 14

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ABIL

Ability

$5.95

1.38 (30.20%)

09:30
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General news
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TPR

Tapestry

$47.42

-0.52 (-1.08%)

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  • 14

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DHT

DHT Holdings

$4.31

-0.015 (-0.35%)

09:29
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Downgrade
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  • 01

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ABIL

Ability

$5.95

1.38 (30.20%)

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Syndicate
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TGEN

Tecogen

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0.03 (0.91%)

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  • 14

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MAR

Marriott

$120.48

0.23 (0.19%)

09:25
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Upgrade
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