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GE

General Electric

$14.98

-0.05 (-0.33%)

, WAB

Wabtec

$95.23

1.1 (1.17%)

16:19
05/20/18
05/20
16:19
05/20/18
16:19

GE nearing deal to merge transportation unit with Wabtec, Reuters says

General Electric (GE) is nearing a deal to merge its transportation business with Wabtec (WAB), according to Reuters, citing two people familiar with the matter. A deal could be announced as early as this week, sources said. Reference Link

GE

General Electric

$14.98

-0.05 (-0.33%)

WAB

Wabtec

$95.23

1.1 (1.17%)

  • 20

    May

  • 12

    Jun

GE General Electric
$14.98

-0.05 (-0.33%)

05/04/18
JPMS
05/04/18
NO CHANGE
Target $11
JPMS
Underweight
GE really sold Industrial Solutions for $1.9B, not $2.6B, says JPMorgan
JPMorgan analyst Stephen Tusa says new disclosures in General Electric's quarterly filing show that the net proceeds from the Industrial Solutions sale will be $1.9B, not the headline $2.6B. This is partly because of taxes but also because of the company's disclose that "cash to be received by GE Capital for receivables originated in our Industrial Solutions business and sold to them," Tusa tells investors in a research note titled "GE Industrial Solutions: A Window Into Asset Sales and How $2.6 B Becomes $1.9 B, and Arguably Close to Zero." Further, he notes that the majority of pension liabilities are staying with GE. This is "another bite out of the proceeds," Tusa writes. He believes assets sales such as this are "unattractive for the shareholder, and should be viewed as such by ratings agencies, which remain seemingly and surprisingly patient and accommodating." The analyst keeps an Underweight rating on General Electric with an $11 price target.
05/10/18
JPMS
05/10/18
NO CHANGE
Target $11
JPMS
Underweight
Spread between GE's adjusted, GAAP results widest on record, says JPMorgan
The difference between General Electric's "adjusted" earnings per share, which is being used by consensus and retail investors to value the stock today, and GAAP is the "widest we have on record," JPMorgan analyst Stephen Tusa tells investors in a research note. The difference is around 50%, higher than ever seen during prior CEO Jeff Immelt's tenure, with "still worst-in-class" consensus free cash flow conversion, Tusa writes in a note titled "Quality vs. Quantity: When Will GEs EPS Recouple and Align with Peers? And Other Notable Items." The analyst keeps an Underweight rating on General Electric with an $11 price target.
05/14/18
GABE
05/14/18
INITIATION
GABE
Buy
General Electric initiated with a Buy at Gabelli
Gabelli analyst Justin Bergner initiated coverage on General Electric with a Buy and $22.50 price target. Bergner believes General Electric has the right leadership in place, with high quality assets in Aviation and Healthcare, that provide a margin of safety, and a path to de-leverage which does not require a fire sale of assets.
05/14/18
05/14/18
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. General Electric (GE) initiated with a Buy at Gabelli. 2. Western Digital (WDC) initiated with an Overweight at JPMorgan. 3. GrafTech (EAF) initiated with an Overweight at JPMorgan and an Outperform at RBC Capital. 4. Surface Oncology (SURF) initiated with an Outperform at Evercore ISI and Cowen as well as a Neutral at Goldman Sachs. 5. BeiGene (BGNE) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
WAB Wabtec
$95.23

1.1 (1.17%)

05/08/18
KEYB
05/08/18
NO CHANGE
Target $105
KEYB
Overweight
Wabtec price target raised to $105 from $100 at KeyBanc
KeyBanc analyst Steve Barger raised his price target for Wabtec to $105 from $100 after the company laid out an aggressive 5-year plan with targets that imply significant organic revenue and EPS growth. The analyst reiterates an Overweight rating on the shares.
05/14/18
DBAB
05/14/18
UPGRADE
DBAB
Buy
Wabtec upgraded to Buy from Hold at Deutsche Bank
05/14/18
DBAB
05/14/18
UPGRADE
Target $105
DBAB
Buy
Wabtec upgraded to Buy with $105 price target at Deutsche Bank
As previously reported, Deutsche Bank analyst Saree Boroditsky upgraded Wabtec to Buy from Hold, citing the potential for earnings to double by 2022 from a combination of organic growth and acquisitions. Freight earnings rebounding should support a pickup in Class 1 equipment investment and Boroditsky expects rail operators to continue investing in technology in order to effectively compete with the truck industry, the analyst tells investors. Boroditsky raised the price target on Wabtec shares to $105 from $95.
05/16/18
WLSD
05/16/18
DOWNGRADE
WLSD
Hold
Wabtec downgraded to Hold from Gradually Accumulate at Wellington Shields

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JNJ

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UAL

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$89.94

0.8 (0.90%)

17:39
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Periodicals
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  • 21

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$53.04

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17:36
09/21/18
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17:36
General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

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OHGI

One Horizon Group

$0.18

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CYTX

Cytori Therapeutics

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VYGR

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GNRC

Generac

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GBNK

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Conference/Events
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PMBC

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WSC

WillScot

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DTEA

DAVIDsTEA

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NYT

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, EXPE

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IBTX

Independent Bank

$67.60

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, GBNK

Guaranty Bancorp

$30.20

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MPC

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, ANDV

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$154.80

2.19 (1.44%)

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Conference/Events
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MPC

Marathon Petroleum

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ANDV

Andeavor

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ANDV

Andeavor

$154.80

2.19 (1.44%)

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Marathon Petroleum

$83.37

1.44 (1.76%)

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Conference/Events
Marathon Petroleum to host special shareholder meeting »

Special Shareholder…

ANDV

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MPC

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EPRT

Essential Properties Realty Trust

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BBSI

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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

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