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WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

, GE

General Electric

$12.96

-0.24 (-1.82%)

17:32
06/19/18
06/19
17:32
06/19/18
17:32

Walgreens Boots Alliance to replace General Electric in DJIA

Walgreens Boots Alliance (WBA) will replace General Electric (GE) in the Dow Jones Industrial Average, or DJIA, effective Tuesday, June 26 before the market opens. David Blitzer, Managing Director and Chairman of the index committee at S&P Dow Jones Indices, noted that GE was "an original member of the DJIA in 1896 and a member continuously since 1907," but added that "today's change to the DJIA will make the index a better measure of the economy and the stock market." In after-hours trading following the announcement, GE shares dropped 1.5% while Walgreen Boots Alliance shares rose over 3%.

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

GE

General Electric

$12.96

-0.24 (-1.82%)

  • 28

    Jun

WBA Walgreens Boots Alliance
$64.61

0.47 (0.73%)

04/17/18
MZHO
04/17/18
NO CHANGE
MZHO
Amazon news removes 'unprecedented overhang' on drug sellers, says Mizuho
After CNBC reported yesterday afternoon that Amazon (AMZN) has decided to shelve its plan to sell and distribute pharmaceutical products, Mizuho analyst Ann Hynes said she had thought Amazon's current logistics and distribution model would not translate into healthcare. However, based on conversations with investors, she believes the magnitude of the overhang that Amazon presented for drug distributors and retail pharmacies was "unprecedented." While drug pricing is still a concern, she notes that the CNBC report removes one overhang on the drug supply chain stocks. Hynes remain a buyer of CVS Health (CVS) and Walgreens (WBA) and keeps Neutral ratings on Rite Aid (RAD) as well as on drug distributors AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK).
04/24/18
LEER
04/24/18
NO CHANGE
LEER
Amazon shelving pharma supply efforts to hospitals not surprising, says Leerink
Leerink analyst David Larsen notes that Amazon (AMZN) is said to be shelving its pharmaceutical supply efforts to hospitals, which he does not see as a suprise given several barriers to entry. The consumer market has always been Amazon's core competency, though he expects it will be a long, gradual, and difficult process of building up an online drug portfolio with an initial focus likely on generics. The analyst believes the risk of Amazon entering retail in the near term is reduced significantly. Nonetheless, Larsen thinks risk remains longer term for retail pharmacies such as CVS (CVS) and Walgreens Boots Alliance (WBA).
05/23/18
LEER
05/23/18
NO CHANGE
Target $70
LEER
Market Perform
Walgreens Boots Alliance price target lowered to $70 from $75 at Leerink
Leerink analyst David Larsen lowered his price target for Walgreens Boots Alliance to $70 from $75 as healthcare hub strategy is taking time and headwinds continue. The analyst reiterates a Market Perform rating on the shares.
05/29/18
MZHO
05/29/18
NO CHANGE
Target $77
MZHO
Buy
Walgreens Boots Alliance price target lowered to $77 from $87 at Mizuho
Mizuho analyst Ann Hynes views Walgreens Boots Alliance's sell-side event last week as "strange." Management highlighted the company was focused on a new strategy for the stores, but would not share any details on the strategy for competitive reasons, Hynes tells investors in a research note. The analyst, however, keeps a Buy rating on the shares citing Walgreens' current valuation, "strong" cash flow and likely limited downside risk to adjusted earnings estimates.
GE General Electric
$12.96

-0.24 (-1.82%)

05/29/18
COWN
05/29/18
NO CHANGE
Target $125
COWN
Outperform
Wabtec price target raised to $125 from $99 at Cowen
Cowen analyst Matt Elkott raised his price target on Wabtec (WAB) to $125 from $99 citing its merger with GE Transportation (GE). He believes Wabtec is the most comprehensive and unique play on global rail markets and there is no direct publicly traded comp. Elkott reiterated his Outperform rating on Wabtec shares.
05/30/18
JPMS
05/30/18
NO CHANGE
Target $11
JPMS
Underweight
GE Capital remains 'underappreciated risk,' says JPMorgan
JPMorgan analyst Stephen Tusa believes GE Capital "remains an underappreciated risk." In a new research note titled "GECS: Not Gone and Not to Be Forgotten; Part 3, Recent Disclosure Suggests Further Action Needed to 'De-Risk," Tusa says the math suggests more capital may be needed, even without another charge from lingering liabilities. The analyst sees either $22B in incremental asset wind down versus the standing plan, or a $3B capital contribution. While many investors are discounting January's Insurance charge as one of the last "shoes to drop," it is "more of a wake-up call around a GECS book that continues to operate with the burden of a systemic approach to making short-term earnings look better with ultimately uneconomic long-term moves," Tusa writes. He has an Underweight rating on General Electric with an $11 price target.
06/01/18
UBSW
06/01/18
NO CHANGE
Target $16
UBSW
Neutral
General Electric can cover dividend into 2019, says UBS
UBS analyst Steven Winoker noted investors are concerned about General Electric's ability to pay its dividend. The analyst believes the company can generate enough cash and maintain a strong credit rating if they can execute asset sales. He believes the company can cover the dividend in 2018 and 2019 and most likely into 2020, but argues a bigger free cash flow cushion is warranted. Winoker maintained his Neutral rating and $16 price target on General Electric shares.
06/04/18
JPMS
06/04/18
NO CHANGE
Target $11
JPMS
Underweight
General Electric needs $30B in cash, JPMorgan's Tusa says
JPMorgan analyst Stephen Tusa says he's watching for General Electric's new board and management to set the longer-term path for a "new GE" as the company's CEO transition approaches its one-year anniversary. In a research note titled "Will The Page Officially Turn In June?," Tusa argues that investors "deserve clarity on the path forward" following "mixed messages" and the debate around portfolio value. The analyst continues to see the need for GE to "de-risk substantially," which he believes includes the need for cash and a cut to the dividend. This is not only about survival, but positioning the company to, as CEO Flannery put it recently, "flourish," Tusa writes. The analyst's preliminary math shows the need for $30B in cash to get to 2.5 times leverage as per ratings agencies. Tusa keeps an Underweight rating on General Electric with an $11 price target.

TODAY'S FREE FLY STORIES

AN

AutoNation

$37.22

-1.15 (-3.00%)

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TSLA

Tesla

$294.60

3.42 (1.17%)

, NSANY

Nissan

$0.00

(0.00%)

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NSANY

Nissan

$0.00

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FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

17:31
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First Savings Financial raises quarterly dividend to 16c per share from 15c »

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
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Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

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ENT

Global Eagle

$2.66

(0.00%)

17:23
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17:23
Hot Stocks
Global Eagle to cut workforce by roughly 15% »

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17:15
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Breaking General news story  »

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NOC

Northrop Grumman

$288.84

2.54 (0.89%)

17:13
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02/22
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17:13
Hot Stocks
Northrop Grumman exec Kalan sells 4,312 common shares »

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

17:07
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Breaking Syndicate news story on LyondellBasell »

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TCCO

Technical Comm Corp

$2.76

0.17 (6.56%)

17:06
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Technical Comm Corp to submit plan to regain compliance with Nasdaq by March 4 »

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INFU

InfuSystem

$4.15

0.04 (0.97%)

17:01
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Hot Stocks
InfuSystem announces settlement of derivative lawsuit »

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KALU

Kaiser Aluminum

$108.22

-1.9 (-1.73%)

17:01
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Kaiser Aluminum names Neal West as new CFO »

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

17:00
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17:00
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Alder Biopharmaceuticals submits eptinezumab BLA to FDA »

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  • 25

    Feb

RF

Regions Financial

$16.24

-0.01 (-0.06%)

16:59
02/22/19
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Breaking Syndicate news story on Regions Financial »

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  • 27

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HL

Hecla Mining

$2.59

-0.145 (-5.31%)

16:58
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Syndicate
Breaking Syndicate news story on Hecla Mining »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

, CELG

Celgene

$89.15

0.54 (0.61%)

16:52
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Hot Stocks
Bristol-Myers files proxy statement in connection with proposed Celgene merger »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

CELG

Celgene

$89.15

0.54 (0.61%)

03/08/13
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    May

TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
02/22/19
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Earnings
Tenneco sees FY19 revenue growth up 4%-5%, consensus $4.65B »

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
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Earnings
Tenneco reports preliminary Q4 revenue $4.3B, consensus $4.3B »

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  • 25

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XRX

Xerox

$31.50

0.16 (0.51%)

16:44
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Conference/Events
Xerox management to meet with Loop Capital »

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  • 28

    Feb

TWTR

Twitter

$31.70

0.94 (3.06%)

16:38
02/22/19
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Twitter board member Evan Williams to step down at end of month »

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  • 25

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ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

16:34
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Ally Financial CEO sells over 97,000 common shares »

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DAL

Delta Air Lines

$51.52

0.04 (0.08%)

16:33
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Delta Air Lines' West sells 36,000 common shares »

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REN

Resolute Energy

$31.61

0.09 (0.29%)

16:30
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Resolute Energy stockholders approve merger with Cimarex Energy »

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Options
Preliminary option volume of 18.8M today »

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ORI

Old Republic

$21.14

0.04 (0.19%)

16:22
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Old Republic raises quarterly dividend to 20c from 19.5c per share »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
02/22/19
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16:20
Options
Closing CBOE SPX and VIX Index summary for February 22nd »

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