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GE

General Electric

$12.09

0.8 (7.09%)

05:46
10/02/18
10/02
05:46
10/02/18
05:46

General Electric upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Deane Dray upgraded General Electric to Outperform and raised his price target for the shares to $15 from $13. The analyst believes a floor has been put in the shares following news of Larry Culp being named Chairman and CEO.

GE General Electric
$12.09

0.8 (7.09%)

09/20/18
JPMS
09/20/18
NO CHANGE
Target $10
JPMS
Underweight
JPMorgan, saying 'another shoe drops,' cuts GE price target to $10
JPMorgan analyst Stephen Tusa lowered his price target for General Electric to $10 from $11 and keeps an Underweight rating on the shares. The stock closed yesterday up 19c to $12.86. The impact on "asset value" from a failure at GE's U.S. H-frame launch customer, while tough to estimate, represents a negative development for a company that has little wiggle room for more "shoes to drop," Tusa tells investors in a research note partially titled "Another Shoe Drops: H Frame Blade Failure Risks Franchise Impairment." The analyst's channel checks, which he says are now confirmed by GE Power's CEO, GE investor relations and the customer, suggest GE has experienced a failure in a first stage blade on an H-frame in one of its two initial marquee installations in the U.S., Colorado Bend. GE is minimizing the issue, referring to the problem in general as an "oxidation issue," Tusa writes. However, one channel participant the analyst talked to spoke of the break at less than 10,000 hours as "historic." Further, Tusa says the problem is material enough for Exelon (EXC) to have shut the plant down, along with the "award winning" Wolf Hollow plant for precautionary measures. The analyst believes this suggests the situation is worse than what GE says. If as bad as it seems, there should no longer be any doubt that GE Power has company-specific issues, Tusa contends. The analyst's new price target assumes weaker results at GE Power and some franchise value impact.
09/20/18
09/20/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BAIRD UPGRADES CATERPILLAR TO OUTPERFORM: Baird analyst Mig Dobre upgraded Caterpillar (CAT) to Outperform from Neutral. The analyst believes demand growth should continue into 2019. While some markets like China are close to peak, most of its demand is still at or below mid-cycle levels, said Dobre, who raised his price target to $191 from $155 on Caterpillar shares. Caterpiller is up 1.5% in late morning trading. PIPER CUTS STITCH FIX TO NEUTRAL: Piper Jaffray analyst Erinn Murphy downgraded Stitch Fix (SFIX) to Neutral while raising her price target for the shares to $43 from $29. The analyst cited valuation for the downgrade. With shares nearing $50, market expectations do not provide any margin of error, Murphy said. She believes the "smallest hint" of pressure could be a significant negative catalyst for the stock. Further, the analyst notes that Amazon's (AMZN) Prime Wardrobe is now advertising in key NFL slots and that the company is testing a personalized recommendation service for certain categories. In late morning trading, Stitch Fix is lower by over 13%. COWEN CUTS SKECHERS TO MARKET PERFORM: Cowen analyst John Kernan downgraded Skechers (SKX) to Market Perform from Outperform citing growing inventory levels, particularly as foreign exchange headwinds in key markets build. He also believes consensus forecasts for operating expansion are too optimistic. Kernan lowered his price target to $28 from $32 on Skechers shares, which are down 4.7% in late morning trading. JPMORGAN CUTS GE'S PRICE TARGET: JPMorgan analyst Stephen Tusa lowered his price target for General Electric (GE) to $10 from $11 and kept an Underweight rating on the shares. The impact on "asset value" from a failure at GE's U.S. H-frame launch customer, while tough to estimate, represents a negative development for a company that has little wiggle room for more "shoes to drop," Tusa said. MORGAN STANLEY POSITIVE ON APPLE IPHONE DUAL-SIM ADDITION: In EMEA and Asia, smartphones with dual-SIM capabilities have become the status quo, noted Morgan Stanley analyst Katy Huberty, who believes that Apple adding dual-SIM to the new iPhones is an underappreciated feature with the potential to drive upside to shipments in FY19. Huberty kept an Overweight rating and $247 price target on Apple shares.
09/28/18
RBCM
09/28/18
NO CHANGE
Target $13
RBCM
Sector Perform
General Electric price target lowered to $13 from $15 at RBC Capital
RBC Capital analyst Deane Dray lowered his price target on General Electric to $13, reflecting the 9% downdraft in its stock price over the past two weeks. The analyst says the decline suggests that the company has yet to reach a point where bad news does not make the stock decline, arguing that the bottom has not yet been reached. In light of GE's "radio silence" ahead of its earnings, Dray adds that his investment focus remains around the company's negatives. Dray states that these now include the "new disclosures of defective gas turbine fan blades" and the prospects for new charges associated with the issue. The analyst also cites the "ongoing SEC and DoJ investigations, potential dividend cut, and price-cost pressures compounded by US-China tariffs and the trade war fallout".
10/01/18
JPMS
10/01/18
NO CHANGE
JPMS
GE 'negative surprise' raises questions about serious issues, says JPMorgan
JPMorgan analyst Stephen Tusa said the timing and format of GE's (GE) CEO change announcement is a negative surprise that raises questions as to whether there are "serious issues at play." While the selection of ex-Danaher (DHR) CEO Larry Culp is a positive for investor confidence and the change brings the company a step closer to a real reset, the details on how potentially bad things actually are have not been shared and Tusa sees a dividend cut and potential equity raise as likely, he tells investors. The analyst maintains a $10 price target and Underweight rating on GE shares, which are up 97c, or 8.5%, to $12.26 in afternoon trading.

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AL

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BA

Boeing

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UVSP

Univest

$22.87

0.18 (0.79%)

16:39
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LOB

Live Oak Bancshares

$15.40

-0.07 (-0.45%)

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XLNX

Xilinx

$89.55

-0.89 (-0.98%)

16:36
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OHRP

Ohr Pharmaceutical

$0.12

-0.0035 (-2.79%)

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TRMK

Trustmark

$30.50

0.22 (0.73%)

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CNS

Cohen & Steers

$36.95

0.24 (0.65%)

16:35
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Earnings
Cohen & Steers reports Q4 adjusted EPS 56c, consensus 59c »

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ADXS

Advaxis

$0.32

-0.0283 (-8.16%)

16:35
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Breaking Hot Stocks news story on Advaxis 

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AVLR

Avalara

$39.72

-0.38 (-0.95%)

16:34
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SLM

Sallie Mae

$9.49

0.1 (1.07%)

16:34
01/23/19
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Earnings
Sallie Mae sees FY19 EPS $1.22-$1.26, consensus $1.21 »

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  • 24

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BXS

BancorpSouth

$28.54

-0.13 (-0.45%)

16:33
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Earnings
BancorpSouth reports Q4 EPS 47c, consensus 55c »

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SLM

Sallie Mae

$9.49

0.1 (1.07%)

16:32
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Earnings
Sallie Mae reports Q4 adjusted EPS 33c, consensus 27c »

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CATY

Cathay General

$37.28

0.12 (0.32%)

16:32
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Earnings
Cathay General reports Q4 EPS 80c, consensus 80c »

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CHRA

Charah Solutions

$6.97

0.19 (2.80%)

16:32
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CHRA

Charah Solutions

$6.97

0.19 (2.80%)

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IBM

IBM

$132.89

10.55 (8.62%)

, UTX

United Technologies

$117.08

5.85 (5.26%)

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IBM

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United Technologies

$117.08

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PG

Procter & Gamble

$94.87

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CMCSA

Comcast

$36.87

1.71 (4.86%)

CMCSK

Comcast

$0.00

(0.00%)

VZ

Verizon

$57.77

0.78 (1.37%)

ORCL

Oracle

$49.25

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VIPS

Vipshop

$7.08

0.6 (9.26%)

ARAY

Accuray

$4.41

0.44 (11.08%)

WAT

Waters

$229.46

25.94 (12.75%)

TSLA

Tesla

$287.41

-11.39 (-3.81%)

COF

Capital One

$78.19

-5.19 (-6.22%)

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BGG

Briggs & Stratton

$13.73

-0.46 (-3.24%)

16:31
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Earnings
Briggs & Stratton cuts FY19 EPS view to $1.10-$1.30 from $1.40-$1.60 »

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16:30
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Options
Preliminary option volume of 17.0M today »

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BGG

Briggs & Stratton

$13.73

-0.46 (-3.24%)

16:29
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Earnings
Briggs & Stratton reports Q2 adjusted EPS 20c, consensus 25c »

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  • 24

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PTC

PTC

$84.73

-1.14 (-1.33%)

16:29
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Hot Stocks
PTC falls over 9% after Q1 earnings and FY19 guidance cut »

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  • 23

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STL

Sterling Bancorp

$18.29

-0.14 (-0.76%)

16:29
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Earnings
Sterling Bancorp reports Q4 EPS 52c, consensus 50c »

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CMRE

Costamare

$4.82

0.015 (0.31%)

16:29
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Earnings
Costamare reports Q4 EPS 12c, consensus 10c »

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