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GE

General Electric

$12.09

0.8 (7.09%)

07:08
10/02/18
10/02
07:08
10/02/18
07:08

GE management change bigger than $23B impairment, says Citi

Yesterday's announcement of Larry Culp being named Chairman and CEO is a "new beginning" for General Electric, Citi analyst Andrew Kaplowitz tells investors in a research note. The analyst says that while the Power business is "dramatically worse" than he thought, a "proven outside leader" can immediately accelerate the pace of change and execution. Management change is bigger and more forward looking than the $23B non-cash impairment the company will take on its Power business, Kaplowitz contends. The analyst keeps a Buy rating on General Electric.

GE General Electric
$12.09

0.8 (7.09%)

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.
10/02/18
RBCM
10/02/18
UPGRADE
Target $15
RBCM
Outperform
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.

TODAY'S FREE FLY STORIES

EBAY

eBay

$30.38

-0.29 (-0.95%)

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  • 03

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$62.73

-5.73 (-8.37%)

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SNAP

Snap

$5.82

-0.72 (-11.01%)

12:00
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  • 24

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    Mar

IAG

IAMGold

$3.18

-0.4 (-11.17%)

12:00
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IAMGold falls -11.2% »

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  • 16

    Jan

SMTA

Spirit MTA REIT

$8.00

0.77 (10.65%)

12:00
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Hot Stocks
Spirit MTA REIT rises 10.2% »

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IVC

Invacare

$5.62

0.66 (13.31%)

12:00
01/16/19
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Invacare rises 12.9% »

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GOLD

Barrick Gold

$11.88

0.02 (0.17%)

12:00
01/16/19
01/16
12:00
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12:00
Options
Barrick Gold calls active as positions are covered ahead of the expiration »

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FDC

First Data

$20.94

3.39 (19.32%)

12:00
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01/16
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Hot Stocks
First Data rises 19.4% »

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  • 03

    Mar

JBLU

JetBlue

$17.42

0.27 (1.57%)

, UAL

United Continental

$86.43

5.2 (6.40%)

11:57
01/16/19
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11:57
On The Fly
United soars after fourth quarter revenue beat as airline continues to take share »

Shares of United…

JBLU

JetBlue

$17.42

0.27 (1.57%)

UAL

United Continental

$86.43

5.2 (6.40%)

DAL

Delta Air Lines

$48.30

0.49 (1.02%)

AAL

American Airlines

$33.45

1.35 (4.21%)

03/08/13
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  • 16

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  • 04

    Mar

MRT

MedEquities Realty Trust

$10.82

0.1 (0.93%)

11:56
01/16/19
01/16
11:56
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11:56
Hot Stocks
Chicago Capital reports 6.65% passive stake in MedEquities Realty Trust »

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PHUN

Phunware

$140.01

-6.97 (-4.74%)

11:55
01/16/19
01/16
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Breaking Hot Stocks news story on Phunware »

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DWDP

DowDuPont

$55.80

0.79 (1.44%)

, ASH

Ashland

$76.00

1.425 (1.91%)

11:55
01/16/19
01/16
11:55
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11:55
Conference/Events
Jefferies chemicals analyst to hold a group luncheon »

Chemicals Analyst…

DWDP

DowDuPont

$55.80

0.79 (1.44%)

ASH

Ashland

$76.00

1.425 (1.91%)

FMC

FMC Corporation

$79.70

0.52 (0.66%)

LTHM

Livent

$13.27

-0.135 (-1.01%)

03/08/13
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03/08/13
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  • 28

    May

JNPR

Juniper

$28.14

0.03 (0.11%)

, IBM

IBM

$121.68

-0.07 (-0.06%)

11:53
01/16/19
01/16
11:53
01/16/19
11:53
Hot Stocks
IBM Services announces $325M agreement with Juniper »

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JNPR

Juniper

$28.14

0.03 (0.11%)

IBM

IBM

$121.68

-0.07 (-0.06%)

03/08/13
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03/06/13
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03/06/13
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    Mar

SSNLF

Samsung

$0.00

(0.00%)

, NTDOY

Nintendo

$0.00

(0.00%)

11:53
01/16/19
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'Pokemon GO' maker Niantic announces $245M in Series C financing »

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SSNLF

Samsung

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

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PHUN

Phunware

$140.01

-6.97 (-4.74%)

11:50
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Hot Stocks
Breaking Hot Stocks news story on Phunware »

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TWLO

Twilio

$99.80

-0.62 (-0.62%)

11:50
01/16/19
01/16
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11:50
Options
Twilio calls lead puts nearly 3:1 as shares climb off morning lows »

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  • 16

    Jan

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    Feb

TYME

Tyme Technologies

$3.47

-0.12 (-3.34%)

11:40
01/16/19
01/16
11:40
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11:40
Options
Aggressive put buy in Tyme Technologies »

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  • 18

    Jan

BLK

BlackRock

$417.04

16.81 (4.20%)

11:34
01/16/19
01/16
11:34
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11:34
Periodicals
Fake annual letter from BlackRock CEO sent to media outlets, Barron's says »

An email was sent to…

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  • 16

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PPG

PPG

$102.31

1.31 (1.30%)

11:30
01/16/19
01/16
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11:30
Options
PPG Industries puts active ahead of earnings »

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  • 17

    Jan

EADSY

Airbus

$0.00

(0.00%)

11:29
01/16/19
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11:29
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11:29
Periodicals
Airbus investing $300M for new A220 plant in Alabama, Reuters reports »

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BUD

AB InBev

$70.49

-2.04 (-2.81%)

, ACN

Accenture

$148.37

1.53 (1.04%)

11:29
01/16/19
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11:29
On The Fly
Downgrades of IT Hardware sector, AB Inbev among today's top analyst calls »

Check out today's top…

BUD

AB InBev

$70.49

-2.04 (-2.81%)

ACN

Accenture

$148.37

1.53 (1.04%)

HPE

HP Enterprise

$14.08

-0.37 (-2.56%)

NTAP

NetApp

$61.25

-1.23 (-1.97%)

NTNX

Nutanix

$49.83

1.075 (2.20%)

TDC

Teradata

$43.09

1.35 (3.23%)

AAPL

Apple

$155.13

2.09 (1.37%)

AVGO

Broadcom

$255.49

-1.02 (-0.40%)

CRUS

Cirrus Logic

$36.22

0.74 (2.09%)

QRVO

Qorvo

$61.91

0.36 (0.58%)

SWKS

Skyworks

$69.44

0.99 (1.45%)

SYNA

Synaptics

$39.79

0.15 (0.38%)

03/08/13
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RHT

Red Hat

$175.73

0.16 (0.09%)

, IBM

IBM

$121.35

-0.4 (-0.33%)

11:29
01/16/19
01/16
11:29
01/16/19
11:29
Hot Stocks
Red Hat shareholders approve merger with IBM »

In a regulatory filing,…

RHT

Red Hat

$175.73

0.16 (0.09%)

IBM

IBM

$121.35

-0.4 (-0.33%)

03/08/13
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03/06/13
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03/06/13
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    Mar

BB

BlackBerry

$7.67

0.14 (1.86%)

11:25
01/16/19
01/16
11:25
01/16/19
11:25
Options
BlackBerry call volume above normal and directionally bullish »

Bullish option flow…

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11:25
01/16/19
01/16
11:25
01/16/19
11:25
General news
Atlanta Fed's Q4 GDPNow estimate was stuck at 2.8% »

Atlanta Fed's Q4…

11:25
01/16/19
01/16
11:25
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11:25
Conference/Events
UBS communications/media analysts to hold a luncheon meeting »

Communications &…

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