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GE

General Electric

$9.28

-0.01 (-0.11%)

07:15
11/06/18
11/06
07:15
11/06/18
07:15

American Industrial Partners to acquire Current, powered by GE

GE announced it has signed a proposed agreement to sell its Current, powered by GE business to American Industrial Partners, a New York-based private equity firm that focuses on buying, improving and growing industrial businesses. The proposed transaction is expected to close in early 2019, subject to customary closing conditions, regulatory approvals and consultation processes where required under local law. Financial details were not disclosed. Current is a leading provider of energy efficiency and digital productivity solutions for commercial offices, retail stores, industrial facilities and cities. Its commercial technology portfolio includes LED and traditional lighting solutions, plus a wide variety of connected sensors, controls and software. As part of the proposed sale, Current would maintain use of the GE brand under a licensing agreement. The North American consumer lighting business of GE Lighting is not included as part of the proposed transaction. GE remains actively engaged in the process to sell this business

GE General Electric
$9.28

-0.01 (-0.11%)

10/31/18
DBAB
10/31/18
NO CHANGE
Target $11
DBAB
Hold
General Electric price target lowered to $11 from $13 at Deutsche Bank
In a post-earnings research note titled "Everything But the Kitchen Sink," Deutsche Bank analyst Nicole DeBlase lowered her price target for General Electric to $11 from $13 and keeps a Hold rating on the shares. "Bulls expected a 'kitchen sink' guidance catalyst that did not materialize, and we still come away with more questions than answers," says DeBlase. While Larry Culp has only been CEO for a month, the analyst still expected GE to provide updated 2018 adjusted earnings and Industrial free cash flow guidance, "at a minimum," particularly since the company pushed out its earnings release by a week.
10/31/18
10/31/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Electric (GE) upgraded to Buy from Neutral at UBS with analyst Steven Winoker saying he has conviction that new CEO Larry Culp can lead a turnaround of the business and his upside/downside analysis for shares now stands at a favorable 3:1 skew following the recent selloff. 2. Eli Lilly (LLY) upgraded to Neutral from Underperform at Credit Suisse. 3. Comerica (CMA) upgraded to Strong Buy from Outperform at Raymond James with analyst David Long saying the pullback in the sector provides more attractive risk/reward in Comerica shares and said its deposit base is relatively attractive given its high 52% composition of noninterest-bearing deposits, 87.5% loan/deposit ratio, and low 21% cumulative deposit beta. 4. Denny's (DENN) upgraded to Overweight from Equal Weight at Stephens with analyst Will Slabaugh saying the company's transition to a 95%-plus franchised model, and the improving return on invested capital that accompanies the transition, should "command a higher valuation." 5. ASML (ASML) upgraded to Buy from Hold at Santander. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/18
GDHS
11/02/18
NO CHANGE
Target $10
GDHS
Underperform
GE may still have to raise equity capital due to tax issues, says Gordon Haskett
Gordon Haskett analyst John Inch believes GE's near-term tax liabilities could be about to significantly increase, stating that "it could have been surmised that GE might have owed up to $9B in taxes per the Tax Cuts and Jobs Act," but the company took a much lesser $3.3B charge while pointing to plans to use a variety of "offsets." If even some of these "offsets" are disallowed, the company could wind up owing possibly billions more in incremental cash taxes over the coming months, said Inch. While GE took an equity capital raise off the table, Inch believes the company may make a "future change to this decision" due to ongoing cash and liability pressures, including rising taxes. Inch keeps an Underperform rating on GE shares with a $10 price target.
11/05/18
GDHS
11/05/18
NO CHANGE
Target $10
GDHS
Underperform
Gordon Haskett sees potential downside to $5 for General Electric shares
Gordon Haskett analyst John Inch, who maintains an Underperform rating and $10 price target on General Electric shares, estimates the stock could trade down to about $5 per share, assuming that GE Capital does not ultimately face insolvency, if the market were to value the stock increasingly on a free cash basis. Right now, it seems to him that most of the bullish analysts and investors are basing their upside views on a sum-of-the-parts valuation, Inch noted. However, he sees this as "academic" as GE cannot completely dismantle due to the fact it must maintain a sufficient base to support all of GE Capital's tens of billions of dollars of debt securities, Inch tells investors.

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OSPN

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HBM

Hudbay Minerals

$6.35

0.365 (6.10%)

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HBM

Hudbay Minerals

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CLXT

Calyxt

$13.56

0.15 (1.12%)

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HBM

Hudbay Minerals

$6.35

0.365 (6.10%)

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NOC

Northrop Grumman

$287.36

0.44 (0.15%)

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SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

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0.49 (0.18%)

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APHA

Aphria

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TEVA

Teva

$18.01

0.02 (0.11%)

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VICL

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OMI

Owens & Minor

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OMI

Owens & Minor

$7.94

0.25 (3.25%)

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USAC

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DK

Delek US

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DK

Delek US

$34.87

0.025 (0.07%)

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DKL

Delek Logistics

$30.39

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OMI

Owens & Minor

$7.94

0.25 (3.25%)

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Thermo Fisher

$250.77

-1.615 (-0.64%)

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OMI

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-1.615 (-0.64%)

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VICL

Vical

$1.01

(0.00%)

17:49
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VICL

Vical

$1.01

(0.00%)

17:48
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Vical reports Q4 EPS (17c), two estimates (17c) »

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VICL

Vical

$1.01

(0.00%)

17:46
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