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BHGE

Ticker changed to BKR

$21.65

0.19 (0.89%)

, GE

General Electric

$7.02

-0.32 (-4.36%)

09:14
12/10/18
12/10
09:14
12/10/18
09:14

GE stake in Baker Hughes remains an overhang, says Susquehanna

Susquehanna analyst Charles Minervino said Baker Hughes (BHGE) management expressed optimism about its end market diversification, global oilfield footprint and robust backlog in recent meetings and noted the company has not made any changes to its outlook assumptions disclosed on the Q3 call. While he thinks Baker Hughes has done "a very admirable job" of managing the new organization since the GE (GE) merger, Minervino keeps a Neutral rating on the stock given the lingering GE 50.4% ownership overhang. After lowering his 2019 EPS estimate to $1.29 from $1.39 to account for model changes and the recent move in crude prices, Minervino lowered his price target on Baker Hughes shares to $24 from $31.

BHGE

Ticker changed to BKR

$21.65

0.19 (0.89%)

GE

General Electric

$7.02

-0.32 (-4.36%)

  • 12

    Dec

  • 13

    Dec

  • 18

    Dec

BHGE Ticker changed to BKR
$21.65

0.19 (0.89%)

11/20/18
GDHS
11/20/18
NO CHANGE
Target $10
GDHS
Underperform
GE 'fire sale' of Baker Hughes stake a 'net negative,' says Gordon Haskett
Gordon Haskett analyst John Inch, who maintains an Underperform rating and $10 price target on General Electric (GE) shares, said the sale of Baker Hughes (BHGE) shares generates cash and in theory should be a credit "positive", but given that the sale is being done so far below book value leads him to conclude it is instead a net "negative." Even though GE should realize about $3.8B in proceeds from the sale, Inch believes the company's balance sheet could come under further stress given likely additional write-downs associated with the "fire sale" of Baker Hughes sales, he tells investors.
11/05/18
UBSW
11/05/18
NO CHANGE
Target $38
UBSW
Buy
Baker Hughes price target lowered to $38 from $45 at UBS
UBS analyst Sasha Sanwal lowered his price target on Baker Hughes to $38 from $45 following Q3 results. The analyst believes the LNG and offshore businesses are poised for inflection and puts attention on the company as a defensive play. Sanwal reiterated his Buy rating on Baker Hughes shares.
10/31/18
10/31/18
UPGRADE
Target $37

Buy
Baker Hughes upgraded to Buy at Guggenheim
As previously reported, Guggenheim upgraded Baker Hughes (BHGE) to Buy from Neutral with a $37 price target. Analyst Michael LaMotte said Baker Hughes has been executing consistently since the merger closed in July, and this quarter, materialized several project wins that highlight broader macro improvement in offshore/international E&P activity, but also the company's ability to win work and capture share. LaMotte also said Baker Hughes' pending commercialization of Subsea Connect should better position the company to compete for deepwater work with TechnipFMC's (FTI) Subsea 2.0 system, both of which are designed with smaller footprints, lower production and install costs, and have modular capabilities.
10/31/18
GUGG
10/31/18
UPGRADE
GUGG
Buy
Baker Hughes upgraded to Buy from Neutral at Guggenheim
GE General Electric
$7.02

-0.32 (-4.36%)

11/30/18
DBAB
11/30/18
NO CHANGE
Target $7
DBAB
Hold
Deutsche, laying out 'realistic bear case,' cuts GE target to $7 from $11
Deutsche Bank analyst Nicole DeBlase thinks the key debates over General Electric can be boiled down to the trajectory of GE Industrial free cash flow and whether the company is headed for a liquidity crisis. In a new research report titled "Laying Out a Realistic Bear Case," the analyst walks through a new base and bear case free cash flow analyses. The bad news is that in the bear case, GE Industrial free cash flow remains in negative territory through 2021, DeBlase writes. The analyst built up a segment-by-segment bear case earnings model, which assumes continued declines at Power and modest downturns in Renewables, Aviation and O&G. The "good news," however, is that even in this "drastic scenario," the analyst does not foresee a liquidity crisis. Nevertheless, the analyst cut her price target for General Electric shares to $7 from $11 and keeps a Hold rating on the name. The stock closed yesterday up 20c to $7.94. DeBlase's price target relies on her base case, not her bear case. Her base case "embodies a more likely scenario," whereby an economic downturn does not happen through 2021.
11/30/18
DBAB
11/30/18
NO CHANGE
Target $7
DBAB
Hold
General Electric price target lowered to $7 from $11 at Deutsche Bank
Deutsche Bank analyst Nicole DeBlase lowered his price target for General Electric to $7 from $11 and keeps a Hold rating on the shares after laying out what she believes to be a "realistic bear case."
11/13/18
GDHS
11/13/18
NO CHANGE
Target $10
GDHS
Underperform
General Electric liquidity risks could be escalating, says Gordon Haskett
Gordon Haskett analyst John Inch said that despite GE's assurances and those of other analysts that liquidity does not pose a risk, he believes liquidity issues could be escalating given the rapidly raising spreads in GE CDS, which he tells investors "could portend additional GE credit rating downgrades." GE's CEO asserted in interview yesterday that the company has no plans for an equity capital raise, but added "as conditions change in the future we might come back and reconsider that," noted Inch, who thinks that at current GE share price levels the "window to raise equity capital appears to have largely shut." Inch maintains an Underperform rating and $10 price target on GE shares.

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BRY

Berry Petroleum

$8.68

-2.625 (-23.22%)

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HON

Honeywell

$180.19

0.39 (0.22%)

15:38
11/19/19
11/19
15:38
11/19/19
15:38
Conference/Events
Honeywell to hold a two day investor webcast »

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TGT

Target

$110.50

-0.09 (-0.08%)

15:37
11/19/19
11/19
15:37
11/19/19
15:37
Technical Analysis
Technical Preview: Target before earnings has a potential bearish pattern »

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BRY

Berry Petroleum

$8.61

-2.695 (-23.84%)

15:36
11/19/19
11/19
15:36
11/19/19
15:36
Hot Stocks
Breaking Hot Stocks news story on Berry Petroleum »

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BA

Boeing

$367.88

-1.62 (-0.44%)

15:35
11/19/19
11/19
15:35
11/19/19
15:35
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Boeing says working on enhancements that address NTSB recommendations »

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ESE

Esco Technologies

$86.89

2.12 (2.50%)

15:34
11/19/19
11/19
15:34
11/19/19
15:34
Options
ESCO Technologies options imply 8.1% move in share price post-earnings »

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DIS

Disney

$148.53

0.88 (0.60%)

15:31
11/19/19
11/19
15:31
11/19/19
15:31
Periodicals
Disney sees $100M domestic opening weekend for 'Frozen 2,' Bloomberg says »

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MYOV

Myovant Sciences

$13.98

7.96 (132.23%)

15:28
11/19/19
11/19
15:28
11/19/19
15:28
Recommendations
Myovant Sciences analyst commentary  »

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  • 19

    Nov

ACM

Aecom

$42.75

0.11 (0.26%)

15:26
11/19/19
11/19
15:26
11/19/19
15:26
Conference/Events
Aecom participates in a conference call with BofA/Merrill »

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MSFT

Microsoft

$150.52

0.17 (0.11%)

15:20
11/19/19
11/19
15:20
11/19/19
15:20
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Microsoft's Mixer says Partners now can gate ability to clip streams »

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  • 20

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ALC

Alcon

$59.24

0.35 (0.59%)

15:19
11/19/19
11/19
15:19
11/19/19
15:19
Options
Alcon options imply 6.2% move in share price post-earnings »

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  • 20

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
11/19/19
11/19
15:17
11/19/19
15:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
11/19/19
11/19
15:16
11/19/19
15:16
Technical Analysis
NYSE market internals summary »

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INFN

Infinera

$6.63

-0.17 (-2.50%)

15:15
11/19/19
11/19
15:15
11/19/19
15:15
Options
Infinera put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 09

    Dec

HD

Home Depot

$226.30

-12.68 (-5.31%)

15:10
11/19/19
11/19
15:10
11/19/19
15:10
Recommendations
Home Depot analyst commentary  »

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  • 19

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URBN

Urban Outfitters

$28.49

-1.67 (-5.54%)

15:04
11/19/19
11/19
15:04
11/19/19
15:04
Options
Urban Outfitters options imply 18.0% move in share price post-earnings »

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CRON

Cronos Group

$6.87

0.74 (12.07%)

, MO

Altria Group

$47.20

-1.14 (-2.36%)

14:57
11/19/19
11/19
14:57
11/19/19
14:57
Periodicals
Altria Group filing points to increased Cronos stake, Canadian Insider says »

A post to the website…

CRON

Cronos Group

$6.87

0.74 (12.07%)

MO

Altria Group

$47.20

-1.14 (-2.36%)

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  • 30

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GRUB

GrubHub

$40.59

-0.42 (-1.02%)

, UBER

Uber

$27.06

0.3 (1.12%)

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GRUB

GrubHub

$40.59

-0.42 (-1.02%)

UBER

Uber

$27.06

0.3 (1.12%)

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BRY

Berry Petroleum

$10.23

-1.075 (-9.51%)

14:54
11/19/19
11/19
14:54
11/19/19
14:54
Recommendations
Berry Petroleum analyst commentary  »

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BRY

Berry Petroleum

$10.23

-1.075 (-9.51%)

, HAL

Halliburton

$19.94

-0.21 (-1.04%)

14:49
11/19/19
11/19
14:49
11/19/19
14:49
Periodicals
CA governor stops approval of new fracking pending review, L.A. Times says »

California Governor Gavin…

BRY

Berry Petroleum

$10.23

-1.075 (-9.51%)

HAL

Halliburton

$19.94

-0.21 (-1.04%)

BHGE

Ticker changed to BKR

$0.00

(0.00%)

CJ

C&J Energy Services

$0.00

(0.00%)

XOM

Exxon Mobil

$67.91

-0.6 (-0.88%)

CHK

Chesapeake

$0.56

-0.085 (-13.20%)

DVN

Devon Energy

$21.52

-0.44 (-2.00%)

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  • 21

    Jan

PAGS

PagSeguro Digital

$37.06

-0.79 (-2.09%)

14:49
11/19/19
11/19
14:49
11/19/19
14:49
Options
PagSeguro Digital options imply 12.0% move in share price post-earnings »

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  • 19

    Nov

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ET

Energy Transfer LP

$11.22

-0.105 (-0.93%)

14:45
11/19/19
11/19
14:45
11/19/19
14:45
Options
Energy Transfer call volume above normal and directionally bullish »

Bullish option flow…

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BHE

Benchmark Electronics

$33.59

-0.05 (-0.15%)

14:40
11/19/19
11/19
14:40
11/19/19
14:40
Downgrade
Benchmark Electronics rating change  »

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  • 09

    Dec

KSS

Kohl's

$47.23

-11.16 (-19.11%)

14:37
11/19/19
11/19
14:37
11/19/19
14:37
Downgrade
Kohl's rating change  »

Kohl's downgraded to…

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  • 19

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FB

Facebook

$199.49

2.04 (1.03%)

14:34
11/19/19
11/19
14:34
11/19/19
14:34
Periodicals
Facebook caters to young users with meme-making app Whale, Information says »

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  • 26

    Nov

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