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GE

General Electric

$8.78

0.055 (0.63%)

19:46
01/24/19
01/24
19:46
01/24/19
19:46

General Electric considering strategic options for GE Ventures, Bloomberg says

  • 31

    Jan

GE General Electric
$8.78

0.055 (0.63%)

01/24/19
JPMS
01/24/19
NO CHANGE
Target $6
JPMS
Neutral
General Electric shares outperforming on no tangible news, says JPMorgan
Shares of General Electric have continued to outperform in 2019 "on hope for a recovery underpinned by almost no hard data or tangible new news," JPMorgan analyst Stephen Tusa tells investors in a research note titled "GE YTD Outperformance: A Show About Nothing...For Now." The analyst, however, believes the investment case "should become clearer" within the next week as the company's earnings "will provide some necessary direction with tangible numbers and potential clarity around portfolio/balance sheet strategy." He believes, though, that GE's portfolio strategy will be more dilutive than most assume, "as some credit and equity analysts continue to claim the same asset value." Tusa keeps a Neutral rating on General Electric shares with a $6 price target.
01/15/19
JPMS
01/15/19
NO CHANGE
JPMS
Neutral
GE risk/reward unfavorable into Q4 report, says JPMorgan's Tusa
JPMorgan analyst Stephen Tusa says the risk/reward on shares of General Electric (GE) is unfavorable into the company's Q4 earnings report. GE shares have bounced over the last month, outperforming the group by over 3,000 basis points, Tusa writes in a research note previewing earnings reports for the group. He believes the recent stock move "is built upon an expectation of more certainty in the path forward." Tusa thinks the focus on the earnings call should turn back to fundamentals, where he continues to see "disconnect with high level analyses from those who apparently ignore the mechanical headwinds from dilutive asset sales, a key aspect as to why FCF remains so weak." The call will "reinforce the Bear case that there is no concrete silver bullet plan, and much remains fluid, also negative," Tusa contends. He recommends Honeywell (HON) and Emerson Electric (EMR) as longs into the quarter and tells investors to avoid Johnson Controls (JCI), 3M (MMM) and Rockwell Automation (ROK). Tusa has a Neutral rating on General Electric.
01/14/19
WBLR
01/14/19
NO CHANGE
WBLR
Outperform
GE risk profile to 'significantly improve' with asset sales, says William Blair
William Blair analyst Nicholas Heymann senses that the prospects are rising for a "possible material expansion" of the sale of non-core General Electric businesses versus the company's original earlier plans last updated in June 2018. GE's risk profile is likely to "significantly improve" as uncertainties regarding its financial leverage, litigation and government investigations, unfunded liabilities, and operational turnaround plans for Power are likely to emerge over the next few months, Heymann tells investors in a research note partially titled "End of Apocalypse Scenarios Now at Hand." Specifically, the analyst sees a rising likelihood that GE may accelerate the timing and size of its original plans for the initial public offering of GE Healthcare. Further, the prospects for GE Commercial Aviation Service to be sold at or above book value are also rising while the non-core 20% of GE Digital recently recast into a separate business could lead to it being monetized, says the analyst. Collectively, Heymann estimate the potential monetization of these two new asset sales, along with a larger Healthcare IPO sooner than originally envisioned, could enhance GE's liquidity by as much as about $50B-$55B, beyond the company's previously disclosed June 2018 corporate transformation plan. The analyst, however, believes GE's free cash flow will remain "significantly challenged" throughout 2019 while it works to resurrect Power's profitability by right-sizing its global fossil turbine production capacity. He maintains an Outperform rating on General Electric.
01/07/19
JPMS
01/07/19
NO CHANGE
Target $6
JPMS
Neutral
JPMorgan sees GE providing something 'more tangible' soon, keeps $6 target
JPMorgan analyst Stephen Tusa says his conversations with clients continue to be dominated by the debate around General Electric's liabilities. The analyst has seen nothing to change his view that $100B of net liabilities and zero enterprise free cash flow is the problem facing management and the right construct when thinking about how to get the story back to "normal" from an equity value standpoint. We are likely approaching the time where GE will provide something "more tangible, perhaps shrinking the balance sheet," Tusa tells investors in a research note. However, related dilution, combined with a full "cleanse" of the accounting structure, should result in a "substantially lower run rate fundamental anchor than many appreciate," says Tusa. He keeps a Neutral rating on GE shares with a $6 price target. The analyst believes Bloomberg's report of Apollo interest in GE's jet leasing business is "not enough value to change" the company's "leverage problem," which he says is "punctuated" by the "collapse in lessor peer multiples."

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PXD

Pioneer Natural

$138.59

2.9 (2.14%)

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Exxon Mobil

$81.08

0.92 (1.15%)

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Exxon Mobil

$81.08

0.92 (1.15%)

CVX

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Booking Holdings

$1,756.46

4.72 (0.27%)

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Worldpay

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O

Realty Income

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-0.22 (-0.31%)

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Teligent

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-0.11 (-7.86%)

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ENPH

Enphase Energy

$9.67

0.61 (6.73%)

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ZUO

Zuora

$23.08

-0.33 (-1.41%)

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ARGO

Argo Group

$68.09

-0.2 (-0.29%)

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TUSK

Mammoth Energy

$18.24

0.31 (1.73%)

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  • 22

    May

UROV

Urovant Sciences

$14.06

0.07 (0.50%)

05:40
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05:40
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05:40
Conference/Events
Urovant Sciences to host conference call »

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  • 19

    Mar

NFLX

Netflix

$363.27

1.64 (0.45%)

, AAPL

Apple

$188.03

1.83 (0.98%)

05:40
03/19/19
03/19
05:40
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05:40
Periodicals
Netflix not a tech company, and won't be on Apple video, CEO tells Recode »

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NFLX

Netflix

$363.27

1.64 (0.45%)

AAPL

Apple

$188.03

1.83 (0.98%)

DIS

Disney

$113.07

-1.89 (-1.64%)

03/08/13
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  • 11

    Apr

RHHBY

Roche

$0.00

(0.00%)

05:16
03/19/19
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05:16
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05:16
Hot Stocks
Roche announces FDA approval of Tecentriq with chemotherapy for lung cancer »

Roche announced that the…

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  • 04

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  • 04

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General news
FX Action: USD-CAD has remained steady-but-heavy »

FX Action: USD-CAD has…

ALGN

Align Technology

$253.83

1.51 (0.60%)

05:09
03/19/19
03/19
05:09
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05:09
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Align Technology analyst commentary  »

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MGMB

MGM Holdings

$0.00

(0.00%)

, MGM.B

MGM Holdings

$0.00

(0.00%)

05:03
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MGM Holdings, MGM Holdings analyst commentary at Imperial Capital »

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MGMB

MGM Holdings

$0.00

(0.00%)

MGM.B

MGM Holdings

$0.00

(0.00%)

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CWH

Camping World

$13.45

-0.07 (-0.52%)

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Breaking General news story  »

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NOAH

Noah Holdings

$46.87

0.5 (1.08%)

04:55
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04:55
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04:55
Conference/Events
Noah Holdings management to meet with JPMorgan »

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04:55
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AHT

Ashford Hospitality

$4.81

0.09 (1.91%)

04:55
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04:55
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Conference/Events
Ashford Hospitality management to meet with B. Riley FBR »

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  • 19

    Mar

ALDR

Alder Biopharmaceuticals

$13.72

0.21 (1.55%)

04:55
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Conference/Events
Alder Biopharmaceuticals management to meet with SVB Leerink »

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  • 19

    Mar

JMP

JMP Group

$3.86

-0.085 (-2.15%)

04:55
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Conference/Events
JMP Group management to meet with Barrington »

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  • 19

    Mar

ANDE

Andersons

$34.32

-0.26 (-0.75%)

04:55
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Conference/Events
Andersons management to meet with Buckingham »

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  • 19

    Mar

  • 07

    May

MKTX

MarketAxess

$237.77

4.27 (1.83%)

04:55
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04:55
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MarketAxess management to meet with Buckingham »

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  • 19

    Mar

MGA

Magna

$49.29

0.45 (0.92%)

04:55
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04:55
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Magna management to meet with JPMorgan »

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  • 19

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