Breaking News Instant updates and real-time market news.

BHGE

Baker Hughes

$23.20

-0.99 (-4.09%)

, GE

General Electric

$9.15

0.21 (2.35%)

07:06
09/11/19
09/11
07:06
09/11/19
07:06

GE shrinking ownership positive news for Baker Hughes, says Stifel

Stifel analyst Stephen Gengaro noted that General Electric (GE) will cut its ownership stake in Baker Hughes (BHGE) to about 39.5% from 50.3% via Baker Hughes' repurchase of $250M of its Class B common stock and GE's secondary offering of 105M Class A shares. While he said Baker Hughes shares could weaken on the offering, Gengaro views this as positive news for the company, calling it a positive step towards removing the overhang of GE's ownership. He reiterated a Buy rating and $34 price target on Baker Hughes shares.

BHGE

Baker Hughes

$23.20

-0.99 (-4.09%)

GE

General Electric

$9.15

0.21 (2.35%)

  • 11

    Sep

  • 30

    Oct

  • 12

    Sep

BHGE Baker Hughes
$23.20

-0.99 (-4.09%)

03/15/19
JEFF
03/15/19
NO CHANGE
JEFF
Jefferies downgrades three, upgrades three in Oil Services & Equipment
Jefferies analyst Brad Handler made a handful of rating changes in Oil Services & Equipment. "The harder we look at OFS, the more modest the growth prospects seem," Handler tells investors in a research note. This supports a neutral sector view and favors stock picking, adds the analyst. He downgraded Schlumberger (SLB) to Hold from Buy following the stock's recovery as well as both Helmerich & Payne (HP) and Precision Drilling (PDS) to Hold from Buy on a flat U.S. rig count outlook. Handler also upgraded Oceaneering International (OII) to Buy from Hold citing more confidence in deepwater and a "reasonable" valuation, upgraded Keane Group (FRAC) to Buy from Hold on easing pricing pressure and optionality to put fleets back to work, and upgraded Superior Energy Services to Hold from Underperform. Handler's top picks are Baker Hughes (BHGE), Patterson-UTI (PTEN) and Keane Group. The latter two replace Helmerich & Payne and Apergy (APY).
05/01/19
RBCM
05/01/19
NO CHANGE
Target $33
RBCM
Outperform
Baker Hughes price target lowered to $33 from $40 at RBC Capital
RBC Capital analyst Kurt Hallead lowered his price target on Baker Hughes to $33, adjusting the time frame for average forward multiple in his model to late 2017 from mid-2014 since that was the first combined reporting period for the company. The analyst is also keeping his Outperform rating on Baker Hughes and remains positive on its "multiple levers of growth" amid "robust" LNG equipment demand trends.
06/06/19
JEFF
06/06/19
NO CHANGE
Target $32
JEFF
Buy
Baker Hughes remains a top large-cap pick at Jefferies
Jefferies analyst Brad Handler says Baker Hughes remains his top large-cap pick. The company's Middle East growth should benefit from recent awards and the ADNOC partnership, Handler tells investors in a research note. The analyst finds the shares "very attractive" post the selloff in the group. He keeps a Buy rating on Baker Hughes with a $32 price target.
08/28/19
BOFA
08/28/19
DOWNGRADE
BOFA
Neutral
Nabors, Quintana Energy Services, Nine Energy cut to Neutral at BofA/Merrill
BofA/Merrill analyst Chase Mulvehill downgraded Nabors (NBR), Quintana Energy Services (QES), and Nine Energy Services (NINE) to Neutral from Buy in a broader research note, saying E&P companies are increasingly focused on efficiency gains. The analyst notes however that the technology adoption and service integration are still in the "early innings" of reducing capital intensity. Mulvehill adds that the rating change for these U.S. companies is driven by heightened global macro uncertainty and the resulting oil price volatility, stating that he prefers names with international exposure like Schlumberger (SLB) and Baker Hughes (BHGE).
GE General Electric
$9.15

0.21 (2.35%)

09/03/19
DBAB
09/03/19
NO CHANGE
DBAB
Hold
GE fraud report fails to make compelling argument, says Deutsche Bank
Harry Markopolos' presentation on why he believes General Electric is headed toward bankruptcy fails to make a compelling argument, Deutsche Bank analyst Nicole DeBlase tells investors in a research note. Despite obvious headwinds in the company's "messy" long-term care insurance business, the logic put forth in the presentation "appears largely poorly reasoned," says the analyst. She believes Markopolos mismatched accounting treatments and made comparisons based on data sets too small from which to draw conclusions. "Our aim was to complete an analysis of this broadside, but we find some of its arguments to be weak while others are plainly incorrect," writes DeBlase. The analyst admits, "We find ourselves in the unenviable position of having to defend the reserve adequacy of a business about whose future claim projections we have very deep concerns." She has, and keeps, a Hold rating on shares of General Electric.
09/04/19
SBSH
09/04/19
NO CHANGE
SBSH
Buy
GE making 'meaningful progress' on simplifying company, says Citi
Following a recent breakfast with management, including CEO Larry Culp, Citi analyst Andrew Kaplowitz remains encouraged by General Electric's "positive momentum," despite "still considerable improvements needed." In the near-term, GE's 2019 framework of negative $1B to positive $1B free cash flow and earnings per share of 55c-65c seems largely intact, "albeit with some risks to monitor," especially relative to elevated U.S.-China trade tensions, Kaplowitz tells investors in a research note. The analyst, however, believes simplifying the company remains a high priority and one on he thinks "meaningful progress is underway." Further, longer-term, GE's runway for improving results in 2020 and beyond "could be more significant than we think some investors appreciate," says the analyst. He keeps a Buy rating on shares of General Electric.
09/05/19
MSCO
09/05/19
INITIATION
Target $10
MSCO
Equal Weight
General Electric initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski initiated coverage of General Electric with an Equal Weight rating and $10 price target. The stock's risk/reward "appears reasonable," but comes with an "unfavorable catalyst timing" and unresolved risks outside the core business, particularly in Long-Term Care, Pokrzywinski tells investors in a research note. He believes the GE's "reasonable" valuation and strength in its Aviation platform are offset by "opaque potential cash needs" in Long-Term Care and the long-term market and share potential in Power as competition evolves. Most of the uncertainty in the shares resides outside the core business, making GE less of a fundamental call, says the analyst.
09/05/19
09/05/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. General Electric (GE) initiated with an Equal Weight at Morgan Stanley. 2. Organigram (OGI) initiated with a Perform at Oppenheimer. 3. Wingstop (WING) initiated with a Market Perform at Raymond James. 4. Boston Scientific (BSX) reinstated with an Overweight at JPMorgan. 5. Cubic (CUB) initiated with a Hold at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$121.52

0.795 (0.66%)

13:25
09/23/19
09/23
13:25
09/23/19
13:25
Options
Spotify call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Sep

AMD

AMD

$30.62

0.58 (1.93%)

13:24
09/23/19
09/23
13:24
09/23/19
13:24
Hot Stocks
AMD up 2% to $30.64 in afternoon trading »

At time of writing, AMD…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
09/23/19
09/23
13:17
09/23/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
09/23/19
09/23
13:16
09/23/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:15
09/23/19
09/23
13:15
09/23/19
13:15
General news
Fed's Bullard said the Committee might opt to ease again »

Fed's Bullard said…

NVO

Novo Nordisk

$53.06

0.11 (0.21%)

13:05
09/23/19
09/23
13:05
09/23/19
13:05
Options
Novo Nordisk call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Sep

  • 25

    Sep

IPHI

Inphi

$60.80

-2.69 (-4.24%)

, AMZN

Amazon.com

$1,789.48

-4.16 (-0.23%)

12:59
09/23/19
09/23
12:59
09/23/19
12:59
Recommendations
Inphi drops after Northland sees 'large cut' to Amazon 400G rollout plans »

Northland analyst Tim…

IPHI

Inphi

$60.80

-2.69 (-4.24%)

AMZN

Amazon.com

$1,789.48

-4.16 (-0.23%)

CSCO

Cisco

$49.59

(0.00%)

ACIA

Acacia Communications

$64.58

-0.04 (-0.06%)

LITE

Lumentum

$57.55

-1.28 (-2.18%)

NPTN

NeoPhotonics

$6.24

-0.03 (-0.48%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Sep

  • 23

    Sep

  • 26

    Sep

  • 10

    Oct

  • 27

    Oct

  • 13

    Nov

HUYA

Huya

$27.43

-0.47 (-1.68%)

12:55
09/23/19
09/23
12:55
09/23/19
12:55
Options
HUYA put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NLY

Annaly Capital

$9.02

0.06 (0.67%)

12:45
09/23/19
09/23
12:45
09/23/19
12:45
Options
Annaly Capital call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TRT

Trio-Tech

$3.79

0.08 (2.16%)

12:45
09/23/19
09/23
12:45
09/23/19
12:45
Hot Stocks
Breaking Hot Stocks news story on Trio-Tech »

Trio Tech International…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:45
09/23/19
09/23
12:45
09/23/19
12:45
General news
Breaking General news story  »

St. Louis Federal Reserve…

IPHI

Inphi

$61.21

-2.28 (-3.59%)

12:43
09/23/19
09/23
12:43
09/23/19
12:43
Recommendations
Inphi analyst commentary  »

Inphi mentioned…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TRT

Trio-Tech

$3.79

0.08 (2.16%)

12:41
09/23/19
09/23
12:41
09/23/19
12:41
Earnings
Trio-Tech reports Q4 EPS 12c vs. 17c last year »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BA

Boeing

$377.77

-1.56 (-0.41%)

, ERJ

Embraer

$18.27

-0.46 (-2.46%)

12:37
09/23/19
09/23
12:37
09/23/19
12:37
Periodicals
Boeing bid of Embraer unit faces EU antitrust probe, Reuters reports »

The European Union's…

BA

Boeing

$377.77

-1.56 (-0.41%)

ERJ

Embraer

$18.27

-0.46 (-2.46%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Oct

OBAS

Optibase

$12.50

(0.00%)

12:36
09/23/19
09/23
12:36
09/23/19
12:36
Hot Stocks
Optibase: Appeal filed against court decision to deny motion to approve claim »

Optibase announces that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LLY

Eli Lilly

$114.56

-1.6 (-1.38%)

12:35
09/23/19
09/23
12:35
09/23/19
12:35
Options
Eli Lilly put volume heavy and directionally bearish »

Bearish flow noted in Eli…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Sep

  • 27

    Sep

  • 02

    Oct

  • 02

    Oct

  • 02

    Oct

  • 23

    Oct

AEM

Agnico Eagle

$59.23

1.02 (1.75%)

12:32
09/23/19
09/23
12:32
09/23/19
12:32
Conference/Events
Agnico Eagle management to meet with RBC Capital »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 25

    Sep

  • 24

    Oct

TRT

Trio-Tech

$3.79

0.08 (2.16%)

12:26
09/23/19
09/23
12:26
09/23/19
12:26
Hot Stocks
Breaking Hot Stocks news story on Trio-Tech »

Trio Tech International…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CDE

Coeur Mining

$5.65

0.38 (7.21%)

12:25
09/23/19
09/23
12:25
09/23/19
12:25
Options
Coeur Mining call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:20
09/23/19
09/23
12:20
09/23/19
12:20
General news
A Firming Pattern for U.S. Producer Sentiment: »

A Firming Pattern for…

PSTV

Plus Therapeutics

$11.00

3.04 (38.19%)

12:17
09/23/19
09/23
12:17
09/23/19
12:17
Syndicate
Plus Therapeutics 3M unit offering priced at $5 per unit »

Plus Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
09/23/19
09/23
12:17
09/23/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
09/23/19
09/23
12:16
09/23/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BYSI

BeyondSpring

$18.78

0.92 (5.15%)

12:15
09/23/19
09/23
12:15
09/23/19
12:15
Hot Stocks
BeyondSpring to present Pegfilgrastim data at ESMO Congress »

BeyondSpring announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

  • 26

    Sep

  • 27

    Sep

AZO

AutoZone

$1,160.25

-0.13 (-0.01%)

, KMX

CarMax

$86.63

1.95 (2.30%)

12:15
09/23/19
09/23
12:15
09/23/19
12:15
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

AZO

AutoZone

$1,160.25

-0.13 (-0.01%)

KMX

CarMax

$86.63

1.95 (2.30%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 24

    Sep

  • 28

    Sep

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.