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GE

General Electric

$9.42

0.02 (0.21%)

11:50
09/12/19
09/12
11:50
09/12/19
11:50

General Electric sets tender offers for up to $5B of existing debt

GE announced earlier its offers to purchase for cash: up to $2.5M aggregate purchase price of its U.S. Dollar-Denominated Debt Securities; and up to $2.5M aggregate purchase price of its Euro-Denominated Debt Securities. GE said the offers represents the next step in GE's stated strategy to strengthen the balance sheet and achieve GE Industrial leverage target of less than2.5X Net Debt / EBITDA. GE said it continues to evaluate potential deleveraging actions including but not limited to pension funding and intercompany loan repayment from GE to GE Capital and its related third-party debt.

  • 12

    Sep

  • 30

    Oct

GE General Electric
$9.42

0.02 (0.21%)

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.
09/11/19
STFL
09/11/19
NO CHANGE
Target $34
STFL
Buy
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.

TODAY'S FREE FLY STORIES

ATGE

Adtalem Global Education

$35.63

-0.205 (-0.57%)

11:57
10/15/19
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11:57
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AKAM

Akamai

$91.36

1.48 (1.65%)

11:51
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11:51
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Akamai announces 'enhancements,' new features for Edge Platform »

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GD

General Dynamics

$179.33

0.16 (0.09%)

11:47
10/15/19
10/15
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11:47
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General Dynamics' Gulfstream G500 earns European certification »

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11:47
10/15/19
10/15
11:47
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11:47
Conference/Events
Wolfe Research tech strategist to hold a webcast »

Tech Strategist…

QCOM

Qualcomm

$77.55

1.26 (1.65%)

, MSFT

Microsoft

$141.46

1.92 (1.38%)

11:46
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10/15
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11:46
Hot Stocks
Qualcomm developing chip preconfigured with the Azure Sphere for IoT »

Qualcomm (QCOM)…

QCOM

Qualcomm

$77.55

1.26 (1.65%)

MSFT

Microsoft

$141.46

1.92 (1.38%)

03/08/13
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BC

Brunswick

$54.42

0.715 (1.33%)

11:45
10/15/19
10/15
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Hot Stocks
Brunswick boosts quarterly dividend 14% »

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  • 24

    Oct

11:37
10/15/19
10/15
11:37
10/15/19
11:37
General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

11:37
10/15/19
10/15
11:37
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11:37
General news
6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

WFC

Wells Fargo

$49.76

0.46 (0.93%)

11:36
10/15/19
10/15
11:36
10/15/19
11:36
Earnings
Wells Fargo CFO sees FY20 NII down low to mid-single-digits »

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  • 15

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WMT

Walmart

$119.13

0.01 (0.01%)

11:36
10/15/19
10/15
11:36
10/15/19
11:36
Hot Stocks
Walmart InHome Delivery launches in Kansas City, Pittsburgh and Vero Beach »

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  • 13

    Nov

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    Nov

ATVI

Activision Blizzard

$54.66

-0.34 (-0.62%)

, NTDOY

Nintendo

$0.00

(0.00%)

11:32
10/15/19
10/15
11:32
10/15/19
11:32
Hot Stocks
Blizzard cancels 'Overwatch' event at Nintendo store in NYC »

A previously announced…

ATVI

Activision Blizzard

$54.66

-0.34 (-0.62%)

NTDOY

Nintendo

$0.00

(0.00%)

03/08/13
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  • 18

    Oct

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ENPH

Enphase Energy

$23.90

-0.85 (-3.43%)

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Options
Enphase Energy call volume above normal and directionally bullish »

Bullish option flow…

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  • 29

    Oct

11:25
10/15/19
10/15
11:25
10/15/19
11:25
General news
Treasury announced a $95 B in 4- and 8-week bills for Thursday »

Treasury announced a $95…

11:25
10/15/19
10/15
11:25
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11:25
Conference/Events
Benchmark Internet analyst to hold an analyst/industry conference call »

Internet & Digital…

MIME

Mimecast

$39.48

0.53 (1.36%)

, SPLK

Splunk

$121.10

1.43 (1.20%)

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Conference/Events
FBN Securities network security/IT security to hold a luncheon meeting »

Analysts hold a group…

MIME

Mimecast

$39.48

0.53 (1.36%)

SPLK

Splunk

$121.10

1.43 (1.20%)

SAIL

SailPoint

$18.48

0.1 (0.54%)

CHKP

Check Point

$109.73

0.95 (0.87%)

PFPT

Proofpoint

$130.69

1.035 (0.80%)

ZS

Zscaler

$47.50

-0.04 (-0.08%)

FTNT

Fortinet

$79.42

0.17 (0.21%)

PANW

Palo Alto Networks

$213.94

0.29 (0.14%)

BOX

Box

$16.89

0.11 (0.66%)

FEYE

FireEye

$15.03

0.035 (0.23%)

CYBR

CyberArk

$105.00

1.87 (1.81%)

SYMC

Symantec

$23.62

0.195 (0.83%)

FSCT

ForeScout

$25.86

0.29 (1.13%)

03/08/13
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    Dec

11:25
10/15/19
10/15
11:25
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Conference/Events
Wolfe Research energy analysts to hold an analyst/industry luncheon »

Energy E&P Analyst…

PDFS

PDF Solutions

$13.14

0.145 (1.12%)

11:25
10/15/19
10/15
11:25
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11:25
Conference/Events
PDF Solutions to host analyst day »

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  • 15

    Oct

11:25
10/15/19
10/15
11:25
10/15/19
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Conference/Events
UBS leisure, gaming & lodging analyst to hold a luncheon »

Leisure, Gaming &…

AMBA

Ambarella

$55.42

2.31 (4.35%)

11:23
10/15/19
10/15
11:23
10/15/19
11:23
On The Fly
Ambarella rises after saying customers' blacklisting shouldn't hurt results »

Shares of Ambarella…

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  • 18

    Oct

GS

Goldman Sachs

$202.74

-3.07 (-1.49%)

, WE

We Company

$0.00

(0.00%)

11:20
10/15/19
10/15
11:20
10/15/19
11:20
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs, We Company »

Goldman Sachs says…

GS

Goldman Sachs

$202.74

-3.07 (-1.49%)

WE

We Company

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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  • 15

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DXCM

DexCom

$150.26

-9.94 (-6.20%)

, TNDM

TNDM

11:20
10/15/19
10/15
11:20
10/15/19
11:20
Recommendations
DexCom, TNDM, Abbott analyst commentary  »

DexCom should be bought…

DXCM

DexCom

$150.26

-9.94 (-6.20%)

TNDM

TNDM

ABT

Abbott

$81.98

2.17 (2.72%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 16

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  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
10/15/19
10/15
11:17
10/15/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
10/15/19
10/15
11:16
10/15/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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YUM

Yum! Brands

$112.10

-0.73 (-0.65%)

11:16
10/15/19
10/15
11:16
10/15/19
11:16
Periodicals
Taco Bell seasoned beef recalled over metal contamination concerns, CNN says »

About 2M pounds of…

03/08/13
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  • 29

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11:15
10/15/19
10/15
11:15
10/15/19
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

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