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GE

General Electric

$10.38

0.4 (4.01%)

07:44
11/04/19
11/04
07:44
11/04/19
07:44

Investors may start looking at GE with bull case becoming clearer, says Barclays

General Electric's Q3 contained "no nasty surprises" from legacy liabilities along with "some clear signs of progress amidst the house-cleaning," Barclays analyst Julian Mitchell tells investors in a research note. The analyst believes this will likely cause more long-term investors to start to take a closer look at GE during the second year of CEO Larry Culp's tenure. With GE's free cash flow bull case becoming clearer, long-term investors may start to take a look, says Mitchell. The analyst keeps an Overweight rating on General Electric shares with a $12 price target. The stock closed Friday up 40c to $10.38.

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    Nov

  • 02

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  • 29

    Jan

GE General Electric
$10.38

0.4 (4.01%)

09/18/19
JPMS
09/18/19
NO CHANGE
JPMS
Underweight
JPMorgan's Tusa disagrees with narrative of better progress at GE Power
The stock narrative around GE power has shifted to optimism through a combination of a better first half on headline orders, along with management's recent raise of guidance, JPMorgan analyst Stephen Tusa tells investors in a research note. However, despite the "developing narrative," Tusa says there is no change to his view both from a long term secular standpoint as well as in the near term around GE-specific items. Booking orders headlines has never been an issue for GE in the past, says the analyst. It "should be easier to report improvement in cash and earnings when not restructuring and delivering loss leading products, for which an apparent slowing in start-ups of delivered turbines is a red flag around how smooth the fix to the blade issues is going," contends Tusa. The analyst disagrees with "prevailing notions of better than expected progress on a turnaround here" and he keeps an Underweight rating on General Electric.
10/04/19
JPMS
10/04/19
NO CHANGE
Target $5
JPMS
Underweight
Investors are underestimating the risks at GE Aviation, says JPMorgan's Tusa
Following an "in depth review of structural dynamics around the fundamentals and financials," JPMorgan analyst Stephen Tusa stands by his view that GE Aviation "offers materially less growth with greater risk, and therefore less value support, than consensus assumes." Headwinds from a decline in high margin spare engines and negative mix in aftermarket are being underappreciated, Tusa tells investors in a research note. Further, the analyst sees "less capital cushion than many assume" for GE Aviation. The Aviation balance sheet "seems too small" in the context of cash already booked to take on its share of debt and pension burden, which limits GE's strategic options, contends Tusa. While Aviation is not Power, investors "over-estimate the sustainability of growth while under-estimating risks," concludes the analyst. He keeps an Underweight rating on GE shares with a $5 price target. The stock closed Thursday up 20c to $8.71.
10/31/19
DBAB
10/31/19
NO CHANGE
Target $11
DBAB
Hold
General Electric price target raised to $11 from $9 at Deutsche Bank
Deutsche Bank analyst Nicole DeBlase raised her price target for General Electric to $11 from $9 saying the company's Q3 results had more positives than negatives. Although Power segment results disappointed, it was overshadowed by several key positives, including GE maintaining its full year earnings guidance despite a 5c per share headwind from the deconsolidation of Baker Hughes (BHGE). The company also raised full year Industrial free cash flow guidance by $1B, adds DeBlase. The analyst keeps a Hold rating on General Electric.
11/01/19
JPMS
11/01/19
NO CHANGE
Target $5
JPMS
Underweight
JPMorgan's Tusa says GE results don't change view, price target remains $5
JPMorgan analyst Stephen Tusa says there is no change to his view of General Electric coming away from the Q3 results. "At a simplified headline level, there was no smoking gun, though the underlying details show a situation that is far from low risk," Tusa tells investors in a post-earnings research note. The analyst points out that even at the high end of GE's new free cash flow range, or a base of 23c per share, its free cash flow yield is 2%. This suggests that "stability is already more than discounted," says Tusa, who keeps an Underweight rating on General Electric with a $5 price target. The stock closed Thursday down 13c to $9.98.

TODAY'S FREE FLY STORIES

DPLO

Diplomat Pharmacy

$3.96

-1.865 (-32.04%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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SERV

ServiceMaster

$39.05

-0.64 (-1.61%)

11:16
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$NYE

NYSE Market Internals

$0.00

(0.00%)

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W

Wayfair

$86.82

1.85 (2.18%)

11:15
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Options
Wayfair put volume heavy and directionally bearish »

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CHMA

Chiasma

$5.29

0.02 (0.38%)

11:15
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FARM

Farmer Bros.

$15.48

0.11 (0.72%)

11:12
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  • 10

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OC

Owens Corning

$65.69

-0.81 (-1.22%)

11:07
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11:07
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11:07
Conference/Events
Owens Corning management to meet with JPMorgan »

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  • 10

    Dec

SOX

PHLX Semiconductor Sector Index

$0.00

(0.00%)

, QRVO

Qorvo

$109.99

3.31 (3.10%)

11:06
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On The Fly
Two double upgrades of chipmakers top today's list of notable Wall Street calls »

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SOX

PHLX Semiconductor Sector Index

$0.00

(0.00%)

QRVO

Qorvo

$109.99

3.31 (3.10%)

SWKS

Skyworks

$103.95

2.55 (2.51%)

KRA

Kraton

$23.93

0.89 (3.86%)

DOW

Dow Inc.

$53.32

0.07 (0.13%)

MMM

3M

$170.52

-0.97 (-0.57%)

FTV

Fortive

$74.57

1.71 (2.35%)

M

Macy's

$15.36

0.21 (1.39%)

CVX

Chevron

$117.63

-0.35 (-0.30%)

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  • 09

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CNQ

Canadian Natural

$29.38

0.04 (0.14%)

11:05
12/09/19
12/09
11:05
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11:05
Conference/Events
Canadian Natural management to meet with JPMorgan »

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  • 10

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    Dec

CLF

Cleveland-Cliffs

$8.56

0.425 (5.22%)

11:05
12/09/19
12/09
11:05
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11:05
Options
Cleveland-Cliffs call volume above normal and directionally bullish »

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APTO

Aptose Biosciences

$3.70

1.15 (45.10%)

11:04
12/09/19
12/09
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11:04
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Aptose Biosciences presents new preclinical CG-806 data at ASH meeting »

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APRE

Aprea Therapeutics

$29.97

3.77 (14.39%)

11:03
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Aprea Therapeutics reports 88% ORR in Phase 1b/II APR-246, azacitidine trial »

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  • 09

    Dec

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    Dec

EHTH

eHealth

$91.23

1.14 (1.27%)

, WK

Workiva

$43.76

0.07 (0.16%)

11:03
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Recommendations
The 21 smaller cap stocks SunTrust sees rallying over 20% in 2020 »

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EHTH

eHealth

$91.23

1.14 (1.27%)

WK

Workiva

$43.76

0.07 (0.16%)

WIX

Wix.com

$120.90

1.02 (0.85%)

SAIL

SailPoint

$23.99

-0.32 (-1.32%)

EEFT

Euronet

$156.70

-0.84 (-0.53%)

SFIX

Stitch Fix

$24.87

0.74 (3.07%)

WGO

Winnebago

$47.83

-0.585 (-1.21%)

NWL

Newell Brands

$19.09

0.03 (0.16%)

ERI

Eldorado Resorts

$53.21

-0.35 (-0.65%)

VAC

Marriott Vacations

$123.69

-0.18 (-0.15%)

PTCT

PTC Therapeutics

$49.03

-0.14 (-0.28%)

MNTA

Momenta

$17.94

-0.09 (-0.50%)

BDSI

BioDelivery Sciences

$6.39

-0.035 (-0.54%)

AXSM

Axsome Therapeutics

$44.40

-1.09 (-2.40%)

HDS

HD Supply

$40.24

0.32 (0.80%)

HUN

Huntsman

$23.18

0.35 (1.53%)

TRGP

Targa Resources

$35.95

0.125 (0.35%)

PDCE

PDC Energy

$23.36

0.16 (0.69%)

PE

Parsley Energy

$16.11

-0.11 (-0.68%)

ECPG

Encore Capital

$36.76

-0.09 (-0.24%)

FHN

First Horizon

$16.14

0.14 (0.88%)

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  • 09

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  • 24

    May

VIAC

ViacomCBS

$39.86

0.16 (0.40%)

11:03
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ViacomCBS joins OpenAP »

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TCOM

Trip.com Group

$32.32

-0.56 (-1.70%)

11:02
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Conference/Events
Trip.com Group management to meet with JPMorgan »

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  • 09

    Dec

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STT

State Street

$77.50

0.46 (0.60%)

, DEO

Diageo

$162.05

(0.00%)

11:02
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Hot Stocks
State Street names Brian Franz as chief information officer »

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STT

State Street

$77.50

0.46 (0.60%)

DEO

Diageo

$162.05

(0.00%)

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  • 26

    Feb

THOR

Synthorx

$67.39

42.41 (169.78%)

11:00
12/09/19
12/09
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Downgrade
Synthorx rating change  »

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BOLD

Audentes Therapeutics

$59.25

0.01 (0.02%)

10:59
12/09/19
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Downgrade
Audentes Therapeutics rating change  »

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ITCI

Intra-Cellular

$11.05

0.85 (8.33%)

10:55
12/09/19
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10:55
Options
Intra Cellular Therapies put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 27

    Dec

CP

Canadian Pacific

$243.62

-1.86 (-0.76%)

10:52
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Periodicals
Canadian Pacific crude train catches fire after derailing, Reuters reports »

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