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Fly News Breaks for November 1, 2017
Nov 1, 2017 | 05:51 EDT
JPMorgan analyst C. Stephen Tusa cut his December 2018 price target for shares of General Electric to $17 from $19 ahead of the company's investor meeting on November 13. The stock closed yesterday down 25c to $20.16. To reflect lower Power profit assumptions and higher accounting change headwinds, the analyst reduced his 2018 earnings per share estimate to $1.05 from $1.15 and 2019 estimate to $1.15 from $1.25. Tusa keeps an Underweight rating on shares of GE.
News For GE From the Last 2 Days
Jun 18, 2019 | 05:59 EDT
GE Aviation booked $24B in orders for engines and services on the first day of the Paris Air Show, including the largest engine order ever with Indigo Airlines, which placed a $20B order for CFM International LEAP-1A engines. CNBC's Phil LaBeau reports. "We're looking at $35B in new business, engines and services and I'm telling you that's conservative," GE Aviation CEO David Joyce told CNBC at the Paris Air Show. "If things go our way this week we could see ourselves going north of that by a reasonable number." Reference Link
Jun 17, 2019 | 07:30 EDT
Notable put activity was cited Friday in General Electric (GE) and Western Union (WU).
Jun 17, 2019 | 06:21 EDT
GE Aviation (GE) CEO David Joyce says unexpected wear has been found in a part for its new GE9X engine for the new Boeing (BA) 777X passenger plane, forcing a delay of several months while it redesigns and tests the part, Reuters' Tim Hepher reports. Joyce told the Paris Air Show that "There is a (stationary) component in the front of the compressor which is wearing prematurely." GE expects the first flight of the 777x to occur this year, he says. Reference Link