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General Electric Analyst Downplays SEC Threat, Shareholder Lawsuits A 'Concern'
Wednesday, October 7, 2020 - 12:20pm | 440Read More...General Electric Company (NYSE: GE) shares dropped 3.9% on Tuesday after the company disclosed it received a “Wells notice” from the Securities and Exchange Commission notifying the company the SEC is considering civil action against GE. On Wednesday, one analyst said the...
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General Electric Analyst Targets $1.5B In Industrial FCF In 2021
Thursday, September 17, 2020 - 10:11am | 453Read More...Just when it looked like management had finally gotten things back on track, the pandemic has made 2020 another difficult year for General Electric Company (NYSE: GE) and its investors. Fortunately, one Wall Street analyst says that while GE is taking a big earnings hit, it has several...
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General Electric Analyst Says New CEO Contract A 'Benefit For GE Shares'
Friday, August 21, 2020 - 1:40pm | 449Read More...General Electric Company (NYSE: GE) shares traded slightly lower on Friday after the company extended the contract of CEO Larry Culp through 2024. One Wall Street analyst said Culp’s new contract eliminates one uncertainty for GE investors, and Culp’s turnaround efforts were...
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BofA Initiates Vertiv At Buy On Potential For Margin Expansion
Thursday, August 20, 2020 - 10:20am | 270Read More...Although Vertiv Holdings Co’s (NYSE: VRT) shares may remain volatile in the near term due to uncertainties caused by order and shipment timing, the company has several levers to drive margin expansion, according to BofA Securities. The Vertiv Analyst: Andrew Obin initiated coverage of Vertiv...
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Write-Downs At General Electric's Aviation Division Are Manageable, Says Bullish Analyst
Monday, June 15, 2020 - 12:56pm | 345Read More...Although General Electric Company’s (NYSE: GE) Capital Aviation Services segment, while not immune to COVID-19 headwinds, has a strong and resilient business model, according to BofA Securities. The General Electric Analyst: BofA’s Andrew Obin maintained a Buy rating on ...
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2020 May Be Another Lost Year For General Electric, But BofA Is Still Bullish
Friday, May 29, 2020 - 10:00am | 482Read More...It’s been another difficult year for General Electric Company (NYSE: GE) investors, with the stock down another 40.7% year to date to under $7. One Wall Street analyst said GE’s 2020 sell-off is a buying opportunity for long-term investors, but they should keep their near-term free cash...
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While GE's Q1 Print Reflects Coronavirus Impact, BofA Applauds Actions Taken To Preserve Liquidity
Wednesday, April 29, 2020 - 10:41am | 354Read More...General Electric Company (NYSE: GE) reported first-quarter earnings Wednesday that fell short of Street expectations. Although the coronavirus pandemic affected the quarterly results and has impaired visibility, the company's steps to strengthen the balance sheet are encouraging, according...
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Revisiting Harry Markopolos' Call That 'GE Is One Recession Away From Chapter 11'
Monday, March 30, 2020 - 2:06pm | 558Read More...Seven months after Bernie Madoff whistleblower Harry Markopolos said General Electric Company (NYSE: GE) would not survive the next U.S. recession, the coronavirus (COVID-19) pandemic has provided a chance to test that thesis. The GE Allegations Back in August 2019, Markopolos released a 175-page...
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Wall Street Weighs In On General Electric's Investor Call, Coronavirus Impact
Thursday, March 5, 2020 - 11:00am | 557Read More...On Wednesday, General Electric Company (NYSE: GE) held an investor call to update shareholders on its financial outlook. GE management said the coronavirus outbreak will reduce first-quarter industrial free cash flow by between $300 million and $500 million and operating income by between $200...
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3 Takeaways From General Electric's 10K
Wednesday, February 26, 2020 - 11:57am | 450Read More...A strong start to 2020 for General Electric Company (NYSE: GE) ran out of steam in February thanks to the coronavirus. However, there are several key themes in GE’s recent 10K filing that suggest the GE rally could resume. The GE Analyst Bank of America analyst Andrew Obin reiterated his Buy...
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BofA Upgrades GE On 'Improving' Free Cash Flow Trajectory
Wednesday, January 29, 2020 - 11:25am | 479Read More...General Electric Company (NYSE: GE) shares gained 9% on Wednesday morning following a big fourth-quarter earnings report, and the industrial giant got its second major upgrade in a week following the report. The Analyst Bank of America analyst Andrew Obin upgraded GE from Neutral to Buy and raised...
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How 737 Max Delays Are Impacting General Electric
Wednesday, January 22, 2020 - 11:47am | 452Read More...Boeing Co (NYSE: BA) shares are down 4% this week on reports the company has been telling customers its 737 Max likely won’t be cleared to fly until June or July, months later than it had previously expected. While the latest 737 Max delay is bad news for Boeing investors, one analyst said...
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Analyst Updates 2020 GE Healthcare Projections Following Investor Day Event
Tuesday, December 3, 2019 - 12:55pm | 441Read More...General Electric Company (NYSE: GE) held a GE Healthcare investor day event this week. One analyst in attendance said Tuesday that Healthcare should be a stable source of free cash flow for GE as it executes its turnaround strategy, but the GE bull case still hinges on Power. The Analyst Bank of...
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Analyst: Regulatory Response To GE Allegations Is Reassuring For Investors
Tuesday, August 20, 2019 - 10:25am | 450Read More...General Electric Co (NYSE: GE) stock initially took a big hit last week following accusations of rampant fraud by former Bernie Madoff whistleblower Harry Markopolos, but one analyst says the allegations seem a bit underwhelming upon closer inspection. The Analyst Bank of America analyst Andrew...
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BofA Upgrades Ingersoll-Rand, Says Premium Growth Appears Sustainable
Thursday, April 4, 2019 - 10:06am | 432Read More...The U.S. non-residential construction sector seems poised for continued growth through 2020. This is particularly true for the institutional segment, and Ingersoll-Rand PLC (NYSE: IR) is more levered to institutional spending, according to Bank of America Merrill Lynch. The Analyst BofA’s...















