Andrew Obin

General Electric Company (NYSE: GE) investors weren’t impressed by CEO Larry Culp’s pledge for transparency on Thursday, sending the stock lower on Friday. GE released updated financial guidance Thursday, calling for 2019 EPS of between 50 cents and 60 cents, below consensus estimates...

Allegion PLC (NYSE: ALLE) hosted its analyst day Tuesday with senior management presentations led by CEO David Petratis. The key takeaway from the meetings is that the company continues to focus on increasing its presence in electronics and expanding its channel presence, according to Bank of...

Wall Street is having trouble seeing the light when it comes to a turnaround for General Electric Co. (NYSE: GE)'s weak Power business. Powering Down Analysts said GE's Tuesday announcement of more coming financial woes in 2019 was worse than expected and the notion that the Power...

General Electric Co. (NYSE: GE)'s stock tanked Tuesday afternoon after CEO Larry Culp delivered yet another round of bad news at the J.P. Morgan Aviation, Transportation & Industrials Conference. Disappointing Guidance In his presentation, Culp said GE is expecting fiscal 2019 organic...

After a disastrous couple of years, General Electric Company (NYSE: GE) is off to a red-hot start to 2019, up 39 percent year-to-date. A large part of that market optimism has been based on GE’s successful asset sales in the first part of the year, but the obvious question for long-term...

After a brutal 2018, General Electric Co. (NYSE: GE) is off to a hot start to 2019. However, one analyst said GE’s long-term outlook remains uncertain. The Analyst Bank of America analyst Andrew Obin reiterated his Neutral rating and $11 price target for GE stock. The Thesis GE’s fourth...

General Electric Co. (NYSE: GE) stock surged more than 10 percent Thursday, its best day in nine years. The strong move came following GE’s fourth-quarter earnings report in which the company reported a revenue beat and an earnings miss. GE guided for “low-to-mid single digits”...

General Electric Company (NYSE: GE) move to divest more GE Capital Assets with the sale of supply chain finance unit Trade Payable Services is a solid step, according to Bank of America Merrill Lynch.  GE announced Wednesday it was selling the TPS unit to MUFG Union Bank for an...

Environmental movements and the global trade climate aren’t on the side of Colfax Corp (NYSE: CFX). The stock dropped 25 percent over the last year and analysts have jumped ship. The Rating Bank of America Merrill Lynch analyst Andrew Obin downgraded Colfax from Buy to Underperform and cut...

General Electric Company (NYSE: GE) cautioned investors last week it needs to take a $6.2 billion after-tax charge for its insurance business in the fourth quarter and is now required to contribute $15 billion to the unit over the next seven years to boost its reserves. The bad news continued...