-
General Electric Analyst Weighs In On CEO Larry Culp's Latest Guidance
Monday, June 7, 2021 - 12:41pm | 443General Electric Company (NYSE: GE) CEO Larry Culp spoke at the Bernstein Strategic Decisions Conference on Friday. On Monday, Bank of America analyst Andrew Obin discussed several investor takeaways from Culp’s presentation. Culp expressed confidence that GE’s Aviation segment will...
-
Why This GE Analyst Is Raising Their Earnings, Cash Flow Forecasts
Monday, May 3, 2021 - 12:00pm | 458General Electric Company (NYSE: GE) shares have slumped since the company reported first-quarter earnings last week. Yet GE investors are optimistic that 2021 could be the year the company finally turns the corner, and BofA Securities analyst Andrew Obin has raised his outlook for GE cash...
-
How General Electric Is Inching Towards Becoming A 'Normal' Industrial Stock
Monday, March 15, 2021 - 10:19am | 343General Electric Company (NYSE: GE) is taking steps to become a "normal" industrial stock by easing investor concerns with its GE Capital business, according to BofA Securities. The GE Analyst: Andrew Obin maintains a Buy rating on GE's stock with a $15 price target. The GE...
-
General Electric Analyst Raises Price Target Following AerCap Deal Reports
Monday, March 8, 2021 - 11:23am | 401The Wall Street Journal has reported that AerCap Holdings N.V. (NYSE: AER) is reportedly in talks to merge with the aircraft leasing business of General Electric Company (NYSE: GE). Both stocks traded higher on Monday morning following the report, and Bank of America analyst Andrew Obin said...
-
Analyst Raises General Electric Target Following FCF Deep Dive
Monday, February 1, 2021 - 1:30pm | 447General Electric Company (NYSE: GE) shares traded slightly higher on Monday after one Wall Street analyst performed a deep dive into the company’s free cash flow outlook. The GE Analyst: Bank of America analyst Andrew Obin reiterated his Buy rating for GE and raised his price target from $13...
-
Why A Democratic Congress Is Turning This 3M Analyst Bearish
Thursday, January 7, 2021 - 1:28pm | 2183M Co (NYSE: MMM) faces heightened PFAS risks with Democrats taking control of the U.S. Senate, according to BofA Securities. The 3M Analyst: Andrew Obin downgraded 3M from Neutral to Underperform and reduced the price target from $200 to $170. The 3M Thesis: The Republicans prevented major PFAS...
-
General Electric's $200M SEC Settlement Doesn't Deter This Analyst
Thursday, December 10, 2020 - 11:05am | 440General Electric Company (NYSE: GE) shares are up 85% in the past three months, and the company can finally put at least one of its lingering problems to bed. What Happened? On Wednesday, GE agreed to a $200 million settlement with the SEC related to an ongoing investigation into its power and...
-
General Electric Analyst Lifts Price Target After Health Care Segment Update
Friday, December 4, 2020 - 4:22pm | 247Kieran Murphy, the CEO of General Electric Company’s (NYSE: GE) GE Healthcare division, said in an update that management expects low-to mid-single-digit revenue growth in 2021, given rising COVID-19 cases globally, according to BofA Securities. The General Electric Analyst: Andrew Obin...
-
Oppenheimer Upgrades General Electric: 'Turnaround Gaining Traction'
Tuesday, November 24, 2020 - 12:17pm | 376General Electric Company (NYSE: GE) shares gained 5.8% on Tuesday after the company landed an upgrade on Wall Street. The GE Analyst: Oppenheimer analyst Christopher Glynn upgraded GE from Perform to Outperform and set a $12 price target. The GE Thesis: Glynn said GE’s net debt is down...
-
Why A COVID-19 Vaccine Makes General Electric's Stock 'More Investable'
Friday, November 13, 2020 - 11:05am | 427General Electric (NYSE: GE) shares have been on fire since the company’s third-quarter earnings beat in late October, but one analyst said Friday that positive coronavirus vaccine news from Pfizer Inc. (NYSE: PFE) makes the GE bull case even better heading into 2021. The GE Analyst: Bank...
-
BofA Issues 2 Industrial Upgrades, 2 Downgrades As Coronavirus Narrative Shifts
Wednesday, November 11, 2020 - 4:20pm | 468Encouraging news on the Pfizer Inc. (NYSE: PFE) coronavirus vaccine candidate has changed the narrative related to the global pandemic, and BofA Securities said Wednesday that it has changed the investment theses for a handful of industrial stocks as well. The Industrials Analyst: Andrew Obin...
-
General Electric Jumps On Earnings Beat, FCF Guidance 'Well Ahead Of Buy-Side Expectations'
Wednesday, October 28, 2020 - 10:15am | 455General Electric Company (NYSE: GE) shares were rocketing higher Wednesday after the company beat analyst estimates for third-quarter revenue and reported a surprise profit. What Happened: GE reported adjusted third-quarter earnings per share of 6 cents, beating analyst estimates of a 4-...
-
General Electric Analyst Downplays SEC Threat, Shareholder Lawsuits A 'Concern'
Wednesday, October 7, 2020 - 12:20pm | 440General 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...
-
General Electric Analyst Targets $1.5B In Industrial FCF In 2021
Thursday, September 17, 2020 - 10:11am | 453Just 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...
-
General Electric Analyst Says New CEO Contract A 'Benefit For GE Shares'
Friday, August 21, 2020 - 1:40pm | 449General 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...