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GE CEO Says Industrial Free Cash Flow Will Turn Negative In 2019
Tuesday, March 5, 2019 - 3:08pm | 502Read More...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...
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Analysts Remain Skeptical Amid General Electric's Aggressive Asset Sales
Monday, March 4, 2019 - 8:41am | 817Read More...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...
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Analyst: Normalized GE Earnings Difficult To Forecast
Monday, February 4, 2019 - 2:42pm | 396Read More...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...
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Analysts React To GE's Mixed Quarter
Friday, February 1, 2019 - 10:57am | 507Read More...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”...
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BofA Gives Seal Of Approval To GE Divestitures, Stays Neutral On Stock
Thursday, January 17, 2019 - 3:43pm | 351Read More...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...
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BofA Downgrades Colfax On Macro Volatility, Howden Challenges
Monday, June 4, 2018 - 10:36am | 377Read More...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...
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Bank Of America's Bearish Stance On Eaton No Longer Applies
Thursday, March 8, 2018 - 2:48pm | 379Read More...Eaton Corporation, PLC Ordinary Shares (NYSE: ETN) on March 2 hosted its annual investor conference in which management did a "solid job" of outlining its plan, according to Bank of America. The Analyst Bank of America's Andrew Obin upgraded Eaton's stock from Underperform...
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No Blue Sky In Sight: Analyst Steps To The Sidelines On General Electric
Monday, January 22, 2018 - 11:17am | 459Read More...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...
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Rockwell Downgraded At BofA, 'Weak Cycle' Of Concern To Analysts
Thursday, October 29, 2015 - 12:27pm | 273Read More...Rockwell Automation (NYSE: ROK) shares have been volatile in 2015 and are down 4 percent year-to-date. BofA Merrill Lynch’s Andrew Obin downgraded the rating on the company from Neutral to Underperform, while maintaining a price objective of $110. A weak macroeconomic environment is...
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Bank Of America Weighs In On General Electric Possibly Leaving CLL Segment
Friday, March 13, 2015 - 10:35am | 170Read More...Bank of America issued a report on General Electric Company (NYSE: GE) after news was released that the company may exit the commercial leasing and lending (CLL) segment. Bank of America rates General Electric as a Buy with a $31 price target. Analyst Andrew Obin wrote, "We expect the debate over...
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UPDATE: Bank Of America Raises PT On General Electric On Model Update
Friday, January 2, 2015 - 10:02am | 112Read More...In a report published Friday, Bank of America analyst Andrew Obin reiterated a Buy rating on General Electric Company (NYSE: GE), and raised the price target from $29.00 to $31.00. In the report, Bank of America noted, “We update the model following GE's analyst day and '15 outlook, and now include...
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UPDATE: Bank Of America Downgrades Dover
Friday, December 5, 2014 - 9:49am | 273Read More...Bank of America downgraded Dover Corp (NYSE: DOV) Friday from Buy to Neutral and cut its price target from $93 to $85 due to energy forecasts. Analysts led by Andrew Obin lowered their 2015 “Energy top-line forecast from roughly flat to down 6 percent and 2016 Energy top-line from up 6...
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UPDATE: Bank Of America Reiterates On AECOM Technology On URS Acquisition News
Friday, July 25, 2014 - 10:29am | 168Read More...In a report published Friday, Bank of America analyst Andrew Obin reiterated a Buy rating on AECOM Technology (NYSE: ACM), and raised the price target from $35.00 to $46.00. In the report, Bank of America noted, “On July 13th, ACM announced URS acquisition for EV of $6bn ($33/sh in cash+ 0.734/sh...
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UPDATE: Bank Of America Reiterates On Dover On Multiple Positive Factors
Tuesday, June 24, 2014 - 8:09am | 164Read More...In a report published Tuesday, Bank of America analyst Andrew Obin reiterated a Buy rating on Dover (NYSE: DOV), and raised the price target from $93.00 to $101.00. In the report, Bank of America noted, “We raise our DOV PO from $93 to $101 on higher valuation multiple and higher earnings forecast...
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UPDATE: Bank of America Downgrades Rexnord as Stock Approaches Price Objective
Wednesday, April 23, 2014 - 8:40am | 163Read More...In a report published Wednesday, Bank of America analyst Andrew Obin downgraded the rating on Rexnord (NYSE: RXN) from Neutral to Underperform, but reiterated the $29.00 price target. In the report, Bank of America noted, “As RXN approaches our $29 PO, we downgrade the stock to Underperform. Based...
