|Bid||11.36 x 900|
|Ask||11.37 x 47300|
|Day's Range||11.33 - 11.60|
|52 Week Range||6.51 - 11.84|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.35%)|
|1y Target Est||N/A|
If you’re a gutsy contrarian investor, consider betting that Walgreens Boots Alliance will have a far better 2020 than it has this year. Instead, the reason you might want to consider Walgreen’s (WBA) stock in 2020 is because it’s the worst year-to-date performer in the Dow Jones Industrial Average (DJIA) , with a loss (per FactSet) of 11.5% (through Dec. 6). Betting on a reversal from year-to-year performance is not as crazy as you might think.
General Electric's (GE) aviation services unit completes the divestment of PK AirFinance. This is aligned with the company's plan to divest GE Capital's assets worth $10 billion in 2019.
The Street may be guilty of overanalyzing General Electric Company (NYSE: GE ) but in reality it requires a "detailed segment level analysis," according to UBS. The Analyst UBS analyst Markus ...
Benzinga Pro's Stocks To Watch For Thursday Boeing (BA) - The stock was down about 0.5% following news the company will be required to compensate Southwest Air (LUV) employees impacted by the grounding ...
UBS analyst Markus Mittermaier upgraded GE’s stock to the equivalent of Buy from Hold, taking his price target to $14 from $11.50, about 28% above recent levels. He calls 2020 an “inflection year” for the controversial conglomerate.
With the Federal Reserve holding steady on interest rates, investors turned their attention to the U.S.-China trade talks.
U.S. stock futures rise modestly after the Federal Reserve leaves interest rates unchanged, and as investors await results from the U.K. election and stalled U.S.-China trade negotiations; Adobe, Oracle and Broadcom report earnings; Lululemon slumps on soft fourth-quarter guidance; General Electric is rated a buy at UBS.
GE's improving fortunes under CEO Larry Culp have driven the stock more than 50% higher this year, and UBS analyst Markus Mittermaier thinks there are more gains to come.
Normally analysts reiterate stock ratings - so when a stock is upgraded, it’s worth taking note. This afternoon, UBS analyst Markus Mittermaier upgraded his firm's rating on General Electric (GE) from Neutral to Buy, while boosting the price target from $11.50 to $14.00. If everything goes right, the analyst expects the industrial giant's stock to soar nearly 30% over the next 12 months.Mittermaier says "2020 will be a critical inflection point for the turnaround and the stock," and investors are taking notice. The stock is up 1.5% in after-hours trading and edging closer to its 52-week high of $11.84. GE has been one of Wall Street’s biggest standouts of 2019, with shares skyrocketing over 50%.Mittermaier noted, "We think 2020 will be an inflection year for the GE stock as confidence in the turnaround increases, risks are better understood, and both EPS and Industrial Free Cash flow inflect upwards. We have seen the stock perform strongly on the back of 2019 FCF guidance upgrades and expect this "relief rally" to continue as the narrative on the stock shifts from survival to transformation. We think investors today can get exposure to a much narrower conglomerate (vs. ~12 months ago) with leading industrial franchises (Aviation and Healthcare) at a discounted relative valuation. We expect an inflection in free cash flow, with 2020E industrial FCF of ~$2.3B (up from $0.7B in 2019E) and a medium term trajectory of $5-6B+, moving cash conversion up towards 70%+ (from a dismal 13% last year) as the turnaround progresses."Granted, not everyone is as enthusiastic about GE as Mittermaier. In fact, Wall Street is almost evenly split between the bulls and those choosing to play it safe. Based on 13 analysts tracked by TipRanks in the last 3 months, 7 rate GE a Buy, 5 say Hold, while 1 recommends Sell. Meanwhile, the 12-month average price target stands at $11.75, marking a modest 7% upside from Wednesday's closing price. In other words, much of the goodness is already reflected in GE's share price. (See GE’s price targets and analyst ratings on TipRanks)
Tigard recycler Agilyx Corp. said it will work with General Electric Co. in an effort to dramatically increase the amount of used plastic that's turned into valuable feedstocks. Agilyx specializes in technology broadly known as "chemical recycling," transforming polystyrene — the ubiquitous plastic that comes in solid and foam forms, including the well-known Dow brand Styrofoam — into styrene monomer. It’s all part of a “circular economy for plastics” that Agilyx believes could be scaled up from 10 percent of post-use plastic now to perhaps 95 percent.
Analyst Chase Mulvehill put Baker Huges on Bank of America’s “U.S. 1” list—a collection of the bank and brokerage firm’s best ideas. General Electric has more than $8 billion worth of Baker shares.
Exposure to equity markets increased in TD Ameritrade Holding Corp. (NASDAQ: AMTD ) client accounts during the November period. The IMX increased to the highest level in a year, increasing 0.33, or 6.8%, ...
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Verizon Communications, Accenture, General Electric and American Tower
"Once you get your anchor tenant it becomes a lot easier to get people's attention," economic development executive says.
Dutch pension investor APG and Britain's Renewables Infrastructure Group (TRIG) have agreed to buy offshore wind farm Merkur, the asset's biggest shareholder, Switzerland's Partners Group, said on Tuesday. The 396 megawatt project, located in the German North Sea, benefits from a guaranteed feed-in tariff until 2033 and has a 10-year operation and maintenance agreement with General Electric, Partners Group said in a statement. Partners Group did not disclose the value of the transaction.
Shares of the beleaguered, industrial conglomerate General Electric popped. This came after a UBS note on Thursday, which gave the stock a ‘buy’ rating. UBS also predicted a big 2020 rebound for the company.