Wall Street weighed in Thursday with thoughts on General Electric’s analyst event a day earlier, at which it reviewed the coming year.An error has occurred, please try again later.Copyright ©2020 Dow Jones & Company, Inc. All Rights ReservedThis copy is for your personal, non-commercial use only. “Risk/reward is skewing more favorable,” Credit Suisse analyst John Walsh wrote in a Thursday research report. Including Biopharma, Obin projects $2.9 billion in 2020 free cash flow from GE Healthcare, down from $3 billion in 2018.
Vulcan Post creates content to make smarter consumers and inspired entrepreneurs. He rates GE shares the equivalent of Buy but doesn’t have a price target for the stock.
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He recently GE stock was down 3.5% to $10.57 early Thursday morning, after gaining a little less than 1% Wednesday. Tags: ge 2020 General Elections 2020.
Some analysts are impressed with the company’s ability to manage through headwinds such as the For starters, General Electric (ticker: GE) detailed how the All Rights Reserved.
For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. All 93 seats will be contested at the upcoming general election on July 10. Melius analyst Scott Davis focused on other issues in his research report, including company management. Tusa is more bearish than other analysts regarding GE stock, but less so than he once was. “He has replaced most of his reports in the corporate office…and he’s shrinking corporate at an acceptable pace. Vulcan Post / Copyright © 2020 GRVTY Media Pte. “We are mindful that GE’s 2020 Outlook Call would have been relatively uneventful and arguably positive at the margin if it were not for the coronavirus,” Dray wrote. He said the 2020 MAX headwind should be less than investors expected because Boeing is paying for undelivered MAX engines built in 2019 and taking 10 new engines a month in 2020.
He did note that the coronavirus is affecting the outlook for many companies.
J.P. Morgan analyst Stephen Tusa was disappointed with GE’s first quarter earnings guidance of about 10 cents a share, which is below Wall Street’s 13-cent prediction. Co. Regn. He was encouraged by potential for $5 billion to $8 billion in industrial free cash flow in 2022. GE 2020: It’s Official, S’poreans Need To Cast Their Election Votes On July 10.