Market Overview

UPDATE: Morgan Stanley Reiterates On General Electric On News Of Siemens/MHI Offer

Share:
Related GE
McDonald's Easterbrook For CEO Of The Year? La Monica Believes He Could Make It
Big Three: GE, Caterpillar And McDonald's Earnings Set Tone
Yen For Dollar? (Seeking Alpha)

In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on General Electric (NYSE: GE), but removed the $100.00 price target.

In the report, Morgan Stanley noted, “Per the terms of the offer, Siemens would acquire 100% of Alstom's gas business including related service contracts for €3.9bn ($5.3bn). It would offer a job guarantee for three years in France and Germany for the new business after the closing of the transaction and establish its EU headquarters for the combined gas business in France. Siemens would also be prepared to become a long-term shareholder in a combined Transport business some time in the future.”

General Electric closed on Monday at $26.82.

Latest Ratings for GE

DateFirmActionFromTo
Apr 2016BernsteinDowngradesOutperformMarket Perform
Jan 2016CitigroupInitiates Coverage onBuy
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Price Target Analyst Ratings

 

Related Articles (GE)

View Comments and Join the Discussion!