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Gordon Haskett's John Inch On Why General Electric Is 'Very Overvalued'
Tuesday, April 13, 2021 - 11:23am | 619General Electric Co (NYSE: GE) shares have rallied 160% in the last 11 months, leading them to become "very overvalued," Gordon Haskett senior analyst John Inch said Tuesday on Benzinga's "PreMarket Prep" show. The problem is with GE being valued at...
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Gordon Haskett Upgrades GE, Says Stock Is Now 'Beat And Raise Story'
Friday, February 7, 2020 - 11:20am | 488General Electric Company (NYSE: GE) is off to a hot start to 2020, and the stock won over another long-time bear on Friday. The GE Analyst Gordon Haskett analyst John Inch upgraded GE from Underperform to Hold and raised his price target from $7 to $11. The GE Thesis Inch said GE appears to be well...
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GE Will No Longer Be Baker Hughes Majority Owner
Wednesday, September 11, 2019 - 8:35am | 435General Electric Company (NYSE: GE) said Tuesday afternoon it will cease a majority interest in Baker Hughes A GE Co (NYSE: BHGE). What Happened GE's ownership stake of Baker Hughes stands at around 522 million shares, or 50.4% of the company. GE will sell up to 120.75 million...
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Citi: General Electric's Recovery 'Could Be More Significant' Than Investors Realize
Wednesday, September 4, 2019 - 12:25pm | 584General Electric Company (NYSE: GE) shares traded higher by another 4.5% on Wednesday after yet another analyst had good things to say about the stock. Citi analyst Andrew Kaplowitz reiterated his Buy rating for GE. The Thesis After meeting with General Electric CEO Larry Culp, Kaplowitz said he is...
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Analysts Speak Up On GE's Solid Quarter
Thursday, August 1, 2019 - 10:54am | 616General Electric Co (NYSE: GE) shares closed nearly flat in a volatile session on Wednesday after the struggling industrial giant reported an encouraging quarter. GE beat consensus earnings and revenue expectations and raised its 2019 industrial free cash flow guidance to a new range of between...
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How GE Investors Could Benefit From The Boeing Groundings
Wednesday, July 24, 2019 - 3:10pm | 644JPMorgan analyst and General Electric Company (NYSE: GE) bear Stephen Tusa said this week the grounding of the Boeing Co (NYSE: BA) 737 Max could be good news for GE’s numbers when it reports second-quarter earnings July 31. On Tuesday, Gordon Haskett analyst John Inch said GE’s second-...
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Analyst: GE Earnings Aren't As Great As They Seem
Tuesday, April 30, 2019 - 10:44am | 486General Electric Company (NYSE: GE) investors received some much-needed good news Tuesday after the company reported a first-quarter earnings beat and reaffirmed its previous full-year financial guidance. The earnings report may be the sign investors needed that expectations for GE have...
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Are GE's Guidance Cuts Finally Over? Analysts Speak Up On Company's Financial Update
Friday, March 15, 2019 - 12:15pm | 571General Electric Company (NYSE: GE) investors weren’t impressed by CEO Larry Culp’s pledge for transparency on Thursday, sending the stock lower on Friday. GE released updated financial guidance Thursday, calling for 2019 EPS of between 50 cents and 60 cents, below consensus estimates...
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Gordon Haskett: General Electric Bull Thesis 'Dubious And Lacking Basic Intuition'
Wednesday, March 13, 2019 - 2:27pm | 737As General Electric Company (NYSE: GE) prepares to provide a critical financial update for its shareholders on Thursday, investors are still trying to figure out exactly how a blue chip company worth $300 billion at the beginning of 2016 could now have a market cap of under $90 billion. According...
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Gordon Haskett: Will GE Have Equity Value Once Asset Sales Are Over?
Thursday, January 24, 2019 - 11:21am | 436It wasn’t long ago that General Electric Co. (NYSE: GE) was one of the largest blue chip industrial stocks in the U.S. On Wednesday, one Wall Street analyst said that once GE divests its oil and gas, health care and transportation businesses, the remaining company may have little or no value...
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General Electric's Liquidity Problem
Tuesday, November 13, 2018 - 2:03pm | 666General Electric Company (NYSE: GE) is having a rare green day Tuesday, gaining more than 12 percent after the company announced a new strategic plan for its stake in Baker Hughes a GE Co (NYSE: BHGE). Unfortunately for GE investors, experts are saying GE’s situation may be worse than...
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Gordon Haskett: Why General Electric Shares Have Downside To $5
Monday, November 5, 2018 - 12:03pm | 483Despite some support from Street analysts in the form of upgrades, General Electric Company (NYSE: GE) stock remains below the $10 mark, with downside potential to $5 per share, according to Gordon Haskett. The Analyst Gordon Haskett's John Inch maintains an Underperform rating on...
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GE Cuts Dividend To 1 Cent
Tuesday, October 30, 2018 - 8:38am | 598General Electric Company (NYSE: GE) will pay shareholders 1 cent per share per quarter in dividends after announcing a major reduction in conjunction with its third-quarter earnings report. What Happened GE said it earned 14 cents per share in the third quarter on revenue of $29.573 billion, which...
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Gordon Haskett Analyst Previews GE Earnings: 'I Think A Dividend Cut Is Inevitable'
Monday, October 29, 2018 - 12:05pm | 1068General Electric (NYSE: GE) investors may have their fingers on the "sell" button when the company reports Q3 earnings Tuesday. John Inch, Managing Director and Senior Equity Analyst at Gordon Haskett, recently joined Benzinga’s PreMarket Prep to discuss what GE investors can...
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Deutsche Bank Has A Few Questions About GE's Surprise CEO Announcement
Monday, June 12, 2017 - 3:58pm | 447General Electric Company (NYSE: GE) CEO Jeff Immelt will resign effective August 1. The reigns will be handed to John Flannery. Immelt will remain as the company’s chairman through the end of the year. Deutsche Bank analyst John Inch is confident that Flannery is qualified to lead the company...