Hertz to replace CEO, cut board size; Icahn backs moves
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
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UBS Remains Bullish as General Electric (GE) Reiterates $2 2018 EPS
December 15, 2016 9:35 AM ESTUBS reiterated a Buy rating and $34.00 price target on General Electric (NYSE: GE). The company set 2017 EPS guidance at $1.60-$1.70, compared to consensus estimates of $1.66. This part of the guidance was in line with expectations. However, the reiteration of the $2 EPS target for 2018 was positive against a skeptical investor base and consensus of $1.92.
Analyst... More
RBC Capital Raises Price Target on General Electric (GE) following Reaffirmed EPS Target
December 15, 2016 6:40 AM ESTRBC Capital reiterated an Outperform rating on General Electric (NYSE: GE), and raised the price target to $37.00 (from $36.00), as the company reaffirmed its $2 EPS target for 2018. Though it faces ($0.10)-($0.15) of incremental Oil & Gas headwinds, GE aims to offset this downside with +$0.05 of capital... More
MKM Partners Remains Bullish as Hertz Global (HTZ) Appoints New CEO Kathryn Marinello
December 14, 2016 11:10 AM ESTMKM Partners reiterated a Buy rating and $33.00 price target on Hertz Global (NYSE: HTZ) following the company's announcement that the Board of Directors has appointed Kathryn Marinello as President and CEO. The appointment will be effective January 3rd. Current CEO John Tague will Retire on January 2nd.
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