Followers | 686 |
Posts | 142475 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
![](https://investorshub.advfn.com/uicon/35728.png?cb=1539773763)
Thursday, October 13, 2022 2:41:21 PM
By: Investing.com | October 13, 2022
General Electric Healthcare (NYSE:GE) filed its Form 10 after market close on October 11, with the planned spin-off expected in the first week of January 2023.
Following the news, BofA analysts said the firm believes there are positives from the healthcare spin-off.
"We view the Healthcare and Vernova (Power & Renewable; planned for early 2024) spins as positive catalysts for GE shares. However, in the near term, we expect earnings to be challenging," wrote the analysts, adding that BofA maintains its Buy rating and $105 price target on the stock.
They added that they believe the filing counters investor concerns that Healthcare has underinvested in R&D.
"R&D spending has been steady at $0.8bn/year (7-8% of revenue). In fact, 21% of 2021 orders were for products introduced in last year. Software platforms have scale, generating $1.2bn of revenue (7% of total) in 2021. The Ultrasound and Pharmaceutical Diagnostics (PDx) segments are highly profitable franchises, while Imaging faces a tougher set of competitors, in our view," they added.
The analysts also went on to state that margin recovery seems probable in 2023.
"To be clear, we expect continued supply-chain pressures in 3Q22. With price/cost turning positive in 2Q and the PDx plant in Shanghai back at full capacity, we are optimistic about the margin recovery over time."
Read Full Story »»»
![](http://studentaid.gov/universal-navigation/assets/us_flag_small.png)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent GE News
- GE Aerospace T901 Engines Accepted by U.S. Army for UH-60 Black Hawk Flight Testing • PR Newswire (US) • 06/28/2024 12:02:00 PM
- GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend • Business Wire • 06/21/2024 11:27:00 AM
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
- GE Aerospace kündigt freiwilliges Delisting der GE-Stammaktien von der Euronext Paris, der London Stock Exchange und der SIX Swiss Exchange an • Business Wire • 06/19/2024 04:13:00 PM
- GE Aerospace annuncia il delisting volontario delle proprie azioni ordinarie da Euronext Paris, dalla borsa di Londra e dal SIX Swiss Exchange • Business Wire • 06/19/2024 04:13:00 PM
- GE Aerospace Announces Voluntary Delisting of GE Common Stock from Euronext Paris, the London Stock Exchange and the SIX Swiss Exchange • Business Wire • 06/19/2024 06:00:00 AM
- GE Aerospace annonce la radiation volontaire de ses actions d’Euronext Paris, du London Stock Exchange et du SIX Swiss Exchange • Business Wire • 06/19/2024 06:00:00 AM
- Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More • IH Market News • 06/18/2024 11:02:13 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/11/2024 06:53:57 PM
- Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace • PR Newswire (US) • 06/06/2024 12:30:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 10:31:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:08:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:21:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/23/2024 07:36:36 PM
- Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News • IH Market News • 05/22/2024 10:37:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 09:18:55 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 05/14/2024 02:06:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:15:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:34:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:32:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:31:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:29:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:27:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:25:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:24:18 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM