Stock Insights: General Electric, Phillips-Van Heusen, Lions Gate, Cree, Las Vegas Sands March 26th
General Electric Co. (NYSE:GE): Barclays launched its Industrials Best Ideas List which includes General Electric (NYSE:GE), Caterpillar (NYSE:CAT), Boeing (NYSE:BA), Honeywell (NYSE:HON), Deere (NYSE:DE), FedEx (NYSE:FDX), Fluor (NYSE:FLR), TransDigm (NYSE:TDG), Chicago Bridge & Iron (NYSE:CBI), and SPX Corp. (NYSE:SPW). GE Capital, Corporate Finance announced it is an administrative agent in a $52M U.S. and Canadian cash flow credit facility for Germany-based Wanzl Group. The loan will be used to support the acquisition of Cari-All Group. GE Capital Markets served as co-lead arranger and joint bookrunner. GE Capital Retail Bank has announced a multi-year renewal to continue providing financing for customers of Discount Tire. GE Capital’s Retail Finance business will continue to manage the Discount Tire relationship and service the account.
Phillips-Van Heusen Corp. (NYSE:PVH): Brean Murray raised its price target on Phillips-Van-Heusen ahead of Q4 results. The firm is citing the company’s dominant worldwide brands as well as domestic positions which will continue to drive market share gains and higher multiples. Shares are Outperform rated.
Lions Gate Entertainment Corp. (NYSE:LGF): Stifel Nicolaus increased its target on Lions Gate after the opening weekend revenues of the company’s “Hunger Games” film exceeded expectations. The firm maintains a Buy rating on the stock.
Cree Inc. (NASDAQ:CREE): Pacific Crest said LED lighting demand is accelerating and steady China demand should benefit Cree’s Q3 but mix shift and pricing will pressure gross margins. The firm trimmed estimates and maintains its Outperform rating and $36 price target.
Las Vegas Sands Corp. (NYSE:LVS): Brean Murray raised its price target on Las Vegas Sands citing impressive Macau trends, improving market share, and improved expectations for Cotai Central. Shares are Outperform rated.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.