Report
Preston Caldwell
EUR 101.80 For Business Accounts Only

GE could unlock a lot of value if it runs Baker Hughes better than previous management.

Baker Hughes, a GE Company, reported third-quarter results Oct. 20 that revealed a $240 million adjusted operating profit, a solid sequential improvement from $117 million in the prior quarter but a slight underperformance versus our expectations. Total bottom-line results remain dominated by integration and restructuring costs, and management expects these costs to persist for the next three to four quarters. We are lowering our fair value estimate to $39 per share from $41 to incorporate the q...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Preston Caldwell

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