We continue to recommend investing in this 4-star narrow-moat company.
We still believe shares of the no-moat firm offer a significant margin of safety.
The wide-moat firm is preparing for its transformational leap into direct to consumer with the launch of Disney+ in November.
We are leaving our fair value estimate in place for the wide-moat firm.
We view shares of the wide-moat firm as attractive.
We recommend prospective investors steer clear of shares at current levels.
We are incorporating three rate cuts (including this one) through 2020 into our bank forecasts.
Despite the risks posed by the 737 MAX groundings, GE maintained its long-term industrial free cash flow outlook in the quarter.
We're maintaining our $200 fair value estimate.
We do not expect to change our fair value estimate for the no-moat firm.