G.E to halt pensions, Bulls have the lead on SmileDirectClub, PCG Deadline approaching

Posted by Walterinternational on October 9th, 2019

Here are just a few companies that Walter International will be watching for you over the next few weeks.

General Electric have announced that they will be freezing pensions for over 20,000 of their American employees with salaried benefits, in a bid to reduce the companies mounting debt. The move by the company is set to also affect supplementary pension benefits for a further 700 workers. With this plan set to move ahead, GE have said this could benefit in reducing the company’s pension deficit by almost Billion USD. Over the course of the last month GE shares have been seeing a decline with more negative press coming from the company.

In other news, Analysts around the world are gripping a bullish stance on SmileDirectClub, who recently faced a rocky start with their IPO. A large number of analyst recommendations have been released this week, with Guggenheim, Citi, Bank of America, and Jeffries giving the company’s shares a buy rating. Most bullish on this stock is JP Morgan, who has set a USD price target on the shares, with most others placing their targets in the range of -.

A fast approaching deadline surrounding compensation is around the corner for Pacific Gas and Electric Company. Victims of 2018’s Californian wild fires, have only three weeks left to file damage claims against the company. A large number of citizens have already filed their claims for money from the Utility companies bankruptcy, however a further 70,000 people are set to be eligible for compensation, and have not filed a claim.

Founded in Hong Kong in 2009, Walter International offers a wide range of institutional trading services, as well as retail portfolio management services and financial planning. Through a combination of experienced financial experts, research analysts and their extensive knowledge of the financial markets, Walter International ensures that all of their clients meet their unique financial goals in a timely manner.

To find out more about how Walter International can assist you visit walterinternational.com

Han Choo
Walter International
Info@walterinternational.com
+852 3018 3061