Jim Cramer: Veralto Is A 'Well-Run' Company, Likes This Utilities Stock
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He expressed a positive outlook on GE Vernova and Lam Research, while being cautious about Veralto's growth potential. Eastman Chemical was noted for its 3% yield. Recent analyst ratings and corporate actions were highlighted.
September 09, 2024 | 12:59 pm
News sentiment analysis
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NEUTRAL IMPACT
Jim Cramer noted Eastman Chemical's 3% yield, calling it one of the better plastic stocks. Recent appointment of a new Chief Legal Officer.
Cramer's mention of the yield is positive, but no strong catalyst for immediate price movement. Recent executive change is noted.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Jim Cramer described Veralto as a well-run company but expressed doubts about significant growth without acquisitions or earnings acceleration. UBS rated it Neutral with a $118 target.
Cramer's cautious outlook and UBS's Neutral rating suggest limited short-term price movement for Veralto.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer expressed a positive outlook on GE Vernova, highlighting its potential in environmental and corporate sectors. Jefferies initiated coverage with a Buy rating and a $261 price target.
Cramer's positive comments and Jefferies' Buy rating with a high price target suggest potential upward movement for GE Vernova.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer suggests buying Lam Research slowly after a significant price drop. The company recently increased its dividend.
Cramer's buy recommendation and the recent dividend increase suggest potential for recovery in Lam Research's stock price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75