On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes GE Vernova Inc. GEV. “We're all looking for situations where we can play the environment and corporations, and we've got it,” he added.
On Sept. 4, Jefferies initiated coverage on the stock with a Buy rating and announced a price target of $261.
Veralto Corporation VLTO is a “very well-run” company, Cramer said. “I'm not sure how much more we can go higher unless it makes an acquisition or really accelerates earning, and I don't see that happening.”
On Aug. 13, UBS analyst Damian Karas initiated coverage on Veralto with a Neutral rating and announced a price target of $118.
When asked about Eastman Chemical Company EMN, he said, “I think the stock, with a 3% yield, is one of the better, one of the better plastic stocks in the market.”
On Aug. 20, Eastman named Iké Adeyemi as Chief Legal Officer.
Lam Research LRCX has “gone down too much,” he said. “I'd rather be a buyer, but buy it slowly, do not buy it once, that will only lead to pain.”
On Aug. 29, Lam Research raised its quarterly dividend from $2.00 to $2.30 per share.
Price Action:
- GE Vernova shares fell 0.1% to settle at $198.33 on Friday.
- Veralto shares declined 1% to close at $108.72 during Friday's session.
- Lam Research shares fell 2.9% to close at $733.83 during Friday's session.
- Eastman Chemical fell 0.9% to settle at $97.17 during the session.
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