The Globe and Mail (Ottawa/Quebec Edition) - - GLOBE INVESTOR - BY DAVID LEEDER

Gen­eral Elec­tric (GE-NYSE) Close: $17.90 (U.S.), down $1.12

Gen­eral Elec­tric Co.’s turn­around is likely to be much more pro­tracted than pre­vi­ously an­tic­i­pated, ac­cord­ing to RBC Do­min­ion Se­cu­ri­ties an­a­lyst Deane Dray. He be­lieves the com­pany’s plan fell short of the “sweep­ing” re­set of its busi­ness model and port­fo­lio that may had an­tic­i­pated, lead­ing him to down­grade it to “sec­tor per­form” from “out­per­form.”

Tar­get: Mr. Dray low­ered his tar­get to $20 (U.S.) from $25. Con­sen­sus is $22.80.

Franco-Ne­vada (FNV-TSX) Close: $107.85, up $1.68

Franco-Ne­vada Corp.’s growth pro­file is be­ing to show signs of con­tri­bu­tion, ac­cord­ing to RBC Do­min­ion Se­cu­ri­ties an­a­lyst Stephen Walker. “Our earn­ings per share/cash flow per share and free cash flow es­ti­mates for Franco-Ne­vada grow pro­gres­sively over the next three years as the com­pany ben­e­fits from fore­cast pre­cious me­tal and O&G rev­enue growth,” he said.

Tar­get: With an “out­per­form” rat­ing, his tar­get rose to $116 from $110. Con­sen­sus is $112.07.

Me­dReleaf (LEAF-TSX) Close: $16.61, down $1.64

Al­though Me­dReleaf Corp. re­ported sec­ond-quar­ter 2018 rev­enue and ad­justed EBITDA that fell be­low his ex­pec­ta­tions, Canac­cord Ge­nu­ity an­a­lyst Michael Bot­tom­ley hiked his tar­get based on recre­ational de-risk­ing. “We ex­pect fi­nan­cial re­sults in the back half of the fis­cal year to be­gin to reac­cel­er­ate from the rather flat top line as of late,” he said.

Tar­get: With a “spec­u­la­tive buy” rat­ing, his tar­get jumped to $20 from $15. Con­sen­sus is $16.33.

Pre­mier Gold Mines (PG-TSX) Close: $3.63, down 8¢

Al­though Pre­mier Gold Mines Ltd. had a “solid” third-quar­ter beat, tougher times lie ahead, Bea­con Se­cu­ri­ties Ltd. an­a­lyst Michael Cur­ran said, down­grad­ing it to “hold” from “buy.” “We think PG shares will strug­gle to de­liver pos­i­tive news­flow in 2018 as it ad­vances sev­eral projects to­wards pro­duc­tion de­ci­sions over the next few years,” he said.

Tar­get: His tar­get fell to $4.35 from $5. Con­sen­sus is $4.48.

Coca-Cola (KO-NYSE) Close: $47.43, up 71¢

Wells Fargo Se­cu­ri­ties an­a­lyst Bon­nie Her­zog raised her rat­ing for

Coca-Cola Co. to “out­per­form” from “mar­ket per­form” ahead of its an­nual in­vestor day on Thurs­day. “We con­tinue to be­lieve Coca-Cola’s best-in-class dis­tri­bu­tion and strong brand port­fo­lio will al­low it to re­tain its premium val­u­a­tion,” Ms. Her­zog said. Tar­get: Her tar­get rose to $51 (U.S.) from $45. Con­sen­sus is $47.71.

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