During CNBC’s ‘Mad Money Lightning Round,’ Jim Cramer offered his thoughts on several stocks, including GE Vernova, Veralto, Eastman Chemical, and Lam Research.
Cramer expressed enthusiasm for GE Vernova (GEV), stating that “we’re all looking for situations where we can play the environment and corporations, and we’ve got it.” This sentiment was echoed by Jefferies, which initiated coverage on the stock with a Buy rating and a price target of $261 on September 4th.
Regarding Veralto Corporation (VLTO), Cramer described it as a “very well-run” company but expressed uncertainty about its future growth potential without significant acquisitions or accelerated earnings. UBS analyst Damian Karas initiated coverage on Veralto with a Neutral rating and a price target of $118 on August 13th.
When asked about Eastman Chemical Company (EMN), Cramer considered it one of the “better plastic stocks in the market” due to its 3% yield. Eastman recently appointed Iké Adeyemi as its Chief Legal Officer on August 20th.
Cramer advised a cautious approach to Lam Research (LRCX), stating that the stock “has gone down too much” and suggested a gradual buying strategy to avoid potential losses. Lam Research boosted its quarterly dividend from $2.00 to $2.30 per share on August 29th.
In terms of price action on Friday, GE Vernova shares declined 0.1% to close at $198.33, Veralto shares dropped 1% to $108.72, Lam Research shares fell 2.9% to $733.83, and Eastman Chemical shares dipped 0.9% to $97.17.
