Home Depot, Procter & Gamble: Dow Midday Movers
Shares of Home Depot were rising 49 cents, or 0.96%, to $51.45. The stock was upgraded to overweight from neutral by Piper Jaffray analysts on Monday. The analysts have a $62 price target on Home Depot's stock.
TheStreet Ratings gives Home Depot an A+ grade with a buy rating and $66.28 price target.Procter & Gamble shares were gaining 1.17% to $66.58. The company said on Friday it is raising its quarterly dividend 7% to 56.25 cents a share. Procter & Gamble gets an A- grade from TheStreet Ratings with a buy rating and $76.33 price target. Though not one of the biggest gainers in the index, shares of Bank of America were increasing 4 cents, or 0.46%, to $8.72. Rival bank Citigroup (C) reported Monday morning first-quarter adjusted earnings of $1.11 a share share on revenue of $19.4 billion. On average, analysts expected earnings of $1 a share and revenue of $19.81 billion. "There's enough noise in Citi's earnings to confuse just about everybody," RidgeWorth Investments senior investment strategist Alan Gayle said. The Financial Sector Select SPDR was rising about half a percent, or 0.06 points, Monday morning to $15.19. TheStreet Ratings gives Bank of America a C- grade and hold rating. Caterpillar shares were rising 40 cents, or 0.38%, to $106.29. The stock was upgraded to buy from neutral by Bank of America Merrill Lynch analysts on Monday. The analysts have a $135 price target on the stock. TheStreet Ratings gives Caterpillar an A grade with a buy rating and $122.94 price target. The biggest decliner in the index midday was Cisco (CSCO - Get Report). Shares were falling 16 cents, or 0.78%, to $19.69. TheStreet Ratings gives Cisco a B grade with a buy rating and $23.17 price target. -- Written by Alexandra Zendrian
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