NEW YORK (
) -- U.S. stocks were mixed midday Monday as investors digested better-than-expected
Dow Jones Industrial Average
was rising 54.49 points, or 0.42%, to 12,904.08 midday Monday. Leading the Dow higher were
Procter & Gamble
(PG - Get Report)
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.
gives Home Depot an A+ grade with a buy rating and
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
with a buy rating and
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
reported Monday morning first-quarter adjusted earnings of $1.11 a share share on revenue of $19.4 billion. On average,
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.
gives Bank of America a
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.
gives Caterpillar an A grade with a buy rating and
The biggest decliner in the index midday was
(CSCO - Get Report)
. Shares were falling 16 cents, or 0.78%, to $19.69.
gives Cisco a B grade with a buy rating and
-- Written by Alexandra Zendrian
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