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Boeing, DuPont, American Express: Dow Midday Movers

NEW YORK ( TheStreet) -- U.S. stocks were rising midday Wednesday getting a boost from Apple's (AAPL)strong earnings.

The Dow Jones Industrial Average was rising 77.47 points to 13,079.03 midday Wednesday. Leading the Dow higher were Boeing (BA - Get Report), DuPont (DD - Get Report) and American Express (AXP - Get Report).

Shares of Boeing rose 4.03% to $76.16. The company's first-quarter earnings and revenue beat analysts' expectations. Boeing reported earnings of $1.11 a share on revenue of $19.4 billion. Analysts expected earnings of 94 cents a share on revenue of $18.4 billion.

TheStreet Ratings gives Boeing a B grade with a buy rating and $84.43 price target.

DuPont shares gained 1.97% to $53.72. The chemicals maker raised its quarterly dividend by 5% to 43 cents a share. Also Wednesday, UBS analysts raised their price target on the stock to $53.

DuPont gets a A- grade with a buy rating and $60.76 price target from TheStreet Ratings.

Shares of American Express rose 1.58% to $58.54. TheStreet Ratings gives American Express an A+ grade with a buy rating and $68.08 price target.

The biggest decliner in the index midday Wednesday was Caterpillar (CAT - Get Report). Shares fell 4.61% to $103.40.

Caterpillar reported first-quarter earnings of $1.58 billion, or $2.37 a share, up from year-earlier earnings of $1.23 billion, or $1.84 a share.

The company raised its 2012 profit outlook to $9.50 a share, up from previous guidance of $9.25 a share. Analysts, on average, expect full-year 2012 earnings of $9.54 a share.

TheStreet Ratings gives Caterpillar an A- grade with a buy rating and $124.77 price target.

-- Written by Alexandra Zendrian



>To contact the writer of this article, click here: Alexandra Zendrian

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SYM TRADE IT LAST %CHG
AXP $77.97 0.00%
BA $148.85 0.00%
CAT $79.67 0.00%
DD $71.65 0.00%
AAPL $123.25 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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