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), DuPont (DD) and American Express (AXP).
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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). 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 >To submit a news tip, send an email to: tips@thestreet.com. >To follow the writer on Twitter, go to Alexandra Zendrian.
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