Bank of America, HP, United Technologies: Dow Movers

NEW YORK (

TheStreet

) -- The major U.S. equity indices eked out gains on Wednesday with the

European Central Bank divided about the debt restructuring needed in order for Greece to receive another round of bailout money

.

The

Dow Jones Industrial Average

rose 5.75 points, or 0.04%, to 12,883.95 on Wednesday. The

S&P 500

increased 2.91 points to 1,349.96 and the

Nasdaq Composite

posted an 11.78 point gain to close at 2,915.86.

Breadth within the Dow was positive with 16 of the index's 30 components posting gains on Wednesday. Both

Alcoa

(AA) - Get Report

and

Verizon

(VZ) - Get Report

ended Wednesday flat.

The biggest Dow gainers were

Bank of America

(BAC) - Get Report

,

HP

(HPQ) - Get Report

and

United Technologies

.

Bank of America shares rose 3.57% to $8.13. Analyst

Dick Bove

of Rochdale Securities said earlier this week the bank's shares are about three to four years away from $30.

TheStreet Ratings

gives Bank of America a

D grade

and sell rating.

United Technologies' shares increased 1.82% to $81.74. United Technologies' Chief Financial Officer Greg Hayes said that the company is more apt to sell off business lines rather than issue stock to finance its Goodrich acquisition,

The Associated Press

reported Wednesday.

TheStreet Ratings

gives United Technologies a B+ grade and

$92.42

price target.

Shares of HP increased 1.76% to $29.46.

TheStreet Ratings

gives HP a

C grade

and hold rating.

The biggest Dow decliners were

Home Depot

(HD) - Get Report

,

American Express

(AXP) - Get Report

and

Exxon Mobil

(XOM) - Get Report

. Each stock posted a loss of less than 1%.

Shares of Exxon Mobil fell 55 cents to $85.32. Exxon Mobil shares went

ex-dividend

Wednesday, which means that investors had to purchase shares Tuesday to qualify for the next dividend payment. The energy company's forward annual dividend yield is 2.2%.

TheStreet Ratings

gives Exxon Mobil a B+ grade and

$103

price target.

Shares of Home Depot dropped 29 cents to $45.17. The stock hit a

52-week high

Tuesday of $45.58.

Home Depot gets an A+ grade from

TheStreet Ratings

with a

$54.08

price target.

American Express shares declined 49 cents to $51.64.

TheStreet Ratings

gives American Express an A grade with a

$65.58

price target on the stock.

--

Written by Alexandra Zendrian in New York.

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.