The Boeing Company(NYSE:BA) stock gained 1.68% to
$73.13. Barclays Capital reconfirmed their overweight rating on shares of
Boeing in a report issued yesterday and they currently have a $96.00 target
price on the stock.
Additionally, the company raised its 20-year China
commercial-aircraft market forecast by 5.2%, as economic growth and rising
incomes spur air travel in the world’s most populous nation.
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F Continue To Move Higher? Find Out Here
AeroVironment, Inc.(NASDAQ:AVAV) shares declined
9.42% to $21.84 after the shares of AVAV had its “hold”
rating reiterated by equities research analysts at Jefferies Group in a
research note issued to investors today.
Additionally, the company posted first quarter net
loss of $1.4 million, as compared to net income of $0.3 million in the first
quarter of fiscal 2012. Loss per share for the first quarter was $0.06,
compared to earnings per share of $0.01 last year. Revenue for the first
quarter of fiscal 2013 was $58.7 million, down 5% from first quarter fiscal
2012 revenue of $62.0 million. Analysts expected the company to report a loss
of $0.03 per share on revenues of $62.54 million for the first-quarter.
Rio Tinto plc (ADR)(NYSE:RIO) stock increased 4.71%
to $45.39. RBC Capital reissued their outperform rating on shares of Rio Tinto
in a report released today. RBC Capital currently has a $52.38 target price on
the stock.
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Investors Buy AVAV Now? Find Out Here
Additionally, the company said it has completed the
sale of the North American portion of its Alcan Cable business to General Cable
Corp. for $151 million in cash. The sale of the North American business as well
as an Alcan Cable operation in Tianjin, China, was agreed on May 21, 2012.
Groupon Inc (NASDAQ:GRPN) stock gained 0.36% to
$4.20 after Jefferies initiates coverage on shares of GRPN with a Hold and
price target set at $4.75. Additionally, the company’s Chairman Eric Lefkofsky
last week transferred 18.7 million of his company’s shares to early investors,
consultants and advisers. Of the total, 15.4 million of the shares were
transferred from a company called 600 West Groupon LLC, which is managed by a
firm owned equally by Lefkofsky and his wife, according to the filing with the
U.S. Securities and Exchange Commission.
Linkedin Corporation (NYSE:LNKD) shares jumped 2.20%
to $115.77. Analysts at Jefferies Group started coverage on shares of Linkedin
in a research report issued to clients and investors yesterday and the firm set
a “hold” rating and a $92.00 price target on the stock.
Ford Motor Company (NYSE:F) stock gained 2.56% to
$9.81 after the company’s sales surges in August, thereby offsetting the poor
sales of July. The company said that sales increased in August, because of
strong demand for pickups and new SUVs.
Additionally, Ford’s CEO Alan Mulally said the
company plans to bring 15 models to Europe in the next five years. The company
is also easing production in the region to meet demand.
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