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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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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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.