3M Co’s (NYSE:MMM) note issuance of up to $1.1 billion of unsecured debt was assigned an Aa2 rating by Moody’s along with a stable outlook. Moody’s also assigned an Aa2 rating to the company’s refreshed medium-term note (MTN) program. The unsecured notes are split between maturities of 5 and 30 years. 3M Co (NYSE:MMM) net profit margin is 15.20%and weekly performance is 1.60%. On last trading day company shares ended up $142.55. Analysts mean target price for the company is $146.53. 3M Co (NYSE:MMM) distance from 50-day simple moving average (SMA50) is 4.13%.
On May 29, 2014, Seagate Technology PLC said Thursday it will acquire LSI’s flash businesses for $450 million in cash from Avago Technologies Ltd (NASDAQ:AVGO). Singapore-based chip maker Avago disclosed plans in December to buy LSI Corp. for $6.6 billion and completed the deal earlier this month. Avago Technologies Ltd (NASDAQ:AVGO) shares fell -0.17% in last trading session and ended the day on $70.67. AVGO Gross Margin is 48.40% and its return on assets is 17.60%. Avago Technologies Ltd (NASDAQ:AVGO) quarterly performance is 15.02%.
On May 29, Phillips 66 (NYSE:PSX) said an international tribunal ruling supports its right to acquire a 50 percent stake in facilities at its Sweeny Refinery in Texas from Petroleos de Venezuela SA. The International Chamber of Commerce’s Court of Arbitration last month upheld Phillips 66’s right to exercise a call option in 2009 and assume PDVSA’s interest in Merey Sweeny LP, Rich Johnson, a spokesman for the Houston-based refiner, said in an e-mail yesterday. The partnership owns a 70,000-barrel-per-day delayed coker and related facilities at the refinery. Phillips 66 (NYSE:PSX) shares moved up 0.56% in last trading session and was closed at $84.79, while trading in range of $84.80 – $85.42. Phillips 66 (NYSE:PSX) year to date (YTD) performance is 11.19%.
On May 29, PepsiCo, Inc. (NYSE:PEP) is going digital. The soft-drink maker is rolling out a high-tech soda fountain that will allow customers to come up with a thousand combinations of drinks to slake their thirst. PepsiCo, Inc. (NYSE:PEP) ended the last trading day at $88.33. Company weekly volatility is calculated as 1.05% and price to cash ratio as 13.28. PepsiCo, Inc. (NYSE:PEP) showed a positive weekly performance of 3.21%.
Walgreen Company (NYSE:WAG) has been given a consensus rating of “Hold” by the twenty-six brokerages that are currently covering the stock, Analyst Ratings Network reports. Twelve analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $68.00. Walgreen Company (NYSE:WAG) shares advanced 1.13% in last trading session and ended the day on $71.91. WAG Gross Margin is 53.30% and its return on assets is 8.90%. Walgreen Company (NYSE:WAG) quarterly performance is 11.09%.
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