General Electric Company (NYSE:GE) has hired Goldman Sachs Group Inc and JPMorgan Chase & Co to lead the initial public offering of its North American retail finance business, the Financial Times reported on Friday, citing anonymous sources. General Electric Company (NYSE:GE) stock opened at $25.21 in last trading session, and closed at $25.13, trading in the range of $25.08 – $25.38. The stock showed a positive/negative weekly performance of 0.72%.
Caterpillar Inc. (NYSE:CAT) announced it has entered into a definitive agreement with Citibank, N.A. to purchase approximately $1.7 billion of its common stock under an accelerated stock repurchase transaction. This repurchase is in addition to the $2 billion of stock repurchased in 2013. Caterpillar Inc. (NYSE:CAT) shares closed at $93.91 on last trade day, by gaining 0.76%. Stock 52 week range is $79.49 – $99.70. Company’s market capitalization is $59.76 billion.
D.R. Horton, Inc. (NYSE:DHI) was upgraded by equities researchers at Jefferson Research from a “hold” rating to a “buy” rating in a research report issued on Friday, Analyst Ratings Net reports. D.R. Horton, Inc. (NYSE:DHI) stock rose 2.62% and finished the last session at $23.48. The EPS of the stock remained 1.46. Company’s market capitalization is $7.60 billion.
Canaccord Genuity reissued their outperform rating on shares of The Boeing Company (NYSE:BA) in a research report sent to investors on Thursday morning, AnalystRatingsNetwork.com reports. The firm currently has a $164.00 price target on the stock, up from their previous price target of $160.00. The Boeing Company (NYSE:BA) stock opened at $124.46 in last trading session and closed at $125.26. The 52 week range of the stock is $73.76 – $144.57 and the day range was $123.08 – $126.87.