Susquehanna upgraded shares of Corning (NYSE:GLW) from a neutral rating to a positive rating in a research report sent to investors on Wednesday morning, TheFlyOnTheWall.com reports. The firm currently has $25.00 price target on the stock, up from their previous price target of $15.00. Corning Incorporated (NYSE:GLW) shares after opening at $20.99 moved to $21.47 on last trade day and at the end of the day closed at $21.36. Company price to sales ratio in past twelve months was calculated as 3.80 and price to cash ratio as 5.67. Corning Incorporated (NYSE:GLW) showed a positive weekly performance of 4.55%.
Caterpillar Inc. (NYSE:CAT) has the potential to generate around $15-$17 billion of cumulative free cash through 2016, and could even repurchase up to 35 million shares per year over the next three years, says a report from Barclays on 31 March 2014 by analysts Andy Kaplowitz, Vlad Bystricky, Alan Fleming andJing Feng. If the company is able to achieve the repurchase targets, then the reduced share count could add up to $1.20 of EPS by the end of 2016, believe analysts. Caterpillar Inc. (NYSE:CAT) shares advanced 2.83% in last trading session and ended the day on $102.63. CAT return on equity ratio is recorded as 20.30% and its return on assets is 4.40%. Caterpillar Inc. (NYSE:CAT) yearly performance is 25.33%.
Delta Air Lines (NYSE:DAL) saw unusually large options trading activity on Wednesday. Traders bought 10,157 put options on the company, American Banking and Market News reports. This represents an increase of 148% compared to the typical volume of 4,089 put options. Delta Air Lines, Inc. (NYSE:DAL) shares moved down -0.14% in last trading session and was closed at $35.70, while trading in range of $35.53-$36.52. Delta Air Lines, Inc. (NYSE:DAL) year to date performance is 30.20%.
Hewlett-Packard Company (NYSE:HPQ) has settled a shareholder lawsuit by agreeing to pay USD 57 million to the plaintiff. The Company’s former Chief Executive Officer Leo Apotheker was accused of making misleading statements about operations before he was expelled from his position on September 22, 2011.The agreement is expected to have substantial monetary benefits for the plaintiffs as per a filing lodged in a federal court in Santa Ana. The lawsuit was filed in September 13, 2011, after Mr. Apotheker made strategy shifts and cut sales forecasts thrice.Hewlett-Packard Company (NYSE:HPQ) weekly performance is 3.89%. On last trading day company shares ended up $33.61. Hewlett-Packard Company (NYSE:HPQ) distance from 50-day simple moving average is 12.45%. Analysts mean target price for the company is $32.90.