Caterpillar Inc. (NYSE:CAT) is likely to receive Republican support when it faces criticism of its accounting policies at a Senate subcommittee hearing, reports the Wall Street Journal. Senator John McCain is said to disagree from Senator Carl Levin, saying that the tax practices are not as “egregious” as Sen. Levin says. Tax Analysts earlier reported Senator McCain was distancing himself from Levin’s report. Caterpillar Inc. (NYSE:CAT) shares after opening at $98.91 on last trade day and at the end of the day closed at $99.39. Company price to sales ratio in past twelve months was calculated as 1.14 and price to cash ratio as 10.43. Caterpillar Inc. (NYSE:CAT) showed a positive weekly performance of 2.05%.
Covidien PLC (NYSE:COV) had its target price boosted by JPMorgan Chase & Co. from $74.00 to $79.00 in a report issued on Thursday, Analyst Ratings.Net reports. Covidien plc (NYSE:COV) shares advanced 0.83% in last trading session and ended the day on $72.50. COV return on equity ratio is recorded as 21.40% and its return on assets is10.20%. Covidien plc (NYSE:COV) yearly performance is 22.76%.
Equities research analysts at Goldman Sachs boosted their price target on shares of PPL (NYSE:PPL) from $32.00 to $34.00 in a research note issued to investors on Thursday, American Banking News.com reports. Goldman Sachs’ target price points to a potential upside of 4.81% from the stock’s previous close. PPL Corporation (NYSE:PPL) shares moved up 0.52% in last trading session and was closed at $32.98, while trading in range of $32.64 – $33.00. PPL Corporation (NYSE:PPL) year to date (YTD) performance is 10.89%.
Taiwan Semiconductor Mfg. Co. (NYSE:TSM) Says orders machinery equipment worth T$855.4 million ($28.02 million). Taiwan Semiconductor Mfg. Co. (NYSE:TSM) weekly performance is 5.99%. On last trading day company shares ended up $19.64. Taiwan Semiconductor Mfg. Co. (NYSE:TSM) distance from 50-day simple moving average (SMA50) is 20.43. Analysts mean target price for the company is $9.15.