U.S. stock index futures pointed to a weaker open on Monday as investors took a breather after strong gains last week.
Appleannounced a quarterly dividendof $2.65 a share and authorized a $10 billion stock repurchase program, which will be executed over three years. The new dividend will be initiated in the fourth quarter of fiscal 2012. Meanwhile, Berenberg boosted its price target to $750 from $445, while Mizuho Securities raised its price target to $700 from $635.
Meanwhile, Target said it expects its annual dividend to reach $3 a share or more by 2017 and plans to continue buying back shares even as it spends money to get ready for its launch in Canada next year.
Boeing will be watched after reports that its rival Airbus' wing crack problem may be worse than thought. A report in German magazine Der Spiegel said the company will need years to get past problems with wing cracks on its flagship A380 passenger jet.
On the M&A front, Dutch company TNT Express has accepted a $6.9 billion offer from UPS . Meanwhile, Citigroup raised its price target on rival FedEx to $110 from $95.