Take a look at the companies making headlines in midday trading.
— Shares of the car-rental company jumped more than 5% after a Morgan Stanley analyst upgraded them to equal weight from underweight. "The company has executed important steps to buy time to re-size the fleet. Used car prices are also improving vs. our previous concerns," according to the analyst.— The food stock dropped 4% after the company missed earnings estimates for its fiscal second quarter and pulled its forward guidance.
— The casino stock fell 3.5% on Wednesday following a downgrade at Jefferies. The bank slashed its rating to hold from buy, citing an "absence of catalysts for MGM to rerate in the near term." Jefferies also cut its 12-month price target on MGM to $17 a share from $22. The stock has plunged more than 50% this year amid the coronavirus pandemic.— Shares of the payments company fell 1.3% after UBS downgraded the stock from neutral to sell.
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