Check out the companies making headlines in midday trading Monday.
Colgate-Palmoliveupgraded the stock to overweight from equal weight and named it the top pick in the household and personal care industry. The firm said the stock was at a good price point after a recent selloff.
Teslalowered its earnings estimate for Tesla by around 25% for 2023 following the company’s price cuts for its electric vehicles. However, the firm upgraded the stock to buy from hold.
Ford Motor Company price cuts for its electric Mustang Mach-E crossover. The move in Ford comes after Tesla said earlier this month it would trim prices to counteract dwindling demand.
Macy’sinitiated coverage with a buy rating. The stock advanced 1.8%.
Modernareport said the European Union is in talks with Pfizer and BioNTech to reduce the number of Covid-19 vaccine doses it’s committed to purchasing this year in exchange for paying a higher price per dose.
Advanced Micro Devicesdisastrous release. The company is scheduled to report Tuesday.
— CNBC’s Hakyung Kim, Jesse Pound, Alex Harring, Carmen Reinicke, Michelle Fox Theobald, and Samantha Subin contributed reporting.