Check out the companies making headlines in midday trading. Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock's price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent back-to-school shopping season.
The Food and Drug Administration granted Summit's cancer drug, ivonescimab, a fast-track designation for usage in patient treatment. Ubisoft Entertainment — Shares of the French video game publisher surged more than 30% after Bloomberg News reported that Tencent and the firm's founding Guillemot family, both minority shareholders of Ubisoft, are considering a potential buyout of the company.