Check out the companies making headlines in midday trading: Kroger — Shares of the supermarket chain rallied more than 4%. Kroger reported mixed fiscal second-quarter results, posting adjusted earnings that beat expectations by 2 cents a share. Revenue came up shy of Wall Street's estimates. Petco — Shares of the pet retailer soared 14%. That builds on Wednesday's postearnings rally of nearly 33%, which marked the stock's best day on record.
Interpublic Group of Companies — The advertising stock was trading 2% lower following a downgrade from UBS to sell from neutral. Analyst Adam Berlin also lowered his 12-month price target. As a reason for the downgrade, he cited the advertiser's loss of big accounts such as Amazon and Pfizer, which he said investors have not fully priced into the stock's valuation yet. U.S. Bancorp — The bank stock slipped nearly 2% despite announcing a dividend hike and a $5 billion share buyback plan.
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