Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. The Wall Street firm believes the stock's valuation is now "compelling," while highlighting a slew of positive catalysts including new Chief Financial Officer Marie Myers' possible cost-cutting initiatives and a cyclical recovery across servers, storage and networking.
AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. The bank cited opportunities for AppLovin in gaming and e-commerce as potential catalysts. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. The bank expects Gannett could slow its rate of topline decline and generate "flattish revenue growth" in the fourth quarter, ultimately leading to multiple expansion.
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