Check out the companies making headlines in midday trading. Hertz Global — The car rental company shed about 4% after it was downgraded to sell from neutral at Goldman Sachs. Investors have yet to fully price in some near-term pressures, the bank wrote. Block — The financial services stock lost nearly 2% following a downgrade to underweight from equal-weight at Morgan Stanley. As reasons for the change, the firm cited "high market penetration and limited additional opportunity.
03 billion, exceeding the 65 cents per share on revenue of $3.01 billion expected by FactSet. Lamb Weston — Shares plunged nearly 20% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. The firm's revenue of $1.46 billion also came under the anticipated $1.65 billion. Alaska Air Group — The airline carrier gained 5%.
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