Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more

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Check out the companies making headlines in midday trading.

Logitech

UpstartMizuho initiated Upstart with an underperform rating, saying that there are more challenges ahead for the consumer lending company.

StemUBS initiated Stem as a buy, saying that AI-driven energy storage company is a market leader that will get a boost from the Inflation Reduction Act.

Hibbettupgrade from Bank of America to a buy rating. The bank highlighted the company relationship with Nike and product availability among its reasons for liking the stock.

Xerox

Brown & Brown

Qualtrics International

Ross Storesfollowing an upgrade to overweight from Wells Fargo. The bank called Ross Stores one of the “best ways” to trade the sector.

SAP

PulteGroup

JetBluethird-quarter earnings miss of 21 cents per share, versus a Refinitiv consensus estimate of 23 cents. Revenue was in line with estimates, at $2.56 billion. JetBlue had a quarterly profit of $57 million, due to elevated travel demand and higher fares, which helped offset rising costs.

Planet FitnessPiper Sandler upgraded Planet Fitness to overweight from neutral, saying that shares are attractive and will get a boost from participation from younger generations.

General Motorshandily beat third-quarter earnings expectations. The company also maintained its full-year outlook.

United Parcel Service

General Electric

— CNBC’s Michelle Fox, Jesse Pound, Carmen Reinicke and Samantha Subin contributed reporting

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