Take a look at the companies making headlines in midday trading.
– Shares of the coffee chain slid more than 5% after KeyBanc downgraded the stock to a sector weight rating.
"Current sales trends remain challenged, and we believe [near term] upside is limited due to its elevated valuation and the prospect of a more gradual [same-store sales]/ EPS recovery than previously expected and relative to peers," the firm said. Longer term, however, KeyBanc said the company has a best-in-class digital platform as well as innovation competencies.
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