Take a look at the stocks making headlines in midday trading.
— Shares of the homebuilder rose 4% after RBC upgraded the stock to outperform from market perform. The firm said in a note that the company was well positioned to protect its margins amid rising demand for housing and had upside value from its stake in Opendoor, which is set to go public through a SPAC.— The apparel stock rose 8% after Deutsche Bank upgraded it to buy from hold.
The firm said in a note that the parent company of Kate Spade and Coach is undervalued relative to peers and is set up for faster-than-expected revenue growth.— Overstock shares rose more than 3% after analysts at Wedbush and Credit Suisse initiated the online retailer with outperform ratings. "We see multiple catalysts, both on the macro and micro level that we believe can drive continued upside to revenue and EBITDA estimates," Wedbush said.
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