Finance

AT&T, Chipotle, Las Vegas Sands

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Traders work on the floor of the New York Stock Exchange.

Brendan McDermid | Reuters

Check out the companies making headlines midday Monday:

AT&T — AT&T rose 3.3% in midday trading after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Elliott – founded by Paul Singer – said in letter to AT&T’s board that it hopes to help the telecom company trim unneeded assets and it could see shares above $60 after refocusing its business strategy.

Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained 2% following an upgrade to outperform from neutral by Wedbush. The firm hiked its 12-month price target to $980 from $780, expecting the



Source cnbc.com

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