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