The Wendy’s Co. logo is seen on a cup displayed for a photograph at a restaurant location in Daly City, California.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines in midday trading:
Wendy’s— Shares of fast-food restaurant chain Wendy’s tanked more than 10% following a downgrade to neutral from buy from Guggenheim, citing Wendy’s “risky” entry into the breakfast food category. The firm said the new initiative is diluting free cash flow generation, as it caused the food company to slash its 2019 outlook.
Maxar Technologies— Shares of the space conglomerate jumped 12.8% after J.P. Morgan began covering the stock with an overweight rating and a…