Check out the companies making headlines in midday trading. Altice USA — The cable company fell more than 12% after Wells Fargo downgraded the stock to underweight from equal weight. The bank is now skeptical about Altice’s M&A prospects, analyst Steven Cahall wrote. Tesla – The electric vehicle maker fell nearly 2% after Reuters reported its long-promised plans for a low-cost car amid competition from Chinese electric vehicle makers. Investors were counting on the entry-level car to propel its growth to a mass-market automaker. CEO Elon Musk responded to the X report, saying “Reuters is lying (again).” Krispy Kreme — Shares jumped 6% after Piper Sandler raised the stock to overweight from neutral. The company cited the donut chain’s partnership with McDonald’s, announced last week, and the improved narrative. Enphase Energy — The solar stock fell 5% after Citi downgraded it to neutral from buy, citing “limited corporate liquidity” and noting that trends “are sequentially weaker in the U.S.” Citi also downgraded Plug Power, whose shares fell less than 1%. Cinemark — The theater chain rose 4.4% on the back of Wells Fargo’s double upgrade from underweight to overweight. The bank said Cinemark has seen increasing demand and that there is a strong backdrop for the movie industry. Snowflake — The cloud company gained 2.5% after Rosenblatt upgraded the stock to Buy from Neutral rating, citing strong customer interest. Ollie’s Bargain Outlet — Shares rose 4.5% after Loop Capital upgraded the discount retailer to buy from hold. The company cited its relatively low valuation compared to its competitors and the potential to expand its store base. Agilent Technologies — The life sciences applications stock rose nearly 3% after Stifel upgraded it to buy from hold. Analyst Daniel Arias said good demand for financial instruments and an attractive valuation will make the stock more attractive to investors. Shockwave Medical — Shares gained 2% after Johnson & Johnson announced it would buy the medical device maker for $12.5 billion in an effort to boost its portfolio of devices to treat cardiovascular disease. J&J shares were little changed. McDonald’s – Shares fell less than 1% after the fast food chain said Thursday it had signed a deal to buy all 225 restaurants in its Israeli franchise. The move came after months of plummeting sales in the Middle East following pro-Palestinian boycotts. – CNBC’s Hakyung Kim, Alex Harring, Samantha Subin and Michelle Fox contributed reporting.