A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York.
Lucas Jackson | Reuters
Check out the companies making headlines in midday trading.
Tesla — Shares of Tesla popped 3.7% after Canaccord Genuity upgraded the stock to buy, citing Tesla’s battery innovations. Canaccord also hiked its 12-month price target on Tesla to $1,071 per share from $419 per share. The new target implies a nearly 60% rally for the electric carmaker.
Nuance Communications — Nuance’s share price rallied 16% in midday trading after Microsoft announced that it will buy the speech recognition company for $56 per share, about 23% above where its stock closed on Friday. The deal, another…