Check out the companies making headlines in midday trading Tuesday.
PagSeguroCiti upgraded the Brazilian payment stock to buy from neutral. The firm called the company’s fourth-quarter earnings unsurprising and said it is still in rough waters, but shares were more attractive following recent underperformance. Stone
related investing news
Alibabasaid it would split its company into six separate business groups, with each group having the potential to raise outside funding and go public.
— CNBC’s Alex Harring, Yun Li, Jesse Pound and Michelle Fox Theobald contributed reporting.
Correction: According to FactSet, Micron is expected to post a loss of 67 cents per share. A previous version misstated the estimate.