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Tesla, Nuance Communications, Uber and more

A Tesla logo on a Model S is photographed inside a Tesla dealership in New York.

Lucas Jackson | Reuters

Check out the companies that are making headlines in the dinner trade.

Tesla – Shares in Tesla jumped nearly 3% after Canaccord Genuity upgraded the stock to buy, citing Tesla̵

7;s battery innovations. Canaccord also raised its 12-month price target on Tesla to $ 1,071 per share. Stock from $ 419 pr. Shares. The new target involves a nearly 60% rally for the electric carmaker.

Nuance Communications – Nuance’s share price rose more than 16% in midday trading after Microsoft announced it would buy the speech recognition firm for $ 56 a share. Share, approx. 23% above where its stock closed on Friday. The deal, another sign that Microsoft appears to be growing through acquisitions, is valued at approx. $ 16 billion. And approx. $ 19 billion. Including debt.

Uber — Shares of the giant giant rose 3.3% after posting record gross bookings in March. Uber said its mobility segment, or ride-hitting business, sent its best month since March 2020 with an annual mileage of $ 30 billion. It rose 9% from a month earlier.

Alibaba – US traded shares of Chinese internet giant jumped more than 9% after Chinese regulators hit the company with a $ 2.8 billion fine. The fine is approx. 4% of Alibaba’s revenue in 2019. The action is part of the Chinese regulatory authorities’ broader control of Internet companies.

United Airlines – Shares in the airline fell 4% after United Airlines announced it expected to report $ 3.2 billion. In revenue in the first quarter, which was 66% lower than in the same quarter in 2019. According to FactSet, Wall Street analysts expected $ 3.35 billion. $.

Chipotle – The chain’s stock price rose more than 1% after Raymond James upgraded the stock to surpass market performance. The Wall Street firm said Chipotle’s sales have fully contributed to the strengthening of industry trends over the past few weeks, adding that stock prices are “significantly upwards”. CNBC’s Jim Cramer said the stock is still a buy, even though it hits a record high.

Qualcomm – The chip share fell 1.6% after Evercore ISI downgraded the company to a line from better results. Evercore said after Qualcomm’s triple run since the Apple launch that the bulk of the 5G smartphone upbeat is priced in the shares. Qualcomm and Apple will settle a royalty and patent dispute in April 2019.

Plug Power – Morgan Stanley resumed coverage of the hydrogen fuel cell company as equal weight, sending shares down more than 8% in midday trading. The Wall Street firm said it sees “modest” stock price upward for Plug Power.

– with coverage from CNBC’s Jesse Pound, Yun Li and Tom Franck.

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