See the businesses making headlines in noon buying and selling. Chewy — Shares jumped 7.8% after Jeffries initiated protection of the pet e-commerce firm with a purchase score and $27 worth goal, suggesting upside of about 25% from Monday’s shut. Jeffries stated Chewy ought to profit from elevated pet e-commerce penetration and the premiumization of pet merchandise. Affirm — Affirm shares jumped 15% after the corporate introduced it was increasing its purchase now, pay later partnership with Walmart to greater than 4,500 of the retailer’s self-checkout kiosks. NICOLA — Shares of the electrical car firm jumped on Tuesday, leaping 6.8% on the day after firm founder Trevor Milton was sentenced to 4 years in jail for wire and securities fraud. The inventory fell greater than 9% on Monday. Kenvue — Shares of shopper well being merchandise firm Kenvue, which was spun out of Johnson & Johnson earlier this yr, rose 3.5% on the day after it acquired a good ruling in a product legal responsibility case involving with Tylenol. JPMorgan wrote on Tuesday that the choice “successfully destroys the plaintiffs’ case” and that the inventory will commerce greater and probably grow to be overvalued following the choice. Coinbase – Shares rose 2.6% after Compass Level reiterated a purchase score on the inventory and considerably raised its worth goal, saying rising cryptocurrency costs ought to profit the crypto change. From right here, the corporate forecasts progress potential of roughly 30%. Macy’s — Shares of the retail big traded almost 2% greater after Morgan Stanley confirmed that the shares have been equal weighted and raised its worth goal to $21 per share from $15. The agency stated the reported buyout supply from Arkhouse Administration and Brigade Capital to accumulate Macy’s “presently gives the bottom share worth.” Sunnova, Sunrun — Photo voltaic Sunnova and Sunrun rose about 13% and 6%, respectively, after Piper Sandler upgraded the inventory. The agency highlighted that the potential discount in benchmark rates of interest is a constructive catalyst for the photo voltaic vitality sector. UBS – U.S.-listed shares of the Swiss financial institution rose greater than 5% to a 52-week excessive. The rise follows a Monetary Instances report that activist investor Cevian Capital had taken a stake value €1.2 billion. First Photo voltaic. The inventory, which jumped almost 6% on Tuesday, was named certainly one of TD Cowen’s greatest photo voltaic vitality concepts for 2024. The agency stated U.S. utility fundamentals seem extra encouraging based mostly on satellite tv for pc imagery knowledge and the “wholesome pipeline” that First Photo voltaic helps. Rhythm Prescription drugs — Shares rose 2.5% after Morgan Stanley upgraded the biotech firm to obese from equal weight. The agency stated it has extra confidence in Rhythm’s therapies and has elevated its terminal progress price in consequence. Enphase Vitality — Shares of Enphase Vitality rose greater than 6%. The transfer comes a day after the microinverter maker stated it could lay off about 10% of its workforce as a part of a restructuring plan. — CNBC’s Alex Harring, Brian Evans, Samantha Subin, Lisa Kailai Han and Michelle Fox contributed reporting.