Check out the companies making headlines in midday trading: Boeing – Stock up 3%. The aircraft manufacturer reached a new contract proposal with its mechanics union, which could end the strike that has been ongoing for more than a month. A vote on ratification is scheduled for Wednesday. Warby Parker – The eyewear maker and retailer gained nearly 10% after Goldman Sachs upgraded shares to a buy from a neutral rating, saying margin growth potential and strong fundamentals support its “moderately high” valuation. Cigna – The insurer's stock fell more than 4% after Bloomberg, citing people familiar with the matter, reported that Cigna had reignited merger discussions with Humana. Bloomberg sources said the talks are still in their early stages. Humana shares also fell marginally in the wake of the report. United Parcel Service – The parcel delivery stock fell more than 3% after Barclays downgraded its rating to below equal weight. The British bank said it sees multiple challenges in the near term for the company. AppLovin – The app technology stock jumped 9% on the back of a big rise in its price target from Bank of America. AppLovin's AI engine has “led a turnaround in growth and profitability,” said the company, which also reiterated a buy rating. Bank of America now expects shares to reach $210, a 75% increase from the previous target of $120. Southwest Airlines – The airline stock fell nearly 2%. CNBC reported on Sunday that Southwest is engaged in early settlement talks with Elliott Investment Management, which would give the activist investor representation on Southwest's board. ASML Holdings – Semiconductor Equipment stock fell 1%. Bernstein cut its price target on ASML to $815 from $1,052, with the company citing concern about a potentially “challenging” outlook in 2025. Shares of Atlantic Union Bank – Atlantic Union Bank's holding company fell more than 6% after net interest in the third quarter. Income exceeded analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts surveyed by FactSet were looking for $195.0 million. Kenvue – The consumer health stock advanced more than 5% on news that activist investor Starboard Value has taken a large position in the Johnson & Johnson spin-off. — CNBC's Samantha Sobin, Michelle Fox, Alex Haring and Sean Conlon contributed reporting.
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