Check out the firms making headlines in noon buying and selling. 

Sunrun — The photo voltaic inventory popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the inventory to obese from impartial. The agency mentioned in a word to shopper that the current pullback in photo voltaic shares was puzzling and that shares of Sunrun might soar more than 60%.

Simon Property Group – Shares of the actual property firm jumped more than 3% after Jefferies upgraded the inventory to “purchase” from “maintain.” The Wall Street agency mentioned pent-up shopper demand and fewer dangerous debt are good indicators for the mall operator.

Morgan Stanley – The financial institution’s shares misplaced 2.6% regardless of topping analysts expectations for first quarter earnings on the again of better-than-expected buying and selling and funding banking outcomes. The main U.S. financial institution reported earnings of $2.19 per share on income of $15.72 billion.

Cisco – Shares of the gear maker superior more than 2% after Wolfe Research upgraded the firm to an outperform ranking. “The resurgence of IT spending, growing software program gross sales combine, and bettering hyperscale play has put the firm into the finest place it has arguably had in some years,” the agency mentioned in a word to purchasers.

PNC Financial — The financial institution inventory rose about 1.7% following a better-than-expected quarterly report. PNC posted $4.10 in earnings per share on $4.22 billion in income. Analysts surveyed by Refinitiv had penciled in $2.75 per share and $4.12 billion in income.

Bank of New York Mellon — Shares of the regional financial institution fell almost 4% even after Bank of New York Mellon beat analyst estimates in the first quarter. The agency earned 97 cents per share on $3.92 billion in income, in comparison with Refinitiv estimates of 87 cents per share and $3.85 billion in income. The inventory remains to be up more than 8% this yr.

– CNBC’s Maggie Fitzgerald, Jesse Pound, Pippa Stevens, and Yun Li contributed reporting.