The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022.Arnd Wiegmann | ReutersCheck out the companies making headlines in midday trading.Meta Platforms – Shares of Meta Platforms rose 3.5% after JPMorgan upgraded the social media company to buy and raised its price target, saying that headwinds will ease next year.Maxar Technologies – Shares of the satellite owner and operator surged 122% following news that private equity firm Advent International will acquire the company and take it private in a deal valued at $6.4 billion, or $53 a share. The stock closed at $23.10 per share Thursday.Goldman Sachs — Goldman Sachs shares slumped 1% amid news that the Wall Street firm will cut up to 8% of its workforce. The layoffs are slated to come in January and hit all areas of the Wall Street firm, CNBC reported, citing people familiar with the matter.Ford — Ford shares shed 6.2% after the auto company said it’s increasing the base price for its F-150 Lightning pickup truck again because of heightened raw material costs.Adobe — Shares of the design software maker rose more than 3% after the company reported fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Adobe maintained its forecast for the new fiscal year, while announcing a plan to buy hot startup Figma in the quarter.Darden Restaurants — Darden Restaurants dropped 4% despite delivering an earnings and revenue beat for its fiscal 2023 second quarter. However, it also reported profit margins of 18.6% for Olive Garden, its largest holding, down from 21.6% in the fiscal year 2022 second quarter.New York Times — The newspaper stock fell 3.7% after Morgan Stanley downgraded the name to equal weight from overweight. The Wall Street firm cited recent underperformance in net adds as well as growing macro headwinds to advertising revenues.Accenture — Shares dropped 5.1% after the consulting firm issued a light revenue out …
