Traders work at the Coty booth on the floor of the New York Stock Exchange.

Jin Lee | Bloomberg | Getty Images

Check out the companies making headlines midday Monday:

Coty — Coty shares surged 13.4% after the beauty-products maker announced the potential sale of the company’s professional and Brazil units. CEO Pierre Laubies said the sale would deleverage Coty’s balance sheet and “improve our ability to invest in areas with the greatest growth potential.”

Boeing — An analyst at Credit Suisse downgraded the aerospace giant to neutral from outperform as worries around the

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