Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Adobe (ADBE) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Nemeroff citing expectations for continued momentum in its highly profitable Creative Cloud business that he expects will lead to stronger than expected operating cash flows over the next few years. The analyst also raised his price target on the shares to $150 from $125. 2. Under Armour (UA/UAA) upgraded to Buy from Hold at Jefferies saying the "bottom has formed." The Under Armour brand has strengthened and athletic apparel demand is robust, Konik tells investors in a research note, citing his firm's updated proprietary survey of 2,000 consumers when compared to three years ago. 3. Alcoa (AA) upgraded to Buy from Hold at Berenberg. 4. Virtusa (VRTU) upgraded to Outperform from Market Perform at Cowen with analyst Bryan Bergin citing the stabilization of its large client base and margin expansion plans, benefits from increased scale, current pipeline momentum, and strong earnings growth. Bergin raised his price target to $38 from $29 on Virtusa shares. 5. PVH Corp. (PVH) upgraded to Buy from Neutral at Citi with analyst Kate McShane saying the company is one of the only apparel/footwear manufacturers with "notable" earnings growth. She raised her price target for the shares to $115 from $102. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

B. Riley analyst Lucas Pipes raised the firm's price target on Alcoa to $31 from $25 and keeps a Neutral rating on the shares following the Q1 report. Compared to estimates, aluminum shipments were stronger and third-party alumina shipments also came in better, the analyst tells investors in a research note. The firm increased estimates on higher London Metal Exchange pricing.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSBank... To see the rest of the story go to thefly.com. See Story Here

The company states: "Adjusted EBITDA excluding special items was $132 million, a sequential increase of $43 million primarily due to lower energy and raw material costs, partially offset by lower average realized third-party price for aluminum and higher production costs."

Reports Q1 revenue $2.60B, consensus $2.56B. "In the first quarter of 2024, we finalized the terms of our acquisition of Alumina Limited, which will bring strategic, operational, and financial flexibility," said Alcoa CEO William Oplinger. "Raw material prices and markets are improving, and we are implementing near-term improvements to further strengthen Alcoa for the future."

Pre-earnings options volume in Alcoa is 1.1x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 5.4%, or $1.97, after results are released. Median move over the past eight quarters is 4.8%.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here