Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Hold from Sell at Deutsche Bank... Aimco (AIV) upgraded to Outperform from Market Perform at BMO Capital... Altice (ATCEY) upgraded to Buy from Hold at Deutsche Bank... BE Aerospace (BEAV) upgraded to Overweight from Neutral at JPMorgan... Bancolombia (CIB) upgraded to Buy from Hold at HSBC... Blackbaud (BLKB) upgraded to Buy from Neutral at B. Riley... Boyd Gaming (BYD) upgraded to Buy from Hold at Deutsche Bank... C.H. Robinson (CHRW) upgraded to Buy from Hold at Stifel... CEVA (CEVA) upgraded to Buy from Hold at Wunderlich... CF Industries (CF) upgraded to Underperform from Sell at CLSA... Camden Property (CPT) upgraded to Overweight from Sector Weight at KeyBanc... Chevron (CVX) upgraded on valuation at Argus... Delek US (DK) upgraded to Outperform from Market Perform at Raymond James... Discover (DFS) upgraded based on valuation at Argus... Enphase Energy (ENPH) upgraded to Buy from Neutral at Roth Capital... G&K Services (GK) upgraded to Buy from Neutral at Sidoti... Global Payments (GPN) upgraded to Outperform from Underperform at CLSA... JA Solar (JASO) upgraded to Buy from Neutral at Roth Capital... Kimco Realty (KIM) upgraded on growth outlook at Argus... Landstar System (LSTR) upgraded to Buy from Hold at Stifel... Meredith (MDP) upgraded to Hold from Sell at Gabelli... Newell Rubbermaid (NWL) upgraded to Top Pick from Outperform at RBC Capital... Northrop Grumman (NOC) upgraded to Overweight from Neutral at JPMorgan... Textron (TXT) upgraded to Overweight from Neutral at JPMorgan... Universal Truckload (UACL) C.H. Robinson Landstar System upgraded at Stifel... Valero (VLO) upgraded to Buy from Hold at Argus.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.

Northland lowered the firm's price target on Enphase Energy to $125 from $135 and keeps an Outperform rating on the shares. The company missed Q1 consensus revenue and earnings estimates and its 2025 numbers were meaningfully below consensus, the analyst tells investors in a research note. The firm, however, believes Q1 is the bottom of the cycle, with channel inventory cleared by the end of Q2. It expects rising utility rates, $7B in solar grants in the U.S., and growth in residential storage to reignite Enphase's growth.

Jefferies analyst Dushyant Ailani downgraded Enphase Energy to Hold from Buy with a price target of $111, down from $135. The firm expects residential macro headwinds to persist and while it says Enphase management continues to take the right steps in managing under shipment and expanding internationally, delayed interest rate cuts and weaker U.S. demand push out its forecasts for a recovery. The firm, which expects the recovery to be slower than its prior expectations, lowered its FY24 and FY25 EPS forecast to $2.91 and $4.90, which it notes are 3% and 6%, respectively, below consensus.

BMO Capital analyst Ameet Thakkar lowered the firm's price target on Enphase Energy to $113 from $118 and keeps a Market Perform rating on the shares after its Q1 earnings miss and "underwhelming" Q2 revenue guidance. The firm is also less confident in the company's ability to achieve the upper end of what it had described as $450M-500M normalized demand, reducing its FY24 EPS view to $3.28 from $3.71 and its FY25 view to $5.93 from $6.21.

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Guggenheim analyst Joseph Osha downgraded Enphase Energy to Sell from Neutral with a $92 price target.

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