Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Neutral from Underweight at JPMorgan... Allianz (AZSEY) upgraded to Hold from Underperform at Jefferies... CNH Industrial (CNHI) upgraded to Neutral from Underweight at JPMorgan... Carnival (CCL) upgraded to Buy from Hold at Deutsche Bank... ConAgra (CAG) upgraded to Overweight from Neutral at JPMorgan... Connecture (CNXR) upgraded to Strong Buy from Outperform at Raymond James... Eastman Chemical (EMN) upgraded to Buy from Neutral at Nomura... Expedia (EXPE) upgraded to Buy from Hold at Deutsche Bank... Kirby (KEX) upgraded to Overweight from Equal Weight at Stephens... MetLife (MET) upgraded to Outperform from Sector Perform at RBC Capital... NRG Yield (NYLD) upgraded to Buy from Hold at Evercore ISI... Nova Measuring (NVMI) upgraded to Buy at CanaccordPPL Corp. (PPL) upgraded to Buy from Hold at Jefferies... Progressive (PGR) upgraded to Outperform from Market Perform at Raymond James... STMicroelectronics (STM) upgraded to Equal Weight from Underweight at Barclays... SanDisk (SNDK) upgraded to Buy from Hold at Summit Research... SouFun (SFUN) upgraded to Outperform from Neutral at Macquarie... Zurich Insurance (ZURVY) upgraded to Buy from Hold at Jefferies.

Barclays raised the firm's price target on Zurich Insurance to CHF 520 from CHF 515 and keeps an Overweight rating on the shares.

UBS raised the firm's price target on Progressive to $218 from $216 and keeps a Neutral rating on the shares. The firm cites the company's Q1 earnings beat and a higher policies in force growth assumption in personal auto insurance, along with a better personal auto loss ratio, and higher net investment income. Progressive should continue to overearn in 2024, driven by rate increases and loss trend moderating quicker than expected, the analyst tells investors in a research note.