Today's noteworthy downgrades include: Allete (ALE) downgraded to Underweight from Neutral at JPMorgan... Amazon.com (AMZN) downgraded to Hold from Buy at Evercore ISI... Bank of the Ozarks (OZRK) downgraded to Hold from Buy at Wunderlich... Boston Properties (BXP) downgraded to Hold from Buy at Stifel... Brandywine Realty (BDN) downgraded to Hold from Buy at Stifel... CenturyLink (CTL) downgraded to Neutral from Overweight at JPMorgan... Chesapeake (CHK) downgraded to Sell from Neutral at UBS... Citizens Financial (CFG) downgraded to Neutral from Buy at Guggenheim... DCP Midstream (DPM) downgraded to Sell from Neutral at UBS... Evercore Partners (EVR) downgraded to Neutral from Buy at Goldman... Highwoods Properties (HIW) downgraded to Hold from Buy at Stifel... L'Oreal (LRLCY) downgraded to Neutral from Overweight at JPMorgan... Laclede (LG) downgraded to Underweight from Neutral at JPMorgan... Lexington Realty (LXP) downgraded to Neutral from Buy at BofA/Merrill... Murphy Oil (MUR) downgraded to Sell from Neutral at UBS... Netflix (NFLX) downgraded to Neutral from Buy at Citi... STAG Industrial (STAG) downgraded to Neutral from Buy at BofA/Merrill... Stifel Financial (SF) downgraded to Sell from Neutral at Goldman... Teekay Tankers (TNK) downgraded to Sell from Neutral at UBS... W.P. Carey (WPC) downgraded to Underperform from Neutral at BofA/Merrill... Washington Federal (WAFD) downgraded to Underperform from Neutral at Macquarie... Williams (WMB) downgraded to Neutral from Overweight at JPMorgan... World Acceptance (WRLD) downgraded to Market Perform from Outperform at FBR Capital... Zimmer (ZMH) downgraded to Hold from Buy at Brean Capital.

Roth MKM analyst Rohit Kulkarni keeps a Buy rating and $205 price target on Amazon.com while noting that the firm's recent discussion with a 25-year veteran in e-commerce suggested that the company still has significant supply chain efficiencies to tap into. The firm hosted a webinar with an industry veteran who believes that the company will continue to tweak the regional distribution model and grow shipping efficiency, noting that Amazon.com still has over 20% of efficiencies left to gain, the analyst tells investors in a research note.

Advertising Analysts, along with experts from VaynerMedia, discuss 1Q ad spending trends across key platforms including Search (GOOG), Social (META PINS SNAP RDDT), CTV/Video (ROKU NFIX), Retail Media (AMZN) on an Analyst/Industry conference call to be held on April 17 at 2 pm.

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

Brandywine Realty Trust announced that its operating partnership, Brandywine Operating Partnership, has commenced a cash tender offer for any and all of the $335,100,000 outstanding principal amount of its 4.10% Guaranteed Notes due October 1, 2024. The "Purchase Price" offered per $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the Tender Offer will be determined by the Dealer Managers referred to below in the manner described in the Offer to Purchase by reference to the fixed spread for the Notes specified above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT3 series of pages, at 10:00 a.m., New York City time, on April 19, 2024. Holders will also receive in cash an amount equal to Accrued Interest in addition to the Purchase Price. The Tender Offer consists of an offer on the terms and conditions set forth in the offer to purchase, dated April 15, 2024, and the related letter of transmittal and notice of guaranteed delivery, to purchase for cash any and all of the Notes. The Tender Offer will expire at 5:00 p.m., New York City time, on April 19, 2024, unless extended or earlier terminated. Holders of Notes must validly tender and not validly withdraw their Notes prior to or at the Expiration Date to be eligible to receive the Purchase Price.

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Salesforce (CRM) is in advanced talks to acquire Informatica (INFA) but the price being discussed is below Informatica's closing stock price of $38.48 as a result of the recent jump, Lauren Thomas, Laura Cooper and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter. 2. Apple (AAPL) denied violating a court order governing its App Store and urged a California federal judge to reject a request by "Fortnite" developer Epic Games to hold it in contempt, Reuters' Mike Scarcella reports. Apple made the arguments in a filing to U.S. District Judge Yvonne Gonzalez Rogers in Oakland, who presided over Epic's lawsuit in 2020 accusing Apple of violating antitrust law with its tight controls over how consumers download apps and pay for transactions within them. The Apple filing criticized what it called an attempt by Epic to make Apple's "tools and technologies available to developers for free." 3. Netflix (NFLX) is the forgotten tech giant - but its upcoming earnings report should help investors remember why they loved the stock in the first place, Paul R. La Monica writes in this week's edition of Barron's. The streaming-media leader was once part of the Nasdaq's FAANG club, an acronym traders used to describe Facebook parent Meta Platforms (META), Amazon.com (AMZN), Apple, Netflix, and Google owner Alphabet (GOOGL). But FAANG has since been replaced by the Magnificent Seven, a group that includes the four largest FAANGs, as well as Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA)...and excludes Netflix. But with Netflix set to report its first-quarter earnings on April 18, investors shouldn't sleep on the stock, the author says. 4. A24's "Civil War" won this weekend's box office with a $25.7M debut, making it the biggest opening ever for A24. The dystopian action movie sports a B- CinemaScore, with the audience skewing heavily male - 73%. The debut is also the biggest for an R-rated movie this year. 5. Timken (TKR) saw a positive mention in this week's edition of Barron's.

"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. A24’s “Civil War”... To see the rest of the story go to thefly.com. See Story Here