Today's noteworthy downgrades include: Airgas (ARG) downgraded to Hold from Buy at Jefferies... Akamai (AKAM) downgraded to Sell from Neutral at Goldman... American Woodmark (AMWD) downgraded to Neutral at Baird... Autodesk (ADSK) downgraded to Sector Perform from Outperform at RBC Capital... Barclays (BCS) downgraded to Equal Weight from Overweight at Morgan Stanley... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Cantor... CIBC (CM) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Canon (CAJ) downgraded to Neutral from Outperform at Macquarie... Chart Industries (GTLS) downgraded to Neutral from Overweight at Piper Jaffray... Cloud Peak (CLD) downgraded to Sell from Buy at UBS... Cnova (CNV) downgraded to Neutral from Overweight at JPMorgan... Diana Containerships (DCIX) downgraded to Underperform at Wells Fargo... Diana Shipping (DSX) downgraded to Market Perform from Outperform at Wells Fargo... Eagle Materials (EXP) downgraded to Neutral from Buy at Goldman... El Paso Electric (EE) downgraded to Underperform from Hold at Jefferies... Express (EXPR) downgraded to Sell from Neutral at Goldman... Fidelity & Guaranty Life (FGL) downgraded to Sector Perform from Outperform at RBC Capital... Grifols (GRFS) downgraded to Hold from Buy at Berenberg... Hanmi Financial (HAFC) downgraded to Neutral from Overweight at Piper Jaffray... Hawaiian Electric (HE) downgraded to Market Perform from Outperform at Wells Fargo... K+S (KPLUF) downgraded to Underperform from Neutral at Credit Suisse... Mentor Graphics (MENT) downgraded to Hold from Buy at Needham... Nimble Storage (NMBL) downgraded to Sector Weight from Overweight at Pacific Crest... Peabody (BTU) downgraded to Sell from Neutral at UBS... PolyOne (POL) downgraded to Neutral from Accumulate at Seaport Global... Restoration Hardware (RH) downgraded to Neutral from Buy at Goldman... Sanderson Farms (SAFM) downgraded to Neutral from Buy at Sidoti... Seaspan (SSW) downgraded to Market Perform from Outperform at Wells Fargo... SunEdison (SUNE) downgraded to Neutral from Overweight at JPMorgan... Williams-Sonoma (WSM) downgraded to Buy from Conviction Buy at Goldman... Workday (WDAY) downgraded to Neutral from Outperform at Wedbush.

New option listings for April 24th include PROSHARES ULTRA BITCOIN ETF (BITU), Five Star Bancorp (FSBC), PROSHARES ULTRASHORT BITCOIN ETF (SBIT), and Sera Prognostics Inc (SERA). Option delistings effective April 24th include Express, Inc. (EXPR).

Bullish option flow detected in Hawaiian Electric with 2,588 calls trading, 1.1x expected, and implied vol increasing over 10 points to 57.09%. 5/3 weekly 11.5 calls and 5/3 weekly 10 puts are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.61. Earnings are expected on May 10th.

JPMorgan raised the firm's price target on Barclays to 240 GBp from 220 GBp and keeps an Overweight rating on the shares.