Today's noteworthy downgrades include: BorgWarner (BWA) downgraded to Equal Weight from Overweight at Barclays... Canadian National (CNI) downgraded to Equal Weight from Overweight at Barclays... Check Point (CHKP) downgraded to Mixed from Positive at OTR Global... Community Health (CYH) downgraded to Sector Weight from Overweight at KeyBanc... Delphi (DLPH) downgraded to Equal Weight from Overweight at Barclays... Domino's Pizza (DPZ) downgraded to Hold from Buy at Stifel... First American (FAF) downgraded to Neutral from Buy at Janney Capital... General Motors (GM) downgraded to Equal Weight from Overweight at Barclays... HCC Insurance (HCC) downgraded to Underperform from Outperform at Raymond James... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Jefferies... Hologic (HOLX) downgraded to Neutral from Buy at BTIG... Kansas City Southern (KSU) downgraded to Underweight from Equal Weight at Barclays... Lear (LEA) downgraded to Equal Weight from Overweight at Barclays... MPLX (MPLX) downgraded to Sell from Hold at Evercore ISI... Masimo (MASI) downgraded to Neutral from Buy at BTIG... Melco International (MDEVF) downgraded to Underweight from Neutral at JPMorgan... Michael Kors (KORS) downgraded to Mixed from Positive at OTR Global... Norfolk Southern (NSC) downgraded to Equal Weight from Overweight at Barclays... Paychex (PAYX) downgraded to Neutral from Buy at Goldman... Performance Sports Group (PSG) downgraded to Neutral from Buy at BofA/Merrill... Pinnacle Foods (PF) downgraded to Hold from Buy at Deutsche Bank... Rovi (ROVI) downgraded to Sector Weight from Overweight at KeyBanc... Under Armour (UA) downgraded to Mixed from Positive at OTR Global... Universal Health (UHS) downgraded to Sector Weight from Overweight at KeyBanc... Walker & Dunlop (WD) downgraded to Neutral from Buy at Compass Point... Weyerhaeuser (WY) downgraded to Neutral from Buy at BofA/Merrill.

Reports Q1 revenue $3.14B, consensus $3.09B. On a same-store basis, admissions increased 3.8% and adjusted admissions increased 1.9%, compared to the same period in 2023. The company said, "We were pleased with our first quarter performance compared to both prior year and prior quarter. Progress was demonstrated on key operational and strategic priorities, and we remain focused on building further momentum as we pursue the opportunities available to us this year"

Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.

RBC Capital raised the firm's price target on General Motors to $58 from $56 and keeps an Outperform rating on the shares. The company's Q1 EBIT beat was "impressive" while its management remained bullish on its EV plans for 2024, with several key launches coming in the second half of the year, the analyst tells investors in a research note. RBC adds that GM investors should expect more buybacks to come in the future.

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

Citi raised the firm's price target on General Motors to $96 from $95 and keeps a Buy rating on the shares. The analyst increased estimates post the company's Q1 beat. GM remains the analyst's top pick. The company offered encouraging Q2 outlook commentary, suggesting further upside potential to the 2024 guide, and offered a confident tone around the electric vehicle outlook, the analyst tells investors in a research note. "Quarters like this continue to support the case that the now 5+yr running pushback on the stock has grown stale," contends Citi.