Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Hold at Jefferies with analyst Ken Usdin saying he believes Citi's 2019 will show better revenue growth, stable costs and credit trends, as well as $20B-plus of capital returns. 2. Intel (INTC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Joseph Moore citing his belief that shares "can rerate higher" given that the company has put "a more financially oriented CEO" in charge with the appointment of Robert Swan. 3. Planet Fitness (PLNT) upgraded to Buy from Hold at Jefferies with analyst Randal Konik saying Planet Fitness is a platform for consumer aggregation "with tenets that resemble Amazon's successful model." 4. Dropbox (DBX) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying the selloff creates a buying opportunity. 5. ATN International (ATNI) upgraded to Buy from Hold at Maxim and to Outperform from Market Perform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Citi lowered the firm's price target on Intel to $35 from $40 and keeps a Neutral rating on the shares. Intel reported decent results but guided below consensus as strength from the PC end market was throttled by an issue in wafer assembly, the analyst tells investors in a research note. Citi's checks indicate Intel is on track to draw even with TSMC in manufacturing sometime next year, which is a positive. However, the company is guiding for well above seasonal growth in the second half of 2024, adds the firm.

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

Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.

Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here

Consensus $764.54M. Cuts FY24 adjusted EBITDA view to $190M-$200M. Cuts FY24 capital expenditures view to $100M-$110M from $110M-$120M. The company said, ""We are revising our Fiscal Year 2024 guidance to reflect the softer than expected first quarter results and our current expectations for the balance of the year. While our International Telecom segment is expected to show continued year-on-year growth, the carrier services project delays from the first quarter are expected to create headwinds impacting the US Telecom segment throughout the year. To address this shortfall, our priorities are working to recover the project delivery schedule, pursuing and closing business revenue pipeline opportunities, and accelerating actions to drive the Company toward higher margin levels. Additionally, we are reducing our capital expenditures for 2024 in line with the delays in certain projects and lowering our Adjusted EBITDA expectations as we prioritize improving operating cash flow. We believe that our investments are important to expand the longevity of our network and position us to enhance shareholder value over time."