Today's noteworthy initiations include: 8point3 Energy Partners (CAFD) initiated with an Outperform at Raymond James... Ally Financial (ALLY) initiated with a Buy at Guggenheim... Avolon (AVOL) initiated with a Neutral at Credit Suisse... Baxalta (BXLT) initiated with a Neutral at Goldman... Bill Barrett (BBG) initiated with a Buy at Canaccord... Black Knight Financial (BKFS) initiated with a Neutral at Mizuho... Bonanza Creek (BCEI) initiated with a Buy at Canaccord... Boot Barn (BOOT) initiated with a Buy at B. Riley... CarMax (KMX) initiated with a Neutral at SunTrust... Consolidated Edison (ED) initiated with a Neutral at Mizuho... DAVIDsTEA (DTEA) initiated with a Market Perform at BMO Capital... Duke Energy (DUK) initiated with a Neutral at Mizuho... Edison International (EIX) initiated with a Neutral at Mizuho... EnLink Midstream (ENLC) initiated with a Neutral at JPMorgan... EndoChoice (GI) initiated with an Overweight at JPMorgan... Evolent Health (EVH) initiated with a Buy at Goldman... Fitbit (FIT) initiated with an Outperform at RBC Capital... FleetCor (FLT) initiated with a Neutral at Susquehanna... Genesis Healthcare (GEN) initiated with a Neutral at UBS... Intersect ENT (XENT) initiated with a Buy at Cantor... MarkWest Energy (MWE) initiated with a Hold at Evercore ISI... Newfield Exploration (NFX) initiated with a Buy at BofA/Merrill... PDC Energy (PDCE) initiated with a Buy at Canaccord... PG&E (PCG) initiated with a Buy at Mizuho... PennTex (PTXP) initiated with a Buy at Deutsche Bank... Pinnacle West (PNW) initiated with a Neutral at Mizuho... Santander Consumer (SC) initiated with a Neutral at Guggenheim... Shopify (SHOP) initiated with a Hold at Canaccord... Springleaf (LEAF) initiated with a Buy at Guggenheim... Synchrony Financial (SYF) initiated with a Buy at Guggenheim... Tallgrass Energy GP (TEGP) initiated with a Hold at Evercore ISI... Tallgrass Energy (TEP) initiated with a Buy at Evercore ISI... WEX Inc. (WEX) initiated with a Neutral at Susquehanna... Wisconsin Energy (WEC) initiated with a Buy at Mizuho.

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KeyBanc raised the firm's price target on WEC Energy to $96 from $95 and keeps an Overweight rating on the shares. WEC is led by a strong management team that has demonstrated an ability to execute on its plan and consistently deliver near the top of its guidance range, the analyst tells investors in a research note. The firm believes WEC continues to warrant the premium it trades at relative to peers given its operational execution and confidence in the narrow long-term growth rate.

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

Reports Q1 revenue $1.99B, consensus $1.96B. "Ally's financial and operating results in Q1 reflect the strength and scale of our market leading franchises," said Interim CEO Doug Timmerman. "Our teammates remain focused on what we can control, caring for our customers and communities, and consistently executing against our strategic priorities, driving long-term shareholder value. Dealer financial services continues to demonstrate the benefits of its high-tech, high-touch approach as we decisioned a single quarter record 3.8 million consumer auto applications. Consumer originations totaled nearly $10B with 40% of retail auto volume coming from our highest credit quality tier, positioning us for very attractive risk-adjusted returns going forward. Within Insurance, earned premiums of $349M were also a record, and our comprehensive product suite resulted in new OEM relationships that will drive continued momentum in fee revenue."

Notable companies reporting before tomorrow's open, with earnings consensus, include Blackstone (BX), consensus 96c... Elevance Health (ELV), consensus $10.53... D.R. Horton (DHI), consensus $3.06... Genuine Parts (GPC), consensus $2.16... Snap-on (SNA), consensus $4.64... Keycorp (KEY), consensus 22c... Ally Financial (ALLY), consensus 33c... Alaska Air (ALK), consensus ($1.05).