Today's noteworthy downgrades include: Coty (COTY) downgraded to Market Perform from Outperform at BMO Capital... Forum Energy (FET) downgraded to Neutral from Buy at SunTrust... Garmin (GRMN) downgraded to Neutral from Buy at Goldman... Iconix Brand (ICON) downgraded to Market Perform at Cowen... Infinera (INFN) downgraded to Neutral from Buy at Goldman... Kimberly-Clark (KMB) downgraded to Market Perform from Outperform at BMO Capital... NewLink Genetics (NLNK) downgraded to Hold from Buy at Jefferies... NuVasive (NUVA) downgraded at BofA/Merrill... Phibro Animal Health (PAHC) downgraded to Neutral from Outperform at Macquarie... Procter & Gamble (PG) downgraded to Market Perform from Outperform at BMO Capital... Sandy Spring Bancorp (SASR) downgraded to Market Perform at Raymond James... Spectrum Brands (SPB) downgraded to Market Perform from Outperform at BMO Capital... Stryker (SYK) downgraded to Underweight from Equal Weight at Barclays... Synovus (SNV) downgraded to Outperform from Strong Buy at Raymond James... Universal Truckload (UACL) downgraded to Hold from Buy at Stifel... Webster Financial (WBS) downgraded at Boenning & Scattergood.

Barclays analyst Jared Shaw lowered the firm's price target on Webster Financial to $65 from $70 and keeps an Overweight rating on the shares post the Q1 report. The company's loan and deposits trends struggled, pressuring spread, while credit costs are ticking higher, the analyst tells investors in a research note.

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

Notable gainers among liquid option names this morning include Globe Life (GL) $71.33 +4.94, Super Micro (SMCI) $764.85 +47.83, Danaher (DHR) $250.88 +14.79, Kimberly Clark (KMB) $136.87 +7.94, and General Motors (GM) $45.38 +2.17.

Kimberly-Clark is up 7.5%, or $9.70 to $138.63.

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

Webster Financial's 2024 full year outlook includes full year loan growth of about 5%, deposit growth of 5%-7%, full year net interest income of about $2.4B on a GAAP basis, excluding about $65M of FTE adjustments, assuming two Fed funds rate cuts beginning in September. Webster expects full year adjusted expenses to be in the range of $1.30B-$1.325B with an efficiency ratio in the low to mid 40% range, the company stated in Q1 earnings presentation slides.

Deutsche Bank lowered the firm's price target on Procter & Gamble to $171 from $172 and keeps a Buy rating on the shares following the fiscal Q3 report.

Raymond James raised the firm's price target on Procter & Gamble to $178 from $175 and keeps an Outperform rating on the shares after fiscal Q3 EPS of $1.52 came in well above the firm's estimate and consensus. P&G continues to grow profitability ahead of peers even as top-line growth decelerates, notes the firm, which raised its FY24 EPS estimate to $6.56 from $6.44.

Evercore ISI raised the firm's price target on Procter & Gamble to $177 from $175 and keeps an Outperform rating on the shares. While "understandably" the focus in the earnings call was on the drivers of sales slowing to 3%, comps considered, this 3% rate already marks a rebound versus prior Q2 on a two-year stack and three-year run rate basis, says the analyst, who adds that calendar 2025 Street expectations "strike us as conservative."