Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Deutsche bank analyst Michael Linenberg downgraded Delta Air Lines (DAL), American Airlines (AAL), United Continental (UAL) and Hawaiian Holdings (HA) to Hold citing several economic indicators suggest a more challenging market. He adds that the slowdown in U.S. corporate profits could lead to reduced demand for corporate travel. 2. Seaspan (SSW) downgraded to Underweight at Barclays by analyst Brandon Oglenski, who said he sees mounting pressures for the company to maintain its current dividend. He adds that challenges in container shipping markets "set an ominous backdrop for common equity holders." 3. TEGNA (TGNA) downgraded to Underweight at Barclays with analyst Kannan Venkateshwar saying that the company's future growth has low visibility. The analyst expects the shares to underperform media peers. 4. Pengrowth Energy (PGH) downgraded to Reduce at TD Securities citing recent share strength and expected production declines. 5. AT&T (T) downgraded to Sell at MoffettNathanson. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Notable gainers among liquid option names this morning include Genuine Parts (GPC) $159.09 +15.03, Globe Life (GL) $66.97 +3.74, Anthem (ELV) $532.10 +23.13, United Continental (UAL) $50.59 +1.84, and UnitedHealth (UNH) $494.80 +15.81.

Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).

Raymond James raised the firm's price target on United Airlines to $70 from $66 and keeps an Outperform rating on the shares. United's 1H24 earnings trend drives greater confidence in the $9-$11 2024 EPS, the analyst tells investors in a research note. The firm believes the $7-$9B annual capital expenditures guidance for 2025-2027 was ahead of expectations that had been declining in recent months and plans for 100 narrowbody aircraft on average annually is considerable in terms of operational execution and potential growth, and expects United to focus on maximizing profits, with greater clarify on earnings and free cash flow targets at an investor day event likely later this year.

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

Says without approximately $200M impact Boeing (BA) 737 MAX 9 from grounding, United (UAL) would have reported a quarterly profit.

Seaport Research raised the firm's price target on United Airlines to $66 from $60 and keeps a Buy rating on the shares. The company reported Q1 results that "handily bettered consensus," the analyst tells investors. The firm notes no change has been made to its thesis made in January, but notes consensus for the year has to move higher.

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here