Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ericsson (ERIC) downgraded to Market Perform at Bernstein and Cowen. Bernstein said the company lost traction in its services business and showed disappointing increases in its capitalized R&D. Cowen analyst Paul Silverstein cited another operating disappointment, the need for additional restructuring, and no meaningful improvement in sight. 2. Nordstrom (JWN) downgraded to Sell at Evercore ISI by analyst Omar Saad, who said Nordstrom's has allocated capital and resources to support an aggressive commoditizing ecommerce and off-price strategies while distancing itself from its long-standing, carefully cultivated identity. He added that the result has been an addition of nearly $6B in sales since 2007, but at the expense of a 21% hit to operating profits over the same period. 3. United Continental (UAL) downgraded to Neutral at Sterne Agee CRT citing several headwinds that are difficult to overcome, including its energy belt exposure, competitive and economic issues in China, and European weakness. 4. American Express (AXP) downgraded to Hold at Deutsche Bank by analyst David Ho, who said that rising expectations limits upside to the stock. 5. United Rentals (URI) downgraded to Hold at Stifel and to Sector Perform at RBC Capital. Stifel said that equipment oversupply is causing greater than expected pricing pressure while RBC Capital said excess industry fleet oversupply and United's exposure to weak Canadian markets will be drags on performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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