Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Herbalife (HLF) initiated with Buy rating at Tigress Financial. 2. Winnebago (WGO) initiated with a Buy at CL King. 3. Visteon (VC) initiated with an Equal Weight at Morgan Stanley. 4. Repligen (RGEN) initiated with an Equal-Weight at First Analysis. 5. Ritchie Bros. (RBA) assumed with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

Wells Fargo upgraded Visteon to Equal Weight from Underweight with a price target of $108, up from $106. The firm cites valuation and improving margins for the upgrade. Visteon screens well vs. peers as growth over market helps offset flat LVP, lower labor inflation risk, improving free cash flow and competitor disruption, though risks remain around battery electric vehicle growth and profitability, the analyst tells investors in a research note.

Sees 2024 adjusted EBITDA $470M-$500M and adjusted free cash flow $155M-$185M.

Reports Q1 revenue $933M, consensus $977.87M. "Our first quarter results highlight our continued progress on addressing the megatrends of digitalization and electrification that are rapidly changing the automotive industry. I am very proud of our continued operational execution and launching a high number of new products across the globe to support our customers and deliver near-term growth," said CEO Sachin Lawande. "We are also strengthening our future with another strong quarter of new business wins across our digital cockpit products while further diversifying into adjacent end markets."