Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hertz (HTZ) initiated reinstated an Equal Weight at Barclays. 2. Valvoline (VVV) initiated with a Buy at Monness Cresp. 3. Brunswick (BC) initiated with an Outperform at Imperial Capital. 4. Synergy Resources (SYRG) initiated with an Outperform at RBC Capital. 5. Dexcom (DXCM) initiated with a Neutral at B. Riley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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Canaccord analyst William Plovanic raised the firm's price target on DexCom to $145 from $144 and keeps a Buy rating on the shares. The firm said they reported a slight;ly better than expected Q1 as the company raised the low-end and mid-point of its revenue guidance and reiterated its adjusted GM/OM/EBITDA margins for 2024.

Citi analyst James Hardiman raised the firm's price target on Brunswick to $100 from $98 and keeps a Buy rating on the shares. The company's Q1 performance and Q2 guide were both in-line with expectations but better than feared, and while management maintained the full year outlook, investor skepticism was evident in the form of a 7% decline in shares post earnings, the analyst tells investors in a research note. The firm says Brunswick "is far from out of the woods," with consumer demand and by extension dealer willingness to take on orders in a "punishing" interest rate environment and uncertain macro backdrop the key to the near term.

As previously reported, BofA downgraded Hertz to Underperform from Neutral with a price target of $3, down from $9, telling investors that the company's Q1 results "well below" BofA and Street estimates failed to allay concerns about higher fleet costs that are unlikely to meaningfully subside in the near-term. Liquidity is also an increasing concern and while the firm sees the company having multiple levers to manage its liquidity, it expects the company is "likely to end up with more leverage," the analyst added.

BofA downgraded Hertz to Underperform from Neutral with a price target of $3, down from $9.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here

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Pre-earnings options volume in DexCom is 11.4x normal with calls leading puts 11:2. Implied volatility suggests the market is anticipating a move near 5.8%, or $8.05, after results are released. Median move over the past eight quarters is 5.4%.

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Sees 2024 revenue $6.0B-$6.2B, consensus $6.03B.

Reports Q1 revenue $1.37B, consensus $1.36B. "Our businesses delivered solid results, consistent with expectations, as our continued market share gains, benefits from a wealth of outstanding new products, and comprehensive cost control measures resulted in financial performance in-line with estimates, despite continued economic uncertainty. Our early season internal boat unit retail performance is tracking with our initial outlook of flat to 2023, with boat show results slightly above prior year levels on a unit basis and with a richer mix of premium products. We continue to support retail sales with levels of marketing and promotions appropriate to the environment, while successfully managing field inventory to target levels ahead of the prime selling season. Marine dealers, manufacturers and retailers continue to demonstrate caution with early-season wholesale ordering patterns, resulting in reduced shipment rates across our product businesses as compared to Q1 2023 in which pipelines were being filled. During the quarter, we successfully completed a planned debt issuance of $400M to cover the refinance of our only near-term debt, further solidifying our cash position and balance sheet," said CEO David Foulkes.