Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Barclays analyst David Fintzen upgraded JetBlue (JBLU) to Overweight and Southwest (LUV) to Equal Weight after revising his airline estimates to reflect higher fuel assumptions. Fintzen said JetBlue is his second best idea in the space behind United Continental (UAL). He added that Southwest's "RASM has been more durable." 2. Anadarko (APC) upgraded to Overweight at JPMorgan by analyst Arun Jayaram, who cited an attractive relative valuation, the company's resilient production profile and its balance sheet improvements. 3. Micron (MU) upgraded to Strong Buy at Raymond James with analyst Hans Mosesmann calling the rating change "tactical" following yesterday's Seagate (STX) related weakness. 4. Devon Energy (DVN) upgraded to Buy at Evercore ISI by analyst Stephen Richardson, who said the company has changed its portfolio dramatically and its economics are improving as it highlights rig efficiency gains in the Delaware Bone Spring. 5. Kilroy Realty (KRC) upgraded to Outperform at BMO Capital due to the belief that the company's stock discount to net asset value should narrow as it continues to sell assets at significant profits and return the proceeds to shareholders. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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Sees Q4 revenue $1.7B-$2.0B, consensus $1.85B

Reports Q3 revenue $1.66B, consensus $1.68B. "Seagate's March quarter revenue grew 6% and non-GAAP EPS more than doubled over the December quarter as we benefit from improving cloud demand, our strong operating discipline and price execution. This combination sets the foundation for a return to target margin performance as the markets recover," said Dave Mosley, CEO. "This constructive demand backdrop is well-timed as we prepare to ramp our Mozaic products, anchored by industry-leading HAMR technology. HAMR-based products offer compelling economic value for our customers and position Seagate to drive further financial performance gains, as well as capitalize on favorable long-term demand for mass capacity storage."

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 more A220s in service than E190s by the end of April. Says expects average of 11 aircraft to be out of service due to GTF issues through year. Says continues to work towards reaching agreement with Pratt & Whitney for compensation. Expects the number of grounded planes to increase above 2024 levels next year. Says continues to opportunistically look at hedging as a means of mitigating risk. Says 100% focused on executing on strategic initiatives.

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

Says evaluating capital light growth options. Says Latin geography continues to be pressured from the elevated industry capacity, expecting unit revenue down mid-teens in Q2. Says $175M-$200M structural cost program achieved $100M in savings since program start. Says fleet modernization program achieved $70M in total program savings, increased expected size of program from $75M to $100M. Says Pratt & Whitney compensation accounting update driving incremental pressure on full-year CASM-ex Fuel guidance. Says actively exploring further cost savings opportunities in productivity, maintenance spend optimization and technology-enabled efficiencies. Says after deferring aircraft to smooth delivery profile, actively exploring opportunities to extend the life of about 30 A320 aircraft to supplement future growth. Says carrying a healthy unencumbered asset base. Comments taken from Q1 earnings conference call slides.

Sees FY24 CASM ex-fuel up mid-to-high single digits y/y. Sees FY24 CapEx ~$1.6B.

Reports Q1 revenue $2.2B, consensus $2.2B. "Thanks to our incredible crewmembers and our reinvigorated focus on improving reliability, our operation performed above plan in the first quarter, resulting in revenue and costs coming in better than expectations," said Joanna Geraghty, JetBlue's chief executive officer. "As we look to the full year, significant elevated capacity in our Latin region, which represents a large portion of JetBlue's network, will likely continue to pressure revenue and we expect a setback in our expectations for the full year. We have full confidence that continuing to take action on our refocused standalone strategy is the right path forward to ultimately return to profitability again." "We've begun rolling out the initial components of our refocused plan. In the first quarter, we announced a number of significant network changes, which are designed to free up unprofitable flying and reallocate it to proven leisure markets where JetBlue has historically won" said Marty St. George, JetBlue's president. "Demand remained healthy in peak periods, and in particular, we saw encouraging performance from our domestic and transatlantic flying, as well as continued outsized demand for our premium seating options."