Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. LabCorp (LH) upgraded to Buy from Hold at Deutsche Bank with analyst Dan Leonard saying he has an "increasingly constructive" view on the Covance contract research business, and believes risks in Diagnostics "now skew to the upside." 2. SeaWorld (SEAS) upgraded to Buy from Neutral at Goldman Sachs with analyst Christopher Prykull saying the company's ongoing revenue optimization efforts are still being underappreciated by the market. 3. Crocs (CROX) upgraded to Outperform from Neutral at Baird. 4. Phillips 66 (PSX) upgraded to Buy from Neutral at Citi. 5. Iqvia (IQV) upgraded to Buy from Neutral at Mizuho with analyst Ann Hynes saying Iqvia's investor day made it clear that its "not just differentiated from its peers, the company is actually light years ahead of its competitors." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Invitae (NVTA) announced that Labcorp (LH) has been selected as the winning bidder in the Company's auction in its sale process under Section 363 of the U.S. Bankruptcy Code. Labcorp will acquire substantially all of the Company's assets on a going concern basis for $239 million in cash consideration, plus other non-cash consideration. The hearing to approve the sale is currently scheduled for May 6, 2024. With Court approval, as well as customary regulatory approvals and closing conditions, Labcorp and Invitae anticipate completing the sale process in the third quarter of 2024.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.

UBS raised the firm's price target on Crocs to $124 from $117 and keeps a Neutral rating on the shares ahead of the Q1 report. The firm sees a balanced upside/downside skew over the earnings print.