Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Outperform from Neutral at Wedbush with analyst Matt Bryson saying the upgrade is not a call on the quarter, as he doesn't expect meaningful upside to Q1 and expects the company's Q2 outlook to also be muted or in-line with the Street, but that he sees an improving memory dynamic. 2. Freeport McMoRan (FCX) upgraded to Outperform from Market Perform at BMO Capital with analyst David Gagliano saying Freeport shares are positioned to be the "go to" name within the U.S. Metals & Mining sector for those seeking exposure to a broader macro-economic demand recovery in 2020. 3. Parker-Hannifin (PH) was upgraded to Buy from Neutral at BofA/Merrill and to Buy from Hold at Stifel. 4. Vera Bradley (VRA) upgraded to Outperform from Market Perform at Cowen with analyst Oliver Chen saying he believes performance and "hands free" driven product innovation will drive consistent comps. 5. Johnson & Johnson (JNJ) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Lewis saying pharma growth is likely to accelerate in 2020, which historically has lifted the stock's multiple, while its Consumer segment is stabilizing and the Medical Devices & Diagnostics unit has seen "six consecutive quarters of momentum improvement." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Parker Hannifin has declared a quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of May 10, payable June 7.