Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at UBS... Alaska Air (ALK) upgraded to Overweight from Equal Weight at Morgan Stanley... Alere (ALR) upgraded to Buy from Neutral at Goldman... Avalanche Biotechnologies (AAVL) upgraded to Neutral from Sell at Chardan... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Nomura... Diageo (DEO) upgraded to Buy from Neutral at Nomura... Echo Global (ECHO) upgraded to Outperform at Credit Suisse... First Horizon (FHN) upgraded to Market Perform from Underperform at Wells Fargo... Goldcorp (GG) upgraded to Action List Buy from Buy at TD Securities... Home Properties (HME) upgraded to Equal Weight from Underweight at Morgan Stanley... InterContinental (IHG) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Equal Weight from Underweight at Morgan Stanley... Johnson Matthey (JMPLY) upgraded to Buy from Neutral at Citi... M&T Bank (MTB) upgraded to Market Perform from Underperform at Wells Fargo... Smith & Nephew (SNN) upgraded to Buy from Neutral at UBS... Team Health (TMH) upgraded to Overweight from Sector Weight at KeyBanc... Univest (UVSP) upgraded to Outperform from Market Perform at Keefe Bruyette... Vanguard Natural (VNR) upgraded to Outperform at Raymond James... Vodafone (VOD) upgraded to Buy from Neutral at Nomura... Zumiez (ZUMZ) upgraded to Buy from Neutral at B. Riley.

FY25 EPS consensus $2.16.

Reports Q1 revenue $30B, consensus $28.65B. Reports Q1 349,000 postpaid phone net adds. "Our results this quarter reflect continued strong growth in our Mobility and Consumer Wireline connectivity businesses, which represent about 80% of our total revenues," said John Stankey, AT&T CEO. "Customers are choosing AT&T and staying with us. We achieved a record-low first-quarter postpaid phone churn, grew consumer broadband subscribers for the third consecutive quarter, and expanded margins in Mobility and Consumer Wireline. We're also delivering on our commitment to grow and improve the quality and cadence of free cash flow, which increased by more than $2 billion year over year. This consistent, solid performance driven by our investment-led strategy gives us confidence to re-affirm our full-year consolidated financial guidance."

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

Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here

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."