Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Neutral from Overweight at Atlantic Equities with analyst Sam Hudson citing valuation and raised its price target to $168 from $164. 2. Marathon Oil (MRO) downgraded to Neutral from Buy at BofA/Merrill with analysts led by Doug Leggate saying oil markets are taking longer to re-balanced than previously expected and the commodity team lowered its mid year peak in Brent oil prices to $60 from $70. The analyst sees reduced tailwinds from oil prices and risk that growth guidance will be revised lower. Leggate also said lower oil prices reduces capital availability and reduces the pace of development and planned growth for Marathon. 3. Abercrombie & Fitch (ANF) downgraded to Sell from Hold at Wunderlich with analyst Eric Beder citing the recent rally on reports of buyout talks. 4. Terex (TEX) downgraded to Underperform on earnings risk at BofA/Merrill with analyst Ross Gilardi citing disappointing first quarter results for Aerials and Cranes, combined with crude weakness. The analyst does not see a sustained pickup in the Cranes segment and sees rising competition for Aerials that could pressure margins next year. He believes consensus earnings estimates for 2018 are at risk and a lot of improvements are reflected in valuation. 5. Paccar (PCAR) downgraded to Neutral from Buy at BofA/Merrill with analyst Ross Gilardi saying his thesis for order inflection catalysts have played out and said Class 8 order strength could reverse in the second half of 2017. The analyst does not see new truck pricing getting much better and sees lack of catalysts on the horizon to push shares higher. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

As previously reported, BofA/Merrill downgraded Marathon Oil to Neutral from Buy and lowered its price target to $22 from $25. Analysts led by Doug Leggate said oil markets are taking longer to re-balanced than previously expected and the commodity team lowered its mid year peak in Brent oil prices to $60 from $70. The analyst sees reduced tailwinds from oil prices and risk that growth guidance will be revised lower. Leggate also said lower oil prices reduces capital availability and reduces the pace of development and planned growth for Marathon.