On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hanesbrands (HBI) downgraded to Neutral from Buy at Nomura Instinet with analyst Simeon Siegel citng the stock's rise of over 14% year-to-date. 2. Biogen (BIIB) downgraded to Market Perform from Outperform at Raymond James with analyst Laura Chico citing the latest MS survey feedback that continues to show headwinds to the franchise. 3. Terex (TEX) downgraded to Hold from Buy at Deutsche Bank with analyst Nicole DeBlase citing valuation with the shares up 39% year-to-date. 4. JAKKS Pacific (JAKK) downgraded to Underperform from Neutral at DA Davidson with analyst Linda Bolton Weiser saying it expects its EBITDA to drop year-over-year. 5. USG (USG) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.