Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Blue Apron (APRN) downgraded to Hold from Buy at Stifel WITH analyst Scott Devitt saying Blue Apron is facing challenges with the transition to its new fulfillment center in Linden, NJ while at the same time dealing with lower fulfillment efficiency/accuracy stemming from its recent broader product expansion. 2. PNM Resources (PNM) was downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at Ladenburg. 3. Deere (DE) downgraded to Neutral from Outperform at Baird with analyst Mig Dobre citing third quarter results which were below his expectations as the pace of margin improvement lagged his forecast. 4. Foot Locker (FL) downgraded to Market Perform from Outperform at Telsey Advisory. 5. Brunswick (BC) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman citing July SSI data that was significantly worse than expected, which showed just 2% growth for the industry and a 3% decline for the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Sees 2024 revenue $6.0B-$6.2B, consensus $6.03B.

Reports Q1 revenue $1.37B, consensus $1.36B. "Our businesses delivered solid results, consistent with expectations, as our continued market share gains, benefits from a wealth of outstanding new products, and comprehensive cost control measures resulted in financial performance in-line with estimates, despite continued economic uncertainty. Our early season internal boat unit retail performance is tracking with our initial outlook of flat to 2023, with boat show results slightly above prior year levels on a unit basis and with a richer mix of premium products. We continue to support retail sales with levels of marketing and promotions appropriate to the environment, while successfully managing field inventory to target levels ahead of the prime selling season. Marine dealers, manufacturers and retailers continue to demonstrate caution with early-season wholesale ordering patterns, resulting in reduced shipment rates across our product businesses as compared to Q1 2023 in which pipelines were being filled. During the quarter, we successfully completed a planned debt issuance of $400M to cover the refinance of our only near-term debt, further solidifying our cash position and balance sheet," said CEO David Foulkes.

Cyngn (CYN) has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere's (DE) operation in Dubuque, Iowa. Cyngn is a supplier of AI-powered autonomous vehicle and data solutions based in Menlo Park, CA.