Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo analyst Praneeth Satish downgraded the Master Limited Partnership sector to Underweight citing default risk. Among the companies he downgraded include Atlas Resource Partners (ARP), BrietBurn Energy (BBEP), EV Energy (EVEP), Legacy Reserves (LGCY), LINN Energy (LINE), LinnCO (LNCO), Memorial Production (MEMP), and Mid-Con Energy (MDCO). Satish expects all the upstream MLPs he covers to suspend distribution payouts if not done already, and says that there's a high likelihood that many could have zero equity value as hedges expire over the next two years. 2. Garmin (GRMN) downgraded to Underweight at JPMorgan by analyst Paul Coster, who said the rally in shares is an overreaction. He added that Garmin's 2016 outlook calls for "flattish" year-over-year sales. 3. Hormel Foods (HRL) downgraded to Underperform at CLSA, with analyst Diane Geissler citing premium valuation following its robust quarter. 4. Diamondback Energy (FANG) downgraded to Hold at Canaccord citing valuation that appears to be disconnected from the company's growth trajectory. 5. Ingram Micro (IM) downgraded to Hold and Neutral at Needham and Citi, respectively, following Ingram Micro's agreement to be acquired by Tianjin Tianhai for $38.90 per share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.