Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. O'Reilly Automotive (ORLY) downgraded to Neutral from Buy at Citi with analyst Gregory Badishkanian stating he views O'Reilly as a "best-in-class operator" but is on the sidelines due to valuation. 2. Legg Mason (LM) downgraded to Market Perform from Outperform at Wells Fargo with analyst Christopher Harris saying he believes "substantial value" in Legg Mason has now been unlocked following the implementation of an aggressive cost savings plan and the stock's "meaningful" outperformance year-to-date. 3. Cboe Global Markets (CBOE) downgraded to Underperform from Buy at BofA/Merrill with analyst Michael Carrier noting trends have moderated some in September while its compares in Q4 are tough. 4. Huntington Bancshares (HBAN) downgraded to Neutral from Buy at DA Davidson with analyst Kevin Reevey saying that after a 22.9% rise in its stock price year-to-date and 32% from its 52-week low, the stock is now trading at 9.5% premium to its peers with an earnings multiple of 10.5-times his expected FY20 earnings. 5. Broadcom (AVGO) downgraded to Hold from Buy at Loop Capital with analyst Cody Acree noting that the company met expectations for Q3, but management has warned about the "very low-growth environment" expected for the foreseeable future unless the macro backdrop improves. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom to $1,500 from $1,405 and keeps an Overweight rating on the shares. The analyst increased the price after hosting management for meetings.