Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bloomin' Brands (BLMN) downgraded to Hold from Buy at Deutsche Bank with analyst Brian Mullan saying to reflect the "lackluster" casual dining industry data throughout the Q3, he lowered his blended Q3 U.S. same-store-sales estimate for Bloomin' to up 0.6% from up 1.1%, below the current consensus of up 1.2%. 2. Enbridge (ENB) downgraded to Equal Weight from Overweight at Barclays with analyst Christine Cho saying she thinks the stock's risk/reward is "more fairly balanced at this juncture," especially given the continued headline risks around Line 3 and Line 5. 3. Tallgrass Energy (TGE) downgraded to Neutral from Buy at Citi with analyst Timm Schneider saying after "some market jitters last week," Blackstone (BX) and Tallgrass Energy both released statements confirming the take-private offer is still alive and in front of the conflicts committee. 4. Terex (TEX) downgraded to Sell from Neutral at Citi. 5. Allegheny Technologies (ATI) downgraded to Underperform from Neutral at Longbow with analyst Chris Olin saying a survey of his industry contacts revealed events he believes could have a "disproportionately negative impact" on Allegheny results in calendar year 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Reports Q1 revenue $1.3B, consensus $1.24B. "Terex delivered excellent first quarter results, achieving sales growth and margin expansion versus the prior year," said CEO Simon Meester. "The Terex team continues to perform at a high level and demonstrate the power of its focused strategy and its proven ability to create value. We are raising our full-year outlook to reflect our strong first quarter performance, while also prudently planning for continued softness in Europe over the balance of the year." Meester continued, "Overall, customer demand remains strong for Terex's differentiated products as evidenced by our robust backlog. In addition, we are advancing our new product initiatives to bolster the Company's portfolio of market-leading businesses that will continue to benefit from megatrends over the coming years. We are focused on accelerating our profitable growth strategy and are committed to delivering strong performance through the cycle."