Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Casey's General Stores (CASY) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski citing disappointing fourth quarter results and guidance. 2. ArcelorMittal (MT) downgraded to Underperform from Buy at BofA/Merrill with analyst Cedar Ekblom citing lack of stock-specifc catalysts and steel price headwinds. 3. ITT (ITT) downgraded to Neutral from Buy at Goldman Sachs with analyst Joe Ritchie saying he sees limited room for upward revisions to earnings estimates and believes negative sentiment around auto will remain an overhang on the valuation multiple. 4. Omnicom (OMC) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen citing likely cyclical moderation ahead that will pressure agency growth rates.5. Interpublic Group (IPG) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen citing cyclical moderation ahead that will pressure agency growth rates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Argus analyst Kristina Ruggeri raised the firm's price target on Omnicom to $103 from $97 and keeps a Buy rating on the shares. The company's recent acquisition of Flywheel Digital will provide a competitive advantage for the company and near real-time performance measurement of campaigns for its clients, the analyst tells investors in a research note. Omnicom is also positioning itself as a leader in AI tools, which will enable its agency teams to do their jobs more efficiently and focus on high-impact work for clients, while is distribution yield of about 3% is "attractive", the firm added.