Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Endo (ENDP) downgraded to Neutral at Piper Jaffray by analyst David Amsellem, who said it will be difficult for Endo to make much of a dent in its net debt over the next two years amid significant pressure on its generics segment. The analyst adds that it is not clear that Endo is positioned to return to earnings growth in 2017 following management's comments on the earnings call. Endo was also downgraded at Leerink, RBC Capital and Mizuho due to the company's lowered business outlook and a lack of conviction that management can turnaround the business in a timely fashion. 2. Zoetis (ZTS) downgraded to Sell at Goldman with analyst Jami Rubin saying the company's fundamentals are sound, but peers offer more share upside. 3. Michaels (MIK) downgraded to Neutral at Goldman citing valuation following the recent rally in the shares. 4. Square (SQ) downgraded to Underperform at Wedbush by analyst Gil Luria based on expectations growth will decelerate over the next couple years due to intensified competition from PayPal (PYPL). Luria believes Square is close to saturation and sees early signs in the lack of merchant count growth over the last few quarters and said margins are increasingly capped. 5. Weatherford (WFT) downgraded to Market Perform at Wells Fargo with analyst Judson Bailey citing "significantly greater concern" about the company's liquidity position. The analyst sees a "significantly lower" cash flow outlook for Weatherford through 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Baird raised the firm's price target on Block to $98 from $95 and keeps an Outperform rating on the shares. The firm expects Q1 EBITDA to beat, and guidance to be likely mildly raised. They like the shares into Q1 results and wouldn't be shocked to see them nicely over $100 in a year.

Michaels announced lower prices on over 5,000 items across categories spanning arts, crafts, DIY and home decor, offering customers everyday savings on the products they shop the most. With these latest markdowns, Michaels is helping customers fuel the joy of creativity while maximizing value. Lower prices are now in effect across categories including home decor, art supplies, seasonal items, kids' projects, wall frames, and more. To keep creativity accessible for as many customers as possible, the prices of frequently bought items like paint, markers and pens have been reduced by up to 15%; adhesive and permanent vinyl, papers, stickers, and unfinished wood letters have been reduced by up to 20%; canvases have been reduced by up to 35%, and T-shirts have been reduced by up to 40%.