Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FIS (FIS) downgraded to Neutral from Buy at Goldman with analyst James Schneider saying he views the current risk/reward as balanced as he believes consensus estimates not reflect margin upside from SunGard. He sees multiple expansion as unlikely following the recent share rally. 2. KVH Industries (KVHI) downgraded to Outperform from Strong Buy at Raymond James with analyst Ric Prentiss saying initial 2017 guidance provided on March 3 was disappointing and believes strategic initiatives will pressure margins in the short-term, but could produce meaningful long-term growth. The analyst thinks 2017 guidance could prove conservative, creating an opportunity to beat reduced expectations. 3. Exelon (EXC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Stephen Byrd saying shares have outperformed and provide a more balanced risk/reward. 4. Gulfport Energy (GPOR) downgraded to Underweight from Equal Weight at Morgan Stanley. 5. Societe Generale (SCGLY) downgraded to Equal Weight from Overweight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.