Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) downgraded to Neutral from Buy at Guggenheim with analyst Eric Wasserstrom saying he believes Mergers & Acquisitions volumes are subsiding following an expansion to $4.1T in 2015 and forecasts flat volumes of $3.5T annually for 2016-2018. 2. AB InBev (BUD) downgraded to Hold from Buy at Societe Generale with analyst Andrew Holland citing expectations that the company will reduce its dividend in 2016. 3. AMC Networks (AMCX) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Andy Hargreaves saying that the company's ratings have been weak so far this year. 4. Dynegy (DYN) downgraded to Sector Perform from Outperform at RBC Capital with the firm citing its belief that the company's 2017 and 2018 results will miss expectations amid limited gas price increases and a lack of investment in "coal exposed" independent power producers. 5. Cabot Oil & Gas (COG) downgraded to Hold from Buy at SunTrust. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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