Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) downgraded to Neutral at BTIG based on valuation and less confidence that the company will execute a transformational Medical Device acquisition given recent stock appreciation in the group. 2. Lockheed Martin (LMT) downgraded to Hold at Stifel as the firm thinks the stock's current valuation is excessive given the $1.5B in annual pension payments the company will have to make in 2018. 3. Mylan (MYL) downgraded to Buy from at Goldman by analyst Jami Rubin who said the cloud over generic drug pricing may persist longer than expected. 4. Western Digital (WDC) downgraded to Underperform at BofA/Merrill citing headwinds from the negative impact of 3D NAND ramps, higher debt levels and increased share count. 5. Deckers Outdoor (DECK) downgraded to Underweight at BB&T based on negative results from footwear, apparel and accessories companies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Lockheed Martin was awarded a $156.99M cost-plus-fixed-fee contract for Joint Air-to-Surface Standoff Missile, or JASSM, enterprise software. This contract provides for the sustainment, modernization, and advancement of JASSM enterprise management software; operational real-time combat analysis systems; SMART-Sync software; mission optimization analysis and reporting capabilities; terminal area model automation systems engineering, integration, and test; and enhanced JASSM advanced training. Work will be performed at King of Prussia, Pennsylvania, and is expected to be completed by April 21, 2025. This contract was a sole source acquisition. FY24 operation and maintenance funds in the amount of $10M are being obligated at time of award for the base year, along with procurement funds of $602,555. The Air Force Life Cycle Management Center is the contracting activity.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here