Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. lululemon (LUL) downgraded to Sell from Hold at Canaccord with analyst Camilo Lyon citing a shift from athleisure wear to denim, which will lead to moderating comps and EBIT margin compression. 2. Verifone (PAY) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler citing the Visa (V) and MasterCard's (MA) announcement that they were delaying the gas pump EMV deadline by three years. 3. Sonic (SONC) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying that while he remains positive on Sonic's long-term fundamentals, he is concerned about a continued slowdown in Sonic's same-store sales growth and awaits a material recovery in SSS. 4. Workday (WDAY) downgraded to Sell on premium valuation at Societe Generale with firm's analyst believing shares are expensive and fears a sharp slowdown in Subscription growth will pressure the stock. 5. PNM Resources (PNM) downgraded to Equal Weight from Overweight at Barclays with analyst Daniel Ford saying the election results present some uncertainty for Regulated Utility performance due to potential tax reform as tax benefits may get passed back to customers and environmental policy uncertainty could reduce long-term capex requirements from CO2 rules. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,