Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Noodles & Company (NDLS) downgraded to Underweight at Piper Jaffray with analyst Nicole Miller Regan citing a lack of confidence following the company's "series of lowered projections." 2. Patterson-UTI (PTEN) downgraded to Underweight at Stephens by analyst Matthew Marietta, who said he expects the company's condition to deteriorate as the oil downturn continues lower. He also expects its leverage to rise over the next 12-18 months. 3. Boeing (BA) downgraded to Hold at Canaccord by analyst Ken Herbert, who sees incremental free cash flow outlook risk from 777 rate and pricing pressure, and backlog risk from increased airline investments in older aircraft. 4. Chesapeake Lodging (CHSP) downgraded to Market Perform and Sector Perform at Wells Fargo and RBC Capital, respectively. Wells Fargo analyst Jeffrey Donnelly cited further upside potential is limited with the company "increasingly reliant upon a pursuit of strategic alternatives to maximize value." 5. SunEdison (SUNE) downgraded to Neutral and Hold at Macquarie and Needham, respectively, with analysts saying the suspension of dividend payments signals the company is facing a "liquidity crunch." Macquarie analyst Angie Storozynski said the company's complex financial disclosures make it impossible to accurate assess its liquidity position. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
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