Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nokia (NOK) downgraded to Hold from Buy at Canaccord with analyst T. Michael Walkley downgrading Nokia after removing revenue from Apple (AAPL) from his model. The analyst cut his price target for the shares to $5.00 from $5.50. Given the recent lawsuit announcements between the two companies regarding licensing agreements, the analyst removed the "high-margin" Apple licensing revenue from Nokia's Technologies division estimates for 2017 and 2018. Further, Walkley does not expect meaningful 5G carrier investments until 2019 and an ongoing challenging macro spending environment through 2018. 2. Dollar General (DG) downgraded to Neutral from Buy at BofA/Merrill with analyst Denise Chai saying higher gas prices and increased risk appetite into more cyclical retail stocks could weigh on the dollar store sector. The analyst lowered her price target to $81 from $87. 3. Zillow (Z, ZG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak citing valuation. 4. GameStop (GME) downgraded to Neutral from Outperform at Macquarie with analyst Ben Schachter saying GameStop is "fighting" to diversify into new businesses as the core console game industry faces challenges and does not confidence that the company, or anyone can accurately forecast 2017 console market growth. Additionally, the analyst is more cautious on GameStop's near-term outlook due to lack of management credibility following recent revenue misses, concerns on used game demand if new games do not rebound, uncertain cash flow, growing Amazon (AMZN) competition, and limited insider buying. The analyst lowered his price target to $23 from $27. 5. Advance Auto Parts (AAP) was downgraded to Neutral from Buy while Ritchie Bros. (RBA) was downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.

Jefferies raised the firm's price target on Zillow to $77 from $75 and keeps a Buy rating on the shares. The firm expects upside in Q1, though higher mortgage rates and softer housing data exiting the quarter could encourage Zillow to guide Q2 conservatively. Still, the firm sees tailwinds from new products driving upside to consensus in the coming years, the analyst added in a preview note for the U.S. Internet group.