Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Restoration Hardware (RH) downgraded to Underperform from Neutral at Buckingham with the firm's analyst recommending using Restoration Hardware shares as a source of funds ahead of fourth quarter earnings March 30 as he expects a choppy road to recovery in fiscal 2017, marked by trade offs between revenus and margins. Further, Buckingham said liquidity issues could loom large in investors minds this year with its first tranche of $350M in convertible debt due in June 2019, combined with execution challenges, creates uncertainty around a potential earnings recovery. 2. Capstead Mortgage (CMO) downgraded to Market Perform from Outperform at Wells Fargo with analyst Joel Houck saying a modest dividend reduction in the near term can't be ruled out following the company's "disappointing" Q4 results. 3. Asanko Gold (AKG) downgraded to Hold from Speculative Buy at Canaccord with analyst Rahul Paul citing an update on its Asanko Gold mine expansion. The company indicated that mineral reserve is not expected to materially change, and as a result, the analyst lowered his expected reserve additions. 4. Haemonetics (HAE) downgraded to Market Perform from Outperform at Barrington with analyst Michael Petusky citing reduced expectations for next year following the company's third quarter results. The analyst thinks the shares are about fairly valued. 5. Herc Rentals (HRI) downgraded to Neutral from Buy at Northcoast with analyst John Healy saying shares have exceeded his price target of $48 and views risk/reward as balanced. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.