Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Hold from Buy at Canaccord with analyst Jed Dorsheimer saying he sees a "balanced" risk/reward for investors to lock in profits following the recent rally in the shares. Further, China's coronavirus is a "clear headwind" risk to Tesla's Shanghai facility, suggesting a more "pragmatic position" is warranted. 2. Albemarle (ALB) downgraded to Neutral from Outperform at Baird with analyst Ben Kallo saying Albemarle has traded higher in conjunction with Tesla's stock move and a renewed investor interest in electric vehicles. While the analyst remains constructive on long-term trends, he thinks Albemarle's near-term risk/reward is now more balanced. Further, there is some risk to the company's Catalysts and Bromine segments related to the coronavirus outbreak and slower end-market demand. He believes Albemarle shares are fairly valued. 3. Seagate (STX) downgraded to Sell from Hold at Summit Insights. 4. Gilead (GILD) downgraded to Outperform from Strong Buy at Raymond James with analyst Steven Seedhouse saying that while he believes shares remain undervalued and that the stock is likely to outperform in the next 12-18 months, his current model suggests flattish revenue for the next several years as growth opportunities are offset by Truvada LOE in September 2020.. 5. Sherwin-Williams (SHW) downgraded to Neutral from Positive at Susquehanna with analyst Donald Carson saying he lowered his estimates in conjunction with the downgrade after incorporating company guidance. Carson lowered his price target to $620 from $680 on Sherwin-Williams shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here

Sees Q4 revenue $1.7B-$2.0B, consensus $1.85B

Reports Q3 revenue $1.66B, consensus $1.68B. "Seagate's March quarter revenue grew 6% and non-GAAP EPS more than doubled over the December quarter as we benefit from improving cloud demand, our strong operating discipline and price execution. This combination sets the foundation for a return to target margin performance as the markets recover," said Dave Mosley, CEO. "This constructive demand backdrop is well-timed as we prepare to ramp our Mozaic products, anchored by industry-leading HAMR technology. HAMR-based products offer compelling economic value for our customers and position Seagate to drive further financial performance gains, as well as capitalize on favorable long-term demand for mass capacity storage."

Tesla (TSLA) is expected to report results on its fiscal first quarter on Tuesday, April 23, with a conference call scheduled for 5:30 pm EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here

Sees FY24 revenue growth up in low to mid-single digits, consensus $23.78B.

Consensus for Q2 revenue is $6.36B.

Wells Fargo lowered the firm's price target on On Semiconductor (ON) to $95 from $110 and keeps an Overweight rating on the shares ahead of quarterly results. The firm anticipates On to deliver a Q2 guide slightly below expectations as it adjusts to Tesla-specific (TSLA) production softness specific to image sensor and SiC sales.