Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he sees an unfavorable risk/reward at current valuation levels following the stock's recent rally. 2. Diageo (DEO) downgraded to Hold from Buy at Jefferies with analyst Edward Mundy citing valuation. 3. Owens Corning (OC) downgraded to Underweight from Neutral at JPMorgan. 4. Maxim Integrated (MXIM) downgraded to Underweight from Equal Weight at Barclays with analyst Blayne Curtis saying the company lacks growth drivers, is overly levered to Industrial Automation which is unlikely to recover, and trades at a premium to Analog peers. 5. Michaels (MIK) downgraded to Sell from Neutral at Goldman Sachs with analyst Kate McShane citing valuation. 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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