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 Jefferies with analyst Philippe Houchois saying he remains convinced by Tesla's "equity opportunity," but also believes that its valuation needs to be grounded on its potential market size and profitability. 2. Palo Alto Networks (PANW) downgraded to Neutral from Overweight at JPMorgan, to Neutral from Buy at Dougherty, to Hold from Buy at Deutsche Bank, to Market Perform from Outperform at BMO Capital, and to Sector Perform from Outperform at RBC Capital. 3. Micron (MU) double downgraded to Underperform from Buy at BofA with analyst Simon Woo saying he is concerned about earnings misses or guidance cuts for the March quarter. 4. Wayfair (W) downgraded to Equal Weight from Overweight at Stephens with analyst Rick Nelson saying investor sentiment has shifted against Wayfair with the stock down almost 60% from the March 2019 high of $174. 5. Nvidia (NVDA) downgraded to Reduce from Neutral at Nomura Instinet with analyst David Wong saying risks to the global semiconductor industry posed by the coronavirus outbreak have grown over the last few weeks. 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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