Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Neutral from Buy at Citi with analyst Mark May saying despite "solid" Q4 results and management's new bullish long-term targets, the company's sales outlook "points to more challenging near-term business conditions than we expected." 2. Dish (DISH) downgraded to Equal Weight from Overweight at Barclays with analyst Kannan Venkateshwar saying while he believes the stock's current price implies "a deep discount relative to its intrinsic value," that "valuation may be moot if Dish is unable to fund its build and vendors are unwilling to work with the company." 3. D.R. Horton (DHI) double downgraded to Market Perform from Strong Buy at Raymond James while PulteGroup (PHM) was downgraded to Market Perform from Outperform. 4. Dunkin' Brands (DNKN) downgraded to Hold from Buy at Argus with analyst John Staszak citing the management's plans to add fewer stores going forward and the company's prospects for low-single digit same-store sales growth. 5. Sierra Wireless (SWIR) downgraded to Neutral from Outperform at First Analysis and to Underperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

BTIG analyst Carl Reichardt lowered the firm's price target on D.R. Horton to $169 from $174 and keeps a Buy rating on the shares. The firm is reducing its FY24 and FY25 EPS estimates by 3%, stating that while its core homebuilding metric assumptions have not changed, it also sees multi-family and single-family rental property sales environment remaining challenging given uncertainty in the capital markets and cautious investor appetite, the analyst tells investors in a research note.