Wells Fargo analyst Peter Stabler downgraded Match Group to Market Perform while raising his price target for the shares to $45 from $42. The analyst believes further share appreciation will need to rely "more squarely on positive revisions rather than multiple expansion." He sees a lot to like about the Match story but feels high expectations are priced into the shares.

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mattel (MAT) downgraded to Underweight from Equal Weight at Barclays, with analyst Felicia Hendrix saying Mattel faces downside risk from the potential Toys R Us liquidation. 2. Himax (HIMX) downgraded to Market Perform from Outperform at Northland and to Neutral from Buy at Nomura Instinet. 3. Ecopetrol (EC) downgraded to Underperform from Hold at Santander. 4. Acacia Communications (ACIA) downgraded to Underweight from Equal Weight at Morgan Stanley, with analyst Meta Marshall saying he thinks Wall Street estimates remain too high for 2019 as he does not see a rebound in Acacia's biggest markets -- namely China and datacomm systems -- being as lucrative as consensus expectations given competition and pricing pressures. 5. Match Group (MTCH) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Peter Stabler saying he believes further share appreciation will need to rely "more squarely on positive revisions rather than multiple expansion." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

UBS analyst Eric Sheridan downgraded Match Group to Neutral while raising his price target for the shares to $48 from $42. The analyst sees a more balanced risk/reward profile with the shares up 45% year-to-date. The long-term growth outlook for the company remains positive, Sheridan tells investors in a research note.