Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ashland (ASH) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying demand conditions for Ashland have softened since March 2019. 2. AMD (AMD) downgraded to Neutral from Outperform at Exane BNP Paribas. 3. Wex (WEX) downgraded to Hold from Buy at SunTrust with analyst Andrew Jeffrey saying he is positive on the company's competitive position in global fleet and believes that this business can sustain low-mid single digit organic growth rate. However, he is concerned with the growing contribution of its Travel business and its related customer concentration and pricing risk, as revenue in the segment is seen rising to about 30% of the total in 2021. 4. Nucor (NUE) downgraded to Sell from Hold at Deutsche Bank with analyst Chris Terry saying while Nucor on its Q4 earnings call provided supportive commentary for 2020 on end markets, the key new item was capital expenditures in 2020 and 2021. 5. Capri Holdings (CPRI) downgraded to Hold from Buy at Needham with analyst Rick Patel citing a "difficult operating environment" and recent choppiness around its acquired brands. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.