Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. First Solar (FSLR) double downgraded to Underperform from Buy at BofA with analyst Julien Dumoulin-Smith saying after the company's "execution hurdles" in fiscal 2019, the analyst sees First Solar's lower than expected fiscal 2020 guidance and announced strategic review of the Systems business as underscoring a "materially lower profile" at the Systems unit. 2. Enbridge (ENB) downgraded to Sell from Neutral at Goldman Sachs with analyst Michael Lapides saying he believes after sizable outperformance and a major share price rally recently, risk/reward appears more unfavorable now - especially given our EBITDA estimates appear below consensus. 3. Domino's Pizza (DPZ) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying the risk/reward has flipped to the downside and although he is positively biased on the company, he feels it is better to wait for an attractive entry point that offers better valuation upside. 4. Wayfair (W) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman saying Wayfair's fundamentals deteriorate when the market is less tolerant of unprofitable online retailers. 5. L Brands (LB) downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.