Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Caterpillar (CAT) downgraded to Neutral from Buy at BofA with analyst Ross Gilardi saying that while the company offers a strong balance sheet and a near-4% dividend, many other companies do as well, and with shares about 20% off their lows, he does not see enough upside to continue justifying a Buy rating. 2. Under Armour (UAA, UA) downgraded to Hold from Buy at Stifel with analyst Jim Duffy saying the disruption from COVID-19 hinders the company's turnaround thesis, which is predicated on an inflection in North American revenue, continued strong international growth led by China and capacity for operating margin expansion. 3. Quest Diagnostics (DGX) downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Hertz (HTZ) downgraded to Underweight from Equal Weight at Consumer Edge. 5. Signet Jewelers (SIG) downgraded to Underperform from Neutral at BofA with analyst Lorraine Hutchinson saying a slower lending rebound could weaken the company's recovery prospects given its reliance on credit to drive half of its sales. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.