Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Underperform from Market Perform at Raymond James with analyst Savanthi Syth saying she views American Airlines as priced close to perfection, which potentially invites an equity issuance to address the highly levered balance sheet. 2. Burberry (BURBY) downgraded to Sell from Neutral at Goldman Sachs with analyst Louise Singlehurst saying balancing investment to reinvigorate growth against a tough market environment could result in a reset of Burberry's margin profile. 3. Rayonier Advanced Materials (RYAM) downgraded to Sector Perform from Outperform at RBC Capital with analyst Paul Quinn saying in the near term, the analyst believes that pulp prices will show some weakness and that producer discounts will increase based on a weakening demand outlook along with increasing push-back on price increases. 4. Slack Technologies (WORK) downgraded to Neutral from Buy at Monness Crespi with analyst Brian White citing valuation. 5. eBay (EBAY) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Salmon saying he continues to see a "largely positive outlook" for eBay but finds the stock's risk/reward as more balanced at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.