Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Melco Resorts (MLCO) downgraded to Neutral from Outperform at Credit Suisse. 2. Tenet (THC) downgraded to Underweight from Neutral at JPMorgan with analyst Gary Taylor saying national hospital revenue trends recovered by late June, but have remained generally stalled since. 3. ADP (ADP) downgraded to Market Perform from Outperform at Cowen with analyst Bryan Bergin saying he sees a lack of catalysts for the shares and expects "continued range-bound trading" over the next several quarters. Darden (DRI) downgraded to Neutral from Outperform at Wedbush with analyst Nick Setyan saying he believes Darden's current valuation appropriately reflects the potential for accelerating organic growth in the medium- to longer-term as market share gains accelerate, as well as some risk to this relatively optimistic scenario playing out over the next 3-5 years. 5. Oneok (OKE) downgraded to Sector Perform from Outperform at Scotiabank with analyst Alonso Guerra-Garcia saying the company represents the lowest one-year return in the Midstream and LNG group, which comes as a result of its current leverage position and the need to repay debt in a low-growth environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.