Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Azure Power (AZRE) downgraded to Hold from Buy at HSBC with analyst Puneet Gulati citing valuation. 2. Copa Holdings (CPA) downgraded to Underweight from Overweight at Barclays. 3. Expedia (EXPE) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney saying that his recent survey suggests that the company is facing increasing competitive risks and a very slow recovery in online travel booking, with 49% of U.S and 55% of U.K. respondents indicating that pre-COVID level of travel will be reached in 2021 and 33% saying it will be reached in 2022 or later. 4. PBF Energy (PBF) double downgraded to Underperform from Outperform at Credit Suisse with analyst Manav Gupta saying with both Martinez and Torrance in California, PBF is "over-levered: to a region where demand is in a structural decline and the regulatory environment is largely unfavorable. 5. Vipshop (VIPS) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Eddy Wang saying not only is China's apparel and footwear discount retail market growth slowing, but Wang said he expects more intense competition will lead to Vipshop losing share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.