Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) downgraded to Hold from Buy at Argus with analyst John Staszak saying while the company did not disclose the potential impact of the COVID Delta variant on flight demand when it last reported results, demand appears to have started to slow in early August. 2. CommScope (COMM) downgraded to Neutral from Buy at BofA with analyst Tal Liani saying industrywide supply constraints are driving component price increases, which could result in tighter margins, while the company is facing a low expected growth rate and an expected slow down in the second half. 3. Trimble (TRMB) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying she believes the stock's year-to-date multiple expansion necessitates a greater level of earnings upside than would likely be achievable as the company laps tougher comps heading into FY22. 4. Lockheed Martin (LMT) and Mercury Systems (MRCY) downgraded to Neutral from Buy at Goldman Sachs with Woodward (WWD) and L3Harris Technologies (LHX) downgraded to Sell from Neutral. 5. Eargo (EAR) double downgraded to Underweight from Overweight at JPMorgan, downgraded to Equal Weight from Overweight at Wells Fargo and downgraded to Market Perform from Outperform at William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.