Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to Equal Weight from Overweight at Barclays with analyst Kannan Venkateshwar saying the growth of Disney+ has slowed significantly despite the launch of new franchise titles and Star+. 2. Summit Materials (SUM) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mike Dahl saying at its current valuation of 10.7-times expected FY22 EBITDA, the stock now better reflects the potential for infrastructure and further portfolio optimization, with cost inflation creating near-term risks to earnings. 3. Goosehead Insurance (GSHD) downgraded to Underperform from Neutral at BofA with analyst Joshua Shanker calling his change in rating "heavily valuation-driven" with the shares having more than doubled from a mid-May trough. 4. Consolidated Edison (ED) downgraded to Underperform from Neutral at BofA with analyst Julien Dumoulin-Smith saying the stock has recently re-rated with a 2% increase over the past 30 days vs. a decline of 3% for the broader Utilities index, the analyst tells investors in a research note. 5. Dow Inc. (DOW) downgraded to Underperform from Peer Perform at Wolfe Research with analyst Josh Silverstein saying the downgrade reflects the analyst's cautious petrochemical view, which stems from his bullish natural gas, methane and propane outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.