Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PPG (PPG) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation for the downgrade, seeing a "relatively low level of capital appreciation" following the recent share rally. 2. Intel (INTC) downgraded to Equal Weight from Overweight at Morgan Stanley, and downgraded to Neutral from Buy at UBS and Mizuho. 3. T. Rowe Price (TROW) downgraded to In Line from Outperform at Evercore ISI with analyst Glenn Schorr saying while he has been a "big fan" of T. Rowe Price for a long time, the company has had a stretch of softer flows despite very strong markets and great performance, making him wary of target-date competition plus some fee compression and higher expenses. 4. Freeport McMoRan (FCX) downgraded to Hold from Buy at Deutsche Bank with analyst Abhi Agarwal citing valuation for the downgrade following the stock's recent outperformance. 5. Southwest (LUV) downgraded to In Line from Outperform at Evercore ISI with analyst Duane Pfenningwerth saying given his view of longer-lasting rebuild cost pressures and his opinion that Street expectations are "overly optimistic," he sees muted valuation upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.