Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ternium (TX) downgraded to Neutral from Overweight at JPMorgan with analyst Rodolfo Angele stating weaker U.S. steel prices coupled with higher slab sales should continue to pressure Ternium's sales growth. 2.Five Below (FIVE) downgraded to Equal Weight from Overweight eith analyst Karen Short citing valuation following the stock's recent run. 3. Arrow Electronics (ARW) downgraded to Neutral from Buy at BofA/Merrill with analyst Param Singh saying he believes operating margins "peaked" in C2018 and expects C2020 earnings growth to come from higher volume, low-margin components. 4. AAON (AAON) downgraded to Underperform from Neutral at DA Davidson with analyst Brent Thielman noting that the "quality" of its earnings has been "sub-par", even though the company has built up a large backlog. 5. Expedia (EXPE) downgraded to Neutral from Positive at Susquehanna with analyst Shyam Patil stating that he doesn't see a catalyst to move the stock higher and doesn't think estimate will move up in the near-term following the company's Q1 earnings report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.