Catch up on today’s top five analyst downgrades with this list compiled by The Fly: 1. Electronic Arts (EA) downgraded to Equal Weight from Overweight at Barclays with analyst Deepak Mathivanan saying the shares are currently trading below the middle of their historical valuation range, but the discount is justified. 2. Main Street (MAIN) downgraded to Market Perform from Outperform at Raymond James with analyst Robert Dodd citing valuation. 3. Lloyds Banking (LYG) downgraded to Neutral from Buy at Citi with analyst Andrew Coombs saying the stocks of U.K. banks are already pricing in a more favorable Brexit outcome. 4. Textron (TXT) downgraded to Neutral from Buy at BofA/Merrill with analyst Ronald Epstein saying he was previously more constructive on signs of a recovery in the business jet end market along with stronger company operations, but now sees a “softening” end market and a more “lackluster” operating recovery. 5. Intuit (INTU) downgraded to In Line from Outperform at Evercore ISI with analyst Kirk Materne citing valuation. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(http://thefly.com/streetResearch.php)
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