Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3D Systems (DDD) downgraded to Underweight from Neutral at JPMorgan with analyst Paul Coster citing valuation. 2. Spotify (SPOT) downgraded to Sell from Neutral at Citi with analyst Jason Bazinet saying among the four subscription based stocks, Spotify, Roku (ROKU), Netflix (NFLX) and SiriusXM (SIRI), Spotify is the only company where the Street's long-terms forecasts "do not comport to the prevailing valuation." 3. Centene (CNC) downgraded to Hold from Buy at Jefferies with analyst David Windley saying he believes positive catalysts under a Biden-led Democratic administration have been pulled forward and reflected in the stock's recent strong run. 4. Autoliv (ALV) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Victoria Greer saying she can't justify Autoliv, or any of the European auto suppliers, trading at a premium versus their own history. 5. JetBlue (JBLU) downgraded to Hold from Buy at Vertical Research with analyst Darryl Genovesi saying the company's coming "capex ramp" could drive returns lower, making it difficult to argue for multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.