Upgrades
- Zurich Insurance (ZURVY) upgraded by Berenberg from Hold to Buy
- Staples (SPLS) upgraded by Citi from Neutral to Buy
- TELUS (TU) upgraded by CIBC from Neutral to Outperformer
- Citi (C) upgraded by Keefe Bruyette from Market Perform to Outperform
- GOL Linhas (GOL) upgraded by HSBC from Reduce to Hold
- McCormick (MKC) upgraded by JPMorgan from Underweight to Neutral
- Autoliv (ALV) upgraded by Wells Fargo from Market Perform to Outperform
- Nabors Industries (NBR) upgraded by Nomura from Neutral to Buy
- Patterson-UTI (PTEN) upgraded by Nomura from Neutral to Buy
- Duke Realty (DRE) upgraded by BofA/Merrill from Neutral to Buy
- Sarepta (SRPT) upgraded by SunTrust from Hold to Buy
- Wynn Resorts (WYNN) upgraded by Argus from Hold to Buy
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Downgrades
- AstraZeneca (AZN) downgraded by UBS from Buy to Neutral
- Acuity Brands (AYI) downgraded by Goldman from Buy to Neutral
- Rogers Communications (RCI) downgraded by CIBC from Outperform to Neutral
- Amgen (AMGN) downgraded by Jefferies from Buy to Hold
- MSG Networks (MSGN) downgraded by Macquarie from Outperform to Neutral
- Imperial Oil (IMO) downgraded by Goldman from Neutral to Sell
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