Upgrades
- DISH (DISH) upgraded by Barclays from Equal Weight to Overweight
- China Unicom (CHU) upgraded by Jefferies from Underperform to Buy
- PayPal (PYPL) upgraded by Piper Jaffray from Underweight to Neutral
- American Express (AXP) upgraded by Nomura Instinet from Reduce to Neutral
- Citrix (CTXS) upgraded by Baird from Neutral to Outperform
- Cisco (CSCO) upgraded by Credit Suisse from Underperform to Outperform
- First Solar (FSLR) upgraded by JMP Securities from Underperform to Market Perform
- Santander Consumer (SC) upgraded by Compass Point from Neutral to Buy
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Downgrades
- U.S. Steel (X) downgraded by Deutsche Bank from Buy to Hold
- Sands China (SCHYY) downgraded by Deutsche Bank from Buy to Hold
- Galaxy Entertainment (GXYEY) downgraded by Deutsche Bank from Buy to Hold
- SJM Holdings (SJMHF) downgraded by Deutsche Bank from Buy to Hold
- MGM China (MCHVF) downgraded by Deutsche Bank from Buy to Hold
- Buffalo Wild Wings (BWLD) downgraded by Baird from Outperform to Neutral
- KapStone (KS) downgraded by Vertical Research from Buy to Hold
- Arista Networks (ANET) downgraded by Credit Suisse from Outperform to Neutral
- Nutrisystem (NTRI) downgraded by Wunderlich from Buy to Hold
- American Airlines (AAL) downgraded by JPMorgan from Overweight to Neutral
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