Upgrades
- Embraer (ERJ) upgraded by Goldman from Neutral to Buy
- Anadarko (APC) upgraded by Deutsche Bank from Hold to Buy
- Synaptics (SYNA) upgraded by Mizuho from Neutral to Buy
- Suburban Propane (SPH) upgraded by Stifel from Hold to Buy
- National Fuel (NFG) upgraded by Jefferies from Hold to Buy
- Talend (TLND) upgraded by Goldman from Neutral to Buy
- Merck (MRK) upgraded by BofA/Merrill from Neutral to Buy
- GrubHub (GRUB) upgraded by BofA/Merrill from Neutral to Buy
- Gigamon (GIMO) upgraded by BofA/Merrill from Neutral to Buy
- Viacom (VIAB) upgraded by BofA/Merrill from Underperform to Buy
- TD Ameritrade (AMTD) upgraded by BofA/Merrill from Neutral to Buy
- Charles Schwab (SCHW) upgraded by BofA/Merrill from Neutral to Buy
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Downgrades
- B/E Aerospace (BEAV) downgraded by Goldman from Buy to Neutral
- Pfizer (PFE) downgraded by Jefferies from Buy to Hold
- Penske Automotive (PAG) downgraded by Evercore ISI from Hold to Sell
- Hortonworks (HDP) downgraded by Goldman from Buy to Sell
- Ericsson (ERIC) downgraded by Natixis from Buy to Neutral
- Rentokil (RTOKY) downgraded by RBC Capital from Top Pick to Outperform
- Cathay Pacific (CPCAY) downgraded by Jefferies from Hold to Underperform
- E-Trade (ETFC) downgraded by BofA/Merrill from Buy to Neutral
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