Upgrades
- Credit Suisse (CS) upgraded by Deutsche Bank from Hold to Buy
- Thomson Reuters (TR) upgraded by Deutsche Bank from Hold to Buy
- AK Steel (AKS) upgraded by Longbow from Neutral to Buy
- Nucor (NUE) upgraded by Longbow from Neutral to Buy
- U.S. Steel (X) upgraded by Longbow from Neutral to Buy
- Biogen (BIIB) upgraded by UBS from Sell to Neutral
- Steel Dynamics (STLD) upgraded by Longbow from Neutral to Buy
- Cedar Fair (FUN) upgraded by Goldman Sachs from Buy to Conviction Buy
- Ensco (ESV) upgraded by Piper Jaffray from Neutral to Overweight
- AGCO (AGCO) upgraded by BofA/Merrill from Underperform to Neutral
- CNH Industrial (CNHI) upgraded by BofA/Merrill from Neutral to Buy
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Downgrades
- Orange SA (ORAN) downgraded by Berenberg from Hold to Sell
- Alpha Bank (ALBKY) downgraded by Citi from Buy to Neutral
- EFG Eurobank (EGFEY) downgraded by Citi from Buy to Neutral
- National Bank of Greece (NBGGY) downgraded by Citi from Buy to Neutral
- Costco (COST) downgraded by Deutsche Bank from Buy to Hold
- NXP Semiconductors (NXPI) downgraded by Deutsche Bank from Buy to Hold
- TripAdvisor (TRIP) downgraded by Credit Suisse from Neutral to Underperform
- Atwood Oceanics (ATW) downgraded by Piper Jaffray from Overweight to Neutral
- Kroger (KR) downgraded by Morgan Stanley from Overweight to Equal Weight
- Live Nation (LYV) downgraded by Northcoast from Buy to Neutral
- Wayfair (W) downgraded by Maxim from Buy to Hold
- Travelers (TRV) downgraded by BofA/Merrill from Buy to Neutral
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