Upgrades
- Merck (MRK) upgraded by Citi from Neutral to Buy
- Lattice Semiconductor (LSCC) upgraded by Jefferies from Hold to Buy
- GoPro (GPRO) upgraded by Longbow from Neutral to Buy
- Fortinet (FTNT) upgraded by Deutsche Bank from Hold to Buy
- Magna (MGA) upgraded by BofA/Merrill from Underperform to Buy
- Ellie Mae (ELLI) upgraded by RBC Capital from Sector Perform to Outperform
- Grainger (GWW) upgraded by Oppenheimer from Perform to Outperform
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Downgrades
- Lendlease Group (LLESY) downgraded by Goldman Sachs from Conviction Buy to Neutral
- Roche (RHHBY) downgraded by Citi from Buy to Neutral
- PacWest Bancorp (PACW) downgraded by FBR Capital from Buy to Neutral
- Blackhawk (HAWK) downgraded by Mizuho from Buy to Neutral
- MGM Resorts (MGM) downgraded by Stifel from Buy to Hold
- Ulta Beauty (ULTA) downgraded by Piper Jaffray from Overweight to Neutral
- Petrobras (PBR) downgraded by Societe Generale from Buy to Hold
- Chipotle (CMG) downgraded by BofA/Merrill from Neutral to Underperform
- Chevron (CVX) downgraded by Societe Generale from Buy to Hold
- Warrior Met Coal (HCC) downgraded by Seaport Global from Buy to Neutral
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