Upgrades
- Netflix (NFLX) upgraded by UBS from Neutral to Buy
- Netflix (NFLX) upgraded by Raymond James from Outperform to Strong Buy
- Columbia Sportswear (COLM) upgraded by Macquarie from Neutral to Outperform
- Boyd Gaming (BYD) upgraded by Stifel from Hold to Buy
- Iqvia (IQV) upgraded by Goldman Sachs from Buy to Conviction Buy
- Texas Roadhouse (TXRH) upgraded by Goldman Sachs from Neutral to Buy
- China Southern Airlines (ZNH) upgraded by Credit Suisse from Underperform to Neutral
- Air China (AIRYY) upgraded by Credit Suisse from Neutral to Outperform
- China Eastern Airlines (CEA) upgraded by Credit Suisse from Neutral to Outperform
- Churchill Downs (CHDN) upgraded by Jefferies from Hold to Buy
- Darden (DRI) upgraded by BofA/Merrill from Neutral to Buy
- Audentes Therapeutics (BOLD) upgraded by Guggenheim from Neutral to Buy
- Legg Mason (LM) upgraded by BofA/Merrill from Underperform to Neutral
- State Street (STT) upgraded by BofA/Merrill from Neutral to Buy
- Viacom (VIAB) upgraded by Imperial Capital from In-Line to Outperform
Downgrades
- BlackRock (BLK) downgraded by Deutsche Bank from Buy to Hold
- Eaton Vance (EV) downgraded by Deutsche Bank from Buy to Hold
- Invesco (IVZ) downgraded by Deutsche Bank from Buy to Hold
- Affiliated Managers (AMG) downgraded by Deutsche Bank from Buy to Hold
- Legg Mason (LM) downgraded by Deutsche Bank from Buy to Hold
- ABB (ABB) downgraded by Vertical Research from Hold to Sell
- Pinnacle West (PNW) downgraded by Goldman Sachs from Buy to Neutral
- VF Corp. (VFC) downgraded by Deutsche Bank from Buy to Hold
- Hanesbrands (HBI) downgraded by Deutsche Bank from Buy to Hold
- WW (WTW) downgraded by JPMorgan from Overweight to Neutral
- Aratana Therapeutics (PETX) downgraded by Stifel from Buy to Hold
- Yum! Brands (YUM) downgraded by Goldman Sachs from Neutral to Sell
- Starbucks (SBUX) downgraded by Goldman Sachs from Buy to Neutral
- ABM (ABM) downgraded by CL King from Buy to Neutral
- Northern Trust (NTRS) downgraded by BofA/Merrill from Buy to Neutral
- Dominion (D) downgraded by BofA/Merrill from Neutral to Underperform
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