Upgrades
- Snap (SNAP) upgraded by Citi from Sell to Neutral
- Veoneer (VNE) upgraded by Longbow from Neutral to Buy
- Wyndham Destinations (WYND) upgraded by Nomura Instinet from Neutral to Buy
- State Street (STT) upgraded by Raymond James from Market Perform to Strong Buy
- Alcoa (AA) upgraded by Goldman Sachs from Neutral to Buy
- Teck Resources (TECK) upgraded by Goldman Sachs from Neutral to Buy
- Commercial Metals (CMC) upgraded by Goldman Sachs from Neutral to Buy
- CatchMark Timber (CTT) upgraded by Citi from Neutral to Buy
- Infosys (INFY) upgraded by Susquehanna from Negative to Neutral
- Century Aluminum (CENX) upgraded by Berenberg from Sell to Hold
- Northrop Grumman (NOC) upgraded by Credit Suisse from Neutral to Outperform
- Ansell (ANSLY) upgraded by Macquarie from Neutral to Outperform
Downgrades
- Next plc (NXGPY) downgraded by Credit Suisse from Neutral to Underperform
- Arconic (ARNC) downgraded by JPMorgan from Overweight to Neutral
- GlaxoSmithKline (GSK) downgraded by BNP Paribas from Buy to Hold
- Delta Air Lines (DAL) downgraded by BofA/Merrill from Buy to Neutral
- SemGroup (SEMG) downgraded by SunTrust from Buy to Hold
- Crown Castle (CCI) downgraded by Goldman Sachs from Buy to Neutral
- Schnitzer Steel (SCHN) downgraded by Goldman Sachs from Buy to Neutral
- Stelco Holdings (STZHF) downgraded by Goldman Sachs from Buy to Neutral
- Dorman Products (DORM) downgraded by CL King from Buy to Neutral
- HSBC (HSBC) downgraded by Deutsche Bank from Hold to Sell
- PNM Resources (PNM) downgraded by Mizuho from Neutral to Underperform
- Western Digital (WDC) downgraded by Evercore ISI from In Line to Underperform
- Celanese (CE) downgraded by SunTrust from Buy to Hold
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