Upgrades
- Lendlease Group (LLESY) upgraded by Citi from Neutral to Buy
- Ryanair (RYAAY) upgraded by HSBC from Hold to Buy
- Faurecia SA (FURCF) upgraded by Deutsche Bank from Hold to Buy
- Under Armour (UAA) upgraded by Goldman Sachs from Neutral to Conviction Buy
- Swedish Match (SWMAY) upgraded by Citi from Neutral to Buy
- IntercontinentalExchange (ICE) upgraded by Citi from Neutral to Buy
- Cars.com (CARS) upgraded by BTIG from Neutral to Buy
- China Unicom (CHU) upgraded by BofA/Merrill from Neutral to Buy
- AB InBev (BUD) upgraded by RBC Capital from Outperform to Top Pick
- IAMGold (IAG) upgraded by Macquarie from Neutral to Outperform
- Palo Alto Networks (PANW) upgraded by UBS from Neutral to Buy
- Yamana Gold (AU) upgraded by CIBC from Neutral to Outperformer
- Apollo Investment (AINV) upgraded by Citi from Sell to Neutral
Downgrades
- Henkel (HENKY) downgraded by Goldman Sachs from Buy to Neutral
- Woolworths Group (WOLWF) downgraded by Citi from Buy to Neutral
- Megaworld (MGAWY) downgraded by Deutsche Bank from Buy to Hold
- Gap (GPS) downgraded by Goldman Sachs from Neutral to Sell
- State Street (STT) downgraded by Goldman Sachs from Buy to Neutral
- Red Electrica (RDEIY) downgraded by Citi from Buy to Neutral
- U.S. Steel (K) downgraded by Jefferies from Buy to Hold
- Tiffany (TIF) downgraded by Goldman Sachs from Buy to Neutral
- Luxoft (LXFT) downgraded by Berenberg from Buy to Hold
- AMC Entertainment (AMC) downgraded by B. Riley FBR from Buy to Neutral
- China Life Insurance (LFC) downgraded by HSBC from Buy to Hold
- Crispr Therapeutics (CRSP) downgraded by Citi from Neutral to Sell
- Weibo (WB) downgraded by Nomura Instinet from Buy to Neutral
- Baytex Energy (BTE) downgraded by Veritas from Buy to Sell
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