Upgrades
- Echo Global (ECHO) upgraded by Morgan Stanley from Underweight to Equal Weight
- Volaris (VLRS) upgraded by Goldman Sachs from Sell to Buy
- Nomura Research Institute (NRILY) upgraded by Goldman Sachs from Sell to Neutral
- Tullow Oil (TUWOY) upgraded by Barclays from Equal Weight to Overweight
- LKQ Corp. (LKQ) upgraded by Guggenheim from Neutral to Buy
- Acuity Brands (AYI) upgraded by Credit Suisse from Neutral to Outperform
- Kohl’s (KSS) upgraded by Atlantic Equities from Underweight to Neutral
- Mylan (MYL) upgraded by Morgan Stanley from Equal Weight to Overweight
- Intelsat (I) upgraded by Raymond James from Underperform to Market Perform
- LyondellBasell (LYB) upgraded by Goldman Sachs from Neutral to Buy
- RSA Insurance (RSNAY) upgraded by UBS from Neutral to Buy
- PNC Financial (PNC) upgraded by Macquarie from Neutral to Outperform
Downgrades
- ANZ Banking (ANZBY) downgraded by Citi from Buy to Neutral
- Asur (ASR) downgraded by Goldman Sachs from Neutral to Sell
- Burberry (BURBY) downgraded by Goldman Sachs from Neutral to Sell
- GAP Airports (PAC) downgraded by Goldman Sachs from Buy to Sell
- Rio Tinto (RIO) downgraded by UBS from Buy to Neutral
- Raiffeisen Bank (RAIFY) downgraded by Deutsche Bank from Buy to Hold
- Ormat Technologies (ORA) downgraded by JPMorgan from Overweight to Neutral
- Aurora Mobile (JG) downgraded by Goldman Sachs from Buy to Neutral
- Intertek (IKTSY) downgraded by Barclays from Equal Weight to Underweight
- Lennox (LII) downgraded by Credit Suisse from Outperform to Neutral
- Teva (TEVA) downgraded by Morgan Stanley from Overweight to Equal Weight
- VMware (VMW) downgraded by Goldman Sachs from Neutral to Sell
- Allison Transmission (ALSN) downgraded by Stifel from Buy to Hold
- Weibo (WB) downgraded by China Renaissance from Buy to Hold
- CSX (CSX) downgraded by Stifel from Buy to Hold
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