Upgrades and Downgrades for Tuesday, 9/17


  • Alder Biopharmaceuticals (ALDR) upgraded by Morgan Stanley from Underweight to Equal Weight
  • Alder Biopharmaceuticals (ALDR) upgraded by UBS from Sell to Neutral
  • Splunk (SPLK) upgraded by JPMorgan from Neutral to Overweight
  • J Sainsbury (JSAIY) upgraded by UBS from Neutral to Buy
  • Novo Nordisk (NVO) upgraded by Citi from Neutral to Buy
  • Burlington Stores (BURL) upgraded by UBS from Sell to Neutral
  • TJX (TJX) upgraded by UBS from Sell to Neutral
  • ConocoPhillips (COP) upgraded by UBS from Neutral to Buy
  • PagSeguro Digital (PAGS) upgraded by HSBC from Reduce to Hold
  • Tele2 (TLTZY) upgraded by Berenberg from Hold to Buy
  • Telia (TLSNF) upgraded by Berenberg from Sell to Hold
  • Snap (SNAP) upgraded by Susquehanna from Negative to Neutral
  • Ameren (AEE) upgraded by BofA/Merrill from Neutral to Buy


  • Alder Biopharmaceuticals (ALDR) downgraded by Needham from Buy to Hold
  • Eisai (ESALY) downgraded by Daiwa from Neutral to Sell
  • Saipem (SAPMY) downgraded by Exane BNP Paribas from Outperform to Neutral
  • Atlas Air (AAWW) downgraded by Susquehanna from Positive to Neutral
  • Home Depot (HD) downgraded by Guggenheim from Buy to Neutral
  • Raytheon (RTN) downgraded by Bernstein from Outperform to Market Perform
  • Dream Global REIT (DUNDF) downgraded by CIBC from Outperformer to Neutral
  • The Medicines Co. (MDCO) downgraded by Citi from Buy to Neutral
  • EverQuote (EVER) downgraded by BofA/Merrill from Buy to Underperform
  • NIC Inc. (EGOV) downgraded by DA Davidson from Buy to Neutral
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