Upgrades
- Pure Storage (PSTG) upgraded by Raymond James from Market Perform to Outperform
- AeroVironment (AVAV) upgraded by Piper Jaffray from Neutral to Overweight
- RBS (RBS) upgraded by Redburn from Sell to Neutral
- FMC Corporation (FMC) upgraded by Baird from Neutral to Outperform
- UCB (UCBJF) upgraded by Citi from Neutral to Buy
- Johnson & Johnson (JNJ) upgraded by Atlantic Equities from Underweight to Neutral
- Canadian National (CNN) upgraded by BofA/Merrill from Neutral to Buy
- BMC Stock Holdings (BMCH) upgraded by Stephens from Equal Weight to Overweight
- Builders FirstSource (BLDR) upgraded by Stephens from Equal Weight to Overweight
Downgrades
- Boral (BOALY) downgraded by JPMorgan from Overweight to Neutral
- Subsea 7 (SUBCY) downgraded by DNB Markets from Buy to Hold
- Adobe (ADBE) downgraded by Citi from Buy to Neutral
- Acuity Brands (AYI) downgraded by Baird from Outperform to Neutral
- Cabot (CBT) downgraded by Baird from Outperform to Neutral
- Infineon (IFNNY) downgraded by Societe Generale from Hold to Sell
- Canadian Pacific (CP) downgraded by BofA/Merrill from Buy to Neutral
- Rayonier Advanced Materials (RYAM) downgraded by Berenberg from Buy to Hold
- Extraction Oil & Gas (XOG) downgraded by Stephens from Overweight to Equal Weight
- ServiceNow (NOW) downgraded by Morgan Stanley from Overweight to Equal Weight
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