Upgrades
- AAC Technologies (AACAY) upgraded by Credit Suisse from Underperform to Neutral
- Telefonica (TEF) upgraded by Credit Suisse from Neutral to Outperform
- Enagas (ENGGY) upgraded by Societe Generale from Sell to Hold
- HeidelbergCement (HDELY) upgraded by Societe Generale from Sell to Hold
- PagSeguro Digital (PAGS) upgraded by HSBC from Hold to Buy
- Aston Martin Lagonda (ARGGY) upgraded by HSBC from Hold to Buy
- Alcon (ALC) upgraded by Redburn from Sell to Neutral
- BNY Mellon (BK) upgraded by UBS from Neutral to Buy
- HP Enterprise (HPE) upgraded by UBS from Sell to Neutral
- Emera (EMRAF) upgraded by Credit Suisse from Underperform to Neutral
- Thomson Reuters (TRI) upgraded by BofA/Merrill from Neutral to Buy
- Acerinox (ANIOY) upgraded by BofA/Merrill from Underperform to Neutral
Downgrades
- AAC Technologies (AACAY) downgraded by Goldman Sachs from Neutral to Sell
- Accor (ACCYY) downgraded by Citi from Buy to Neutral
- Boliden (BDNNY) downgraded by UBS from Neutral to Sell
- BBA Aviation (BBAVY) downgraded by HSBC from Buy to Hold
- Rolls-Royce (RYCEY) downgraded by Societe Generale from Buy to Hold
- Woolworths (WLWHY) downgraded by HSBC from Buy to Hold
- Cisco (CSCO) downgraded by Piper Jaffray from Overweight to Neutral
- ArcelorMittal (MT) downgraded by Commerzbank from Buy to Hold
- Rheinmetall (RNMBY) downgraded by Berenberg from Buy to Hold
- Home Depot (HD) downgraded by Edward Jones from Buy to Hold
- Green Dot (GDOT) downgraded by Guggenheim from Buy to Neutral
- AcelRx (ACRX) downgraded by Credit Suisse from Outperform to Neutral
- OFS Capital (OFS) downgraded by Ladenburg from Buy to Neutral
- Scientific Games (SGMS) downgraded by Susquehanna from Positive to Neutral
- BB&T (BBT) downgraded by Janney Montgomery Scott from Buy to Neutral
- EyePoint (EYPT) downgraded by H.C. Wainwright from Buy to Neutral
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