Upgrades
- Unilever (UN) upgraded by Liberum from Hold to Buy
- Rio Tinto (RIO) upgraded by RBC Capital from Underperform to Sector Perform
- Glencore (GLNCY) upgraded by RBC Capital from Sector Perform to Outperform
- Sabesp (SBS) upgraded by JPMorgan from Neutral to Overweight
- Altria Group (MO) upgraded by Citi from Neutral to Buy
- Telefonica (TEF) upgraded by Barclays from Equal Weight to Overweight
- E.ON (EONGY) upgraded by Goldman Sachs from Sell to Neutral
- Splunk (SPLK) upgraded by Goldman Sachs from Neutral to Buy
- Changyou.com (CYOU) upgraded by Morgan Stanley from Underweight to Equal Weight
- Prosus (PROSY) upgraded by Jefferies from Underperform to Hold
- Plains All American (PAA) upgraded by Baird from Neutral to Outperform
- Plains GP Holdings (PAGP) upgraded by Baird from Neutral to Outperform
- AeroVironment (AVAV) upgraded by Baird from Neutral to Outperform
- TreeHouse (THS) upgraded by William Blair from Market Perform to Outperform
Downgrades
- Cedar Fair (FUN) downgraded by B. Riley FBR from Buy to Neutral
- Brenntag (BMTGY) downgraded by Deutsche Bank from Buy to Hold
- West Japan Railway (WJRYY) downgraded by JPMorgan from Overweight to Neutral
- Philip Morris (PM) downgraded by Citi from Buy to Neutral
- Roku (ROKU) downgraded by Morgan Stanley from Equal Weight to Underweight
- Western Digital (WDC) resumed by Stifel from Buy with a Hold
- Teladoc (TDOC) downgraded by SunTrust from Buy to Hold
- CESP (CESDY) downgraded by JPMorgan from Overweight to Neutral
- Dow Inc. (DOW) downgraded by Morgan Stanley from Overweight to Equal Weight
- Biogen (BIIB) downgraded by Baird from Neutral to Underperform
- Wells Fargo (WFC) downgraded by Raymond James from Market Perform to Underperform
- ADT Inc. (ADT) downgraded by BofA/Merrill from Buy to Neutral
- Deere (DE) downgraded by BofA/Merrill from Neutral to Underperform
- Teladoc (TDOC) downgraded by SunTrust from Buy to Hold
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