Upgrades
- Franklin Resources (BEN) upgraded by Keefe Bruyette from Market Perform to Outperform
- Kansas City Southern (KSU) upgraded by BMO Capital from Market Perform to Outperform
- Cathay Pacific (CPCAY) upgraded by Daiwa from Hold to Buy
- Textainer (TGH) upgraded by Keefe Bruyette from Market Perform to Outperform
- CAI International (CAI) upgraded by Keefe Bruyette from Market Perform to Outperform
- Sappi (SPPJY) upgraded by JPMorgan from Neutral to Overweight
- Archer Daniels (ADM) upgraded by JPMorgan from Neutral to Overweight
- O’Reilly Automotive (ORLY) upgraded by Raymond James from Market Perform to Outperform
- Agco (AGCO) upgraded by Barclays from Underweight to Equal Weight
- Lincoln Electric (LECO) upgraded by JPMorgan from Neutral to Overweight
- Just Energy (JE) upgraded by RBC Capital from Underperform to Sector Perform
- Gazprom (OGZPY) upgraded by HSBC from Hold to Buy
- AltaGas (ATGFF) upgraded by Credit Suisse from Neutral to Outperform
- Scatec Solar (STECF) upgraded by Pareto from Sell to Hold
- Microchip (MCHP) upgraded by Morgan Stanley from Equal Weight to Overweight
- Bristol-Myers (BMY) upgraded by Guggenheim from Neutral to Buy
- Kimco Realty (KIM) upgraded by Evercore ISI from Underperform to In Line
- Brookfield (BAM) upgraded by Citi from Neutral to Buy
Downgrades
- AllianceBernstein (AB) downgraded by Keefe Bruyette to Market Perform
- Artisan Partners (APAM) downgraded by Keefe Bruyette from Outperform to Market Perform
- Clear Channel Outdoor (CCO) downgraded by JPMorgan from Neutral to Underweight
- United Rentals (URI) downgraded by Barclays from Equal Weight to Underweight
- Lagardere (LGDDF) downgraded by Kepler Cheuvreux from Hold to Reduce
- Host Hotels (HST) downgraded by Baird from Outperform to Neutral
- Leonardo (FINMY) downgraded by Oddo BHF from Buy to Neutral
- Allscripts (MDRX) downgraded by Baird from Outperform to Neutral
- AMC Networks (AMCX) downgraded by JPMorgan from Neutral to Underweight
- Accor (ACCYY) downgraded by AlphaValue from Buy to Add
- VF Corp. (VFC) downgraded by BofA from Neutral to Underperform
- Aerie Pharmaceuticals (AERI) downgraded by BofA from Neutral to Underperform
- Vornado (VNO) downgraded by Evercore ISI from In Line to Underperform
- Snap-On (SNA) downgraded by Longbow from Neutral to Underperform
- Galaxy Entertainment (GXYEF) downgraded by Union Gaming from Buy to Hold
- Las Vegas Sands (LVS) downgraded by Union Gaming from Buy to Hold
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