Upgrades

  • NetEase (NTES) upgraded by JPMorgan from Neutral to Overweight
  • Kontoor Brands (KTB) upgraded by Stifel from Hold to Buy
  • Pirelli (PLLIF) upgraded by Goldman Sachs from Sell to Neutral
  • Otsuka (OTSKY) upgraded by Goldman Sachs from Sell to Neutral
  • Kinder Morgan (KMI) upgraded by Bernstein from Market Perform to Outperform
  • ABN Amro (AAVMY) upgraded by Berenberg from Sell to Hold
  • Philip Morris (PM) upgraded by UBS from Neutral to Buy
  • Associated British Foods (ASBFY) upgraded by HSBC from Hold to Buy
  • Adidas (ADDYY) upgraded by HSBC from Hold to Buy
  • TransUnion (TRU) upgraded by Exane BNP Paribas from Neutral to Outperform
  • Applied Materials (AMAT) upgraded by KGI Securities from Neutral to Outperform
  • Lam Research (LRCX) upgraded by KGI Securities from Neutral to Outperform
  • Empire State Realty (ESRT) upgraded by BofA from Neutral to Buy
  • Red Robin (RRGB) upgraded by Benchmark from Hold to Buy
  • Procter & Gamble (PG) upgraded by UBS from Neutral to Buy

Downgrades

  • Scotiabank (BNS) downgraded by Canaccord from Buy to Hold
  • New York Mortgage (NYMT) downgraded by JonesResearch from Buy to Hold
  • Tsumura (TSMRF) downgraded by Credit Suisse from Outperform to Neutral
  • Makita (MKTAY) downgraded by JPMorgan from Neutral to Underweight
  • Spirit AeroSystems (SPR) downgraded by Bernstein from Outperform to Market Perform
  • First Advantage (FA) downgraded by RBC Capital from Outperform to Sector Perform
  • Builders FirstSource (BLDR) downgraded by BMO from Outperform to Market Perform
  • BAE Systems (BAESY) downgraded by Berenberg from Buy to Hold
  • Dassault Aviation (DUAVF) downgraded by Berenberg from Buy to Hold
  • iHeartMedia (IHRT) downgraded by JPMorgan from Neutral to Underweight
  • Trend Micro (TMICY) downgraded by Daiwa from Outperform to Neutral
  • KLA Corp. (KLAC) downgraded by KGI Securities from Outperform to Neutral
  • Grocery Outlet (GO) downgraded by Craig-Hallum from Buy to Hold
  • Warby Parker (WRBY) downgraded by Citi from Buy to Neutral
  • Ambarella (AMBA) downgraded by Roth MKM from Buy to Neutral
  • Novavax (NVAX) downgraded by B. Riley from Buy to Neutral
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Upgrades & Downgrades provided by The Fly at http://www.thefly.com.  The Fly is a leading digital publisher of real-time financial news. Our financial market experts understand that news impacting stock prices can originate from anywhere, at any time. The Fly team scours all sources of company news, from mainstream to cutting-edge, then filters out the noise to deliver short-form stories consisting of only market moving content. Become an informed investor. Try all of The Fly’s services FREE for 14 days by clicking here.