Upgrades
- Restaurant Brands (QSR) upgraded by BMO Capital from Market Perform to Outperform
- Incyte (INCY) upgraded by Gabelli from Hold to Buy
- Nestle (NSRGY) upgraded by Berenberg from Hold to Buy
- Procter & Gamble (PG) upgraded by Berenberg from Sell to Hold
- Ironwood (IRWD) upgraded by JPMorgan from Underweight to Neutral
- Cielo (CIOXY) upgraded by Citi from Neutral to Buy
- TSYS (TSS) upgraded by BofA/Merrill from Underperform to Neutral
- Duluth Holdings (DLTH) upgraded by DA Davidson from Neutral to Buy
- Southern Company (SO) upgraded by Citi from Sell to Neutral
- Intercept (ICPT) upgraded by Needham from Hold to Buy
- Kimberly-Clark (KMB) upgraded by Morgan Stanley from Underweight to Equal Weight
Downgrades
- Mail.Ru Group (MLRYY) downgraded by Goldman Sachs from Buy to Neutral
- Mondelez (MDLZ) downgraded by Berenberg from Buy to Hold
- Reckitt Benckiser (RBGLY) downgraded by Jefferies from Buy to Hold
- Weibo (WB) downgraded by Jefferies from Buy to Hold
- Hyundai Motor (HYMTF) downgraded by Citi from Buy to Neutral
- UMC (UMC) downgraded by HSBC from Buy to Hold
- Post Holdings (POST) downgraded by Piper Jaffray from Overweight to Neutral
- CenturyLink (CTL) downgraded by Guggenheim from Neutral to Sell
- LafargeHolcim (HCMLY) downgraded by UBS from Neutral to Sell
- HubSpot (HUBS) downgraded by Oppenheimer from Outperform to Perform
- Neurocrine (NBIX) downgraded by Needham from Buy to Hold
- Northern Star Resources (NESRF) downgraded by UBS from Buy to Neutral
- Waters (WAT) downgraded by Baird from Outperform to Neutral
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