Upgrades
- Telenor (TELNY) upgraded by Goldman Sachs from Neutral to Buy
- Cellnex (CLNXF) upgraded by Goldman Sachs from Neutral to Conviction Buy
- KPN (KKPNY) upgraded by Goldman Sachs from Neutral to Buy
- Penumbra (PEN) upgraded by JPMorgan from Neutral to Overweight
- Citi (C) upgraded by Goldman Sachs from Neutral to Buy
- Comcast (CMCSA) upgraded by Guggenheim from Neutral to Buy
- Reliance Steel (RS) upgraded by Deutsche Bank from Hold to Buy
- Global Payments (GPN) upgraded by Guggenheim from Neutral to Buy
- Zynga (ZNGA) upgraded by Stephens from Equal Weight to Overweight
- Encompass Health (EHC) upgraded by Barclays from Equal Weight to Overweight
Downgrades
- Babcock (BCKIF) downgraded by Goldman Sachs from Conviction Buy to Neutral
- Sampo (SAXF) downgraded by JPMorgan from Overweight to Neutral
- Eldorado Gold (EGO) downgraded by JPMorgan from Neutral to Underweight
- New Gold (NGD) downgraded by JPMorgan from Neutral to Underweight
- Verizon (VZ) downgraded by UBS from Buy to Neutral
- Canada Goose (GOOS) downgraded by BofA/Merrill from Buy to Neutral
- Mercantil Bank (AMTB) downgraded by SunTrust from Buy to Hold
- Steel Dynamics (STLD) downgraded by Deutsche Bank from Buy to Hold
- Nucor (NUE) downgraded by Deutsche Bank from Buy to Hold
- U.S. Steel (X) downgraded by Deutsche Bank from Hold to Sell
- Digimarc (DMRC) downgraded by B. Riley FBR from Buy to Neutral
- TSYS (TSS) downgraded by Guggenheim from Buy to Neutral
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