Upgrades
- Pennon Group (PEGRF) upgraded by Deutsche Bank from Hold to Buy
- Restaurant Brands (QSR) upgraded by Longbow from Underperform to Neutral
- SMC Corp. (SMCAY) upgraded by Mizuho from Neutral to Buy
- Cigna (CI) upgraded by BMO Capital from Market Perform to Outperform
- Verra Mobility (VRRM) upgraded by BofA/Merrill from Neutral to Buy
- TSMC (TSM) upgraded by Goldman Sachs from Buy to Conviction Buy
- DNB ASA (DNHBY) upgraded by Berenberg from Hold to Buy
- Newell Brands (NWL) upgraded by SunTrust from Hold to Buy
- Bed Bath & Beyond (BBBY) upgraded by Wedbush from Neutral to Outperform
- Zymeworks (ZYME) upgraded by Raymond James from Outperform to Strong Buy
- Wells Fargo (WFC) upgraded by Argus from Hold to Buy
- Urban Outfitters (URBN) upgraded by Wells Fargo from Market Perform to Outperform
Downgrades
- SunCoke Energy (SXC) downgraded by B. Riley FBR from Buy to Neutral
- Novozymes (NVZMY) downgraded by JPMorgan from Neutral to Underweight
- Henkel (HENKY) downgraded by BofA/Merrill from Neutral to Underperform
- ABN Amro (AAVMY) downgraded by RBC Capital from Top Pick to Outperform
- UnitedHealth (UNH) downgraded by BMO Capital from Outperform to Market Perform
- Humana (HUM) downgraded by BMO Capital from Outperform to Market Perform
- U.S. Bancorp (USB) downgraded by BofA/Merrill from Neutral to Underperform
- Adamas Pharmaceuticals (ADMS) downgraded by BofA/Merrill from Neutral to Underperform
- Mammoth Energy (TUSK) downgraded by Barclays from Overweight to Equal Weight
- Rockwell Automation (ROK) downgraded by Wells Fargo from Outperform to Market Perform
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