Upgrades
- Vodafone (VOD) upgraded by Nomura from Neutral to Buy
- Diageo (DEO) upgraded by Nomura from Neutral to Buy
- Deutsche Telekom (DTEGY) upgraded by Nomura from Neutral to Buy
- Smith & Nephew (SNN) upgraded by UBS from Neutral to Buy
- Johnson Matthey (JMPLY) upgraded by Citi from Neutral to Buy
- AT&T (T) upgraded by UBS from Neutral to Buy
- AT&T (T) upgraded by UBS from Neutral to Buy
- Alere (ALR) upgraded by Goldman from Neutral to Buy
- Zumiez (ZUMZ) upgraded by B. Riley from Neutral to Buy
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Downgrades
- Molson Coors (TAP) downgraded by Nomura from Buy to Neutral
- Choice Hotels (CHH) downgraded by UBS from Neutral to Sell
- Quest Diagnostics (DGX) downgraded by Goldman from Buy to Neutral
- AMC Networks (AMCX) downgraded by Topeka from Buy to Hold
- American Airlines (AAL) downgraded by Morgan Stanley from Overweight to Equal Weight
- Western Digital (WDC) downgraded by JPMorgan from Overweight to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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