Upgrades
- adidas (ADDYY) upgraded by Berenberg from Sell to Hold
- Puma (PMMAF) upgraded by Berenberg from Hold to Buy
- Juniper (JNPR) upgraded by Deutsche Bank from Hold to Buy
- Oasis Petroleum (OAS) upgraded by Citi from Sell to Neutral
- HollyFrontier (HFC) upgraded by BofA/Merrill from Underperform to Buy
- Celanese (CE) upgraded by Citi from Neutral to Buy
- Eastman Chemical (EMN) upgraded by Citi from Neutral to Buy
- Agrium (AGU) upgraded by Citi from Sell to Neutral
- J.C. Penney (JCP) upgraded by Citi from Sell to Neutral
- Tesco (TSCDY) upgraded by Deutsche Bank from Hold to Buy
- SolarEdge (SEDG) upgraded by Goldman from Buy to Conviction Buy
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Downgrades
- James River Group (JRVR) downgraded by UBS from Buy to Neutral
- Hess Corp. (HES) downgraded by Citi from Buy to Neutral
- Hawaiian Holdings (HA) downgraded by Deutsche Bank from Buy to Hold
- Republic Airways (RJET) downgraded by Deutsche Bank from Buy to Hold
- SunPower (SPWR) downgraded by Goldman from Buy to Neutral
- DuPont (DD) downgraded by Citi from Buy to Neutral
- Air Products (APD) downgraded by Citi from Buy to Neutral
- MetLife (MET) downgraded by Citi from Buy to Neutral
- Principal Financial (PFG) downgraded by Citi from Neutral to Sell
- VeriSign (VRSN) downgraded by Citi from Neutral to Sell
- Nordstrom (JWN) downgraded by Citi from Buy to Neutral
- Priceline (PCLN) downgraded by Raymond James from Strong Buy to Outperform
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