Upgrades
- Burberry (BURBY) upgraded by UBS from Neutral to Buy
- AEGON (AEG) upgraded by ING Group from Hold to Buy
- Electrolux AB (ELUXY) upgraded by UBS from Sell to Buy
- Ahold (AHONY) upgraded by Jefferies from Hold to Buy
- Sherwin-Williams (SHW) upgraded by Goldman from Neutral to Buy
- Anthem (ANTM) upgraded by Goldman from Neutral to Buy
- Lennar (LEN) upgraded by Susquehanna from Neutral to Positive
- Wells Fargo (WFC) upgraded by Susquehanna from Neutral to Positive
- Wayfair (W) upgraded by Citi from Neutral to Buy
- Waste Connections (WCN) upgraded by Raymond James from Outperform to Strong Buy
- Credit Agricole (CRARY) upgraded by Goldman from Sell to Neutral
- CNOOC (CEO) upgraded by Jefferies from Hold to Buy
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Downgrades
- Smith & Nephew (SNN) downgraded by Deutsche Bank from Buy to Hold
- Julius Baer (JBAXY) downgraded by Goldman from Conviction Buy to Neutral
- Erste Group Bank (EBKDY) downgraded by Goldman from Conviction Buy to Neutral
- LifePoint (LPNT) downgraded by Goldman from Buy to Neutral
- Tiffany (TIF) downgraded by Goldman from Buy to Neutral
- Timken (TKR) downgraded by Jefferies from Buy to Hold
- Parker-Hannifin (PH) downgraded by Jefferies from Buy to Hold
- Prudential (PRU) downgraded by BofA/Merrill from Buy to Neutral
- Univar (UNVR) downgraded by Goldman from Buy to Neutral
- Barracuda (CUDA) downgraded by Guggenheim from Buy to Neutral
- Ruckus Wireless (RKUS) downgraded by Guggenheim from Buy to Neutral
- Vale (VALE) downgraded by HSBC from Buy to Hold
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