Upgrades
- ConocoPhillips (COP) upgraded by Goldman from Neutral to Conviction Buy
- Horizon Pharma (HZNP) upgraded by Citi from Neutral to Buy
- NetEase (NTES) upgraded by Jefferies from Hold to Buy
- Comerica (CMA) upgraded by Jefferies from Hold to Buy
- U.S. Bancorp (USB) upgraded by Jefferies from Hold to Buy
- MGM China (MCHVF) upgraded by HSBC from Hold to Buy
- Wynn Macau (WYNMF) upgraded by HSBC from Reduce to Hold
- Essex Property Trust (ESS) upgraded by Evercore ISI from Hold to Buy
- AvalonBay (AVB) upgraded by Evercore ISI from Hold to Buy
- Gap (GPS) upgraded by Piper Jaffray from Underweight to Neutral
- Deere (DE) upgraded by Piper Jaffray from Underweight to Neutral
- First Horizon (FHN) upgraded by Jefferies from Hold to Buy
- Zions Bancorp (ZION) upgraded by Jefferies from Hold to Buy
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Downgrades
- Citi (C) downgraded by Jefferies from Buy to Hold
- Wells Fargo (WFC) downgraded by Jefferies from Buy to Hold
- Renasant (RNST) downgraded by Jefferies from Buy to Hold
- Tupperware Brands (TUP) downgraded by B. Riley from Neutral to Sell
- H&R Block (HRB) downgraded by BTIG from Neutral to Sell
- Marriott (MAR) downgraded by Evercore ISI from Buy to Hold
- Hilton (HLT) downgraded by Evercore ISI from Buy to Hold
- Huntington Bancshares (HBAN) downgraded by Jefferies from Buy to Hold
- Regions Financial (RF) downgraded by Jefferies from Buy to Hold
- Boston Private Financial (BPFH) downgraded by Jefferies from Buy to Hold
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