Upgrades
- Rogers Communications (RCI) upgraded by Canaccord from Hold to Buy
- Quest Diagnostics (DGX) upgraded by Canaccord from Hold to Buy
- Luxottica (LUX) upgraded by HSBC from Hold to Buy
- Maxim Integrated (MXIM) upgraded by BofA/Merrill from Neutral to Buy
- PulteGroup (PHM) upgraded by BofA/Merrill from Underperform to Buy
- Primoris (PRIM) upgraded by Canaccord from Hold to Buy
- Marsh & McLennan (MMC) upgraded by BofA/Merrill from Neutral to Buy
- Emerson (EMR) upgraded by Goldman from Sell to Neutral
- Timken (TKR) upgraded by Goldman from Neutral to Conviction Buy
- Microsoft (MSFT) upgraded by Citi from Sell to Neutral
- Safe Bulkers (SB) upgraded by DNB Markets from Hold to Buy
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Downgrades
- Nordea (NRBAY) downgraded by Deutsche Bank from Buy to Hold
- MTU Aero (MTUAY) downgraded by Berenberg from Buy to Hold
- Whirlpool (WHR) downgraded by Goldman from Buy to Neutral
- Weatherford (WFT) downgraded by Jefferies from Buy to Hold
- Duke Realty (DRE) downgraded by UBS from Buy to Neutral
- Willis Towers Watson (WLTW) downgraded by BofA/Merrill from Buy to Neutral
- Graphic Packaging (GPK) downgraded by Goldman from Conviction Buy to Buy
- DRDGOLD (DRD) downgraded by HSBC from Hold to Reduce
- International Speedway (ISCA) downgraded by Macquarie from Outperform to Neutral
- Graphic Packaging (GPK) downgraded by Goldman from Conviction Buy to Buy
- Golar LNG (GLNG) downgraded by Nordea from Buy to Hold
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