Upgrades
- Telefonica (TEF) upgraded by Berenberg from Hold to Buy
- RBS (RBS) upgraded by Jefferies from Hold to Buy
- Lumentum (LITE) upgraded by MKM Partners from Neutral to Buy
- Salvatore Ferragamo (SFRGF) upgraded by Deutsche Bank from Hold to Buy
- Chesapeake Lodging (CHSP) upgraded by Janney Capital from Neutral to Buy
- Pebblebrook Hotel (PEB) upgraded by Janney Capital from Neutral to Buy
- Michael Kors (KORS) upgraded by Canaccord from Hold to Buy
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Downgrades
- Electrolux AB (ELUXY) downgraded by Goldman Sachs from Buy to Neutral
- Select Energy Services (WTTR) downgraded by Citi from Buy to Sell
- trivago (TRVG) downgraded by JPMorgan from Overweight to Neutral
- Tile Shop (TTS) downgraded by Piper Jaffray from Overweight to Neutral
- Kornit Digital (KRNT) downgraded by Citi from Buy to Neutral
- Calyxt (CLXT) downgraded by Citi from Buy to Neutral
- Liberty Global LiLAC (LILA) downgraded by Macquarie from Outperform to Neutral
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