Upgrades
- EVERTEC (EVTC) upgraded by Stifel from Hold to Buy
- Brown-Forman (BF.B) upgraded by Goldman Sachs from Sell to Neutral
- Philip Morris (PM) upgraded by Goldman Sachs from Buy to Conviction Buy
- Eastman Chemical (EMN) upgraded by Goldman Sachs from Neutral to Buy
- Potbelly (PBPB) upgraded by Piper Jaffray from Neutral to Overweight
- McDonald’s (MCD) upgraded by Longbow from Neutral to Buy
- BlackRock (BLK) upgraded by Goldman Sachs from Buy to Conviction Buy
- T. Rowe Price (TROW) upgraded by Goldman Sachs from Neutral to Buy
- Ono Pharmaceutical (OPHLY) upgraded by Citi from Neutral to Buy
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Downgrades
- Enduro Royalty (NDRO) downgraded by Stifel from Buy to Hold
- QVC Group (QVCA) downgraded by Citi from Buy to Sell
- U.S. Bancorp (USB) downgraded by Nomura Instinet from Buy to Neutral
- Pier 1 Imports (PIR) downgraded by Loop Capital from Buy to Hold
- BankFinancial (BFIN) downgraded by DA Davidson from Buy to Neutral
- Mercantile Bank (BWM) downgraded by DA Davidson from Buy to Neutral
- Invesco (IVZ) downgraded to Neutral by Goldman Sachs from Conviction Buy to Neutral
- Pacific Biosciences (PACB) downgraded by CL King from Buy to Neutral
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