Upgrades
- Lanxess (LNXSF) upgraded by UBS from Neutral to Buy
- Air Liquide (AIQUY) upgraded by UBS from Sell to Neutral
- AK Steel (AKS) upgraded by JPMorgan from Neutral to Overweight
- DaVita (DVA) upgraded by Raymond James from Outperform to Strong Buy
- Hyatt (H) upgraded by MKM Partners from Neutral to Buy
- lululemon (LULU) upgraded by Canaccord from Sell to Hold
- Commercial Metals (CMC) upgraded by BofA/Merrill from Neutral to Buy
- Brown-Forman (BF.B, BFA,BFB) upgraded by Societe Generale from Sell to Hold
- Lam Research (LRCX) upgraded by Nomura Instinet from Neutral to Buy
- Hyatt (H) upgraded by MKM Partners from Neutral to Buy
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Downgrades
- Secureworks (SCWX) downgraded by JPMorgan from Overweight to Neutral
- Yelp (YELP) downgraded by Piper Jaffray from Neutral to Underweight
- BASF (BASF) downgraded by UBS from Buy to Neutral
- Ctrip.com (CTRP) downgraded by JPMorgan from Overweight to Neutral
- Toll Brothers (TOL) downgraded by Raymond James from Strong Buy to Outperform
- Priceline (PCLN) downgraded by MKM Partners from Buy to Neutral
- Expedia (EXPE) downgraded by MKM Partners from Buy to Neutral
- Brown-Forman (BF.B, BFA,BFB) downgraded by Pivotal Research from Buy to Hold
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