Upgrades
- Evercore Partners (EVR) upgraded by UBS from Neutral to Buy
- T. Rowe Price (TROW) upgraded by UBS from Sell to Neutral
- PayPal (PYPL) upgraded by Cowen from Market Perform to Outperform
- Carnival (CCL) upgraded by Credit Suisse from Neutral to Outperform
- Teva (TEVA) upgraded by Mizuho from Neutral to Buy
- Preferred Bank (PFBC) upgraded by Raymond James from Outperform to Strong Buy
- KKR (KKR) upgraded by Goldman Sachs from Buy to Conviction Buy
- Virtus Investment (VRTS) upgraded by Goldman Sachs from Sell to Neutral
- American Airlines (AAL) upgraded by BofA/Merrill from Underperform to Buy
- Spirit Airlines (SAVE) upgraded by BofA/Merrill from Neutral to Buy
- Principal Financial (PFG) upgraded by Goldman Sachs from Neutral to Buy
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Downgrades
- Bancolombia (CIB) downgraded by Citi from Neutral to Sell
- AK Steel (AKS) downgraded by Jefferies from Buy to Hold
- 8point3 Energy (CAFD) downgraded by JPMorgan from Overweight to Neutral
- ABB (ABB) downgraded by BofA/Merrill from Buy to Neutral
- Paychex (PAYX) downgraded by BofA/Merrill from Buy to Neutral
- Heartland Financial (HTLF) downgraded by Raymond James from Strong Buy to Outperform
- Affiliated Managers (AMG) downgraded by Goldman Sachs from Buy to Neutral
- Under Armour (UAA) downgraded by Susquehanna from Neutral to Negative
- JetBlue (JBLU) downgraded by BofA/Merrill from Buy to Underperform
- Alaska Air (ALK) downgraded by BofA/Merrill from Buy to Neutral
- Southwest (LUV) downgraded by BofA/Merrill from Buy to Neutral
- Revance (RVNC) downgraded by Guggenheim from Buy to Neutral
- Gevo (GEVO) downgraded by H.C. Wainwright from Buy to Neutral
- PetroChina (PTR) downgraded by Macquarie from Outperform to Neutral
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