Upgrades
- Tandem Diabetes (TNDM) upgraded by Piper Jaffray from Neutral to Overweight
- Furniture Brands (FBN) upgraded by Compass Point from Neutral to Buy
- Federated National (FNHC) upgraded by Raymond James from Outperform to Strong Buy
- L Brands (LB) upgraded by Citi from Neutral to Buy
- Thomson Reuters (TRI) upgraded by Canaccord from Hold to Buy
- Wabtec (WAB) upgraded by Deutsche Bank from Hold to Buy
- Tailored Brands (TLRD) upgraded by Jefferies from Hold to Buy
- Legacy Reserves (LGCY) upgraded by UBS from Sell to Neutral
- Lam Research (LRCX) upgraded by Citi from Neutral to Buy
- Meritage Homes (MTH) upgraded by BofA/Merrill from Neutral to Buy
- UPS (UPS) upgraded by BofA/Merrill from Neutral to Buy
- FMC Corporation (FMC) upgraded by Goldman Sachs from Neutral to Buy
- CSX (CSX) upgraded by Goldman Sachs from Sell to Neutral
- Oceaneering (OII) upgraded by Goldman Sachs from Neutral to Buy
Downgrades
- Dean Foods (DF) downgraded by Deutsche Bank from Hold to Sell
- Hostess Brands (TWNK) downgraded by Deutsche Bank from Buy to Hold
- United Insurance (UIHC) downgraded by Raymond James from Strong Buy to Outperform
- Alpha & Omega (AOSL) downgraded by Stifel from Hold to Sell
- Xerox (XRX) downgraded by Cross Research from Buy to Hold
- Andeavor (ANDV) downgraded by JPMorgan from Overweight to Neutral
- Hilltop Holdings (HTH) downgraded by Compass Point from Buy to Neutral
- Fortune Brands (FBHS) downgraded by BofA/Merrill from Buy to Neutral
- Loma Negra (LOMA) downgraded by UBS from Buy to Sell
- Masco (MAS) downgraded by BofA/Merrill from Buy to Neutral
- Chesapeake Lodging (CHSP) downgraded by Baird from Outperform to Neutral
- Uniti Group (UNIT) downgraded by Deutsche Bank from Buy to Hold
- Jeld-Wen (JELD) downgraded by BofA/Merrill from Buy to Neutral
- PennantPark Floating Rate (PFLT) downgraded by Ladenburg from Buy to Neutral
- Canadian National (CNI) downgraded by Goldman Sachs from Buy to Neutral
- Beacon Roofing (BECN) downgraded by Northcoast from Buy to Neutral
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