Upgrades
- Barclays (BCS) upgraded by Berenberg from Hold to Buy
- RSA Insurance (RSNAY) upgraded by Berenberg from Hold to Buy
- United Utilities (UUGRY) upgraded by Deutsche Bank from Hold to Buy
- Viavi (VIAV) upgraded by Deutsche Bank from Hold to Buy
- Biogen (BIIB) upgraded by Cantor Fitzgerald from Neutral to Overweight
- Scor (SCRYY) upgraded by Goldman Sachs from Sell to Neutral
- Apollo Global (APO) upgraded by Goldman Sachs from Buy to Conviction Buy
- Teva (TEVA) upgraded by Goldman Sachs from Buy to Conviction Buy
- Entegris (ENTG) upgraded by Deutsche Bank from Hold to Buy
- UPS (UPS) upgraded by BMO from Market Perform to Outperform
- Independent Bank (IBCP) upgraded by DA Davidson from Neutral to Buy
Downgrades
- Tokyo Electron (TOELY) downgraded by Deutsche Bank from Buy to Hold
- AB InBev (BUD) downgraded by Jefferies from Buy to Hold
- REV Group (REVG) downgraded by Stifel from Buy to Hold
- Lam Research (LRCX) downgraded by Mizuho from Buy to Neutral
- Lam Research (LRCX) downgraded by Deutsche Bank from Buy to Hold
- Western Digital (WDC) downgraded by Mizuho from Buy to Neutral
- Infinera (INFN) downgraded by MKM Partners from Neutral to Sell
- Applied Materials (AMAT) downgraded by Deutsche Bank from Buy to Hold
- Vestas (VWDRY) downgraded by JPMorgan from Overweight to Neutral
- Delphi Technologies (DLPH) downgraded by BofA/Merrill from Neutral to Underperform
- Intel (INTC) downgraded by Barclays from Equal Weight to Underweight
- F5 Networks (FFIV) downgraded by Piper Jaffray from Neutral to Underweight
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