Upgrades
- SunPower (SPWR) upgraded by BofA/Merrill from Underperform to Neutral
- Daimler AG (DDAIF) upgraded by Exane BNP Paribas from Underperform to Neutral
- Associated British Foods (ASBFY) upgraded by Berenberg from Hold to Buy
- National Storage (NSA) upgraded by Jefferies from Hold to Buy
- Cloudera (CLDR) upgraded by Nomura Instinet from Neutral to Buy
- Independent Bank (IBTX) upgraded by Raymond James from Outperform to Strong Buy
- Preferred Bank (PFBC) upgraded by Raymond James from Outperform to Strong Buy
- Cummins (CMI) upgraded by Piper Jaffray from Neutral to Overweight
- Akorn (AKRX) upgraded by Craig-Hallum from Hold to Buy
- CommScope (COMM) upgraded by Cross Research from Hold to Buy
Downgrades
- Continental AG (CTTAY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Valeo (VLEEY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Schaeffler AG (SCFLF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Vocus Group (VCMMF) downgraded by JPMorgan from Overweight to Neutral
- Swedbank (SWDBY) downgraded by JPMorgan from Overweight to Neutral
- AMC Networks (AMCX) downgraded by Goldman Sachs from Neutral to Sell
- Saipem (SAPMF) downgraded by Citi from Buy to Neutral
- Arista Networks (ANET) downgraded by Goldman Sachs from Conviction Buy to Buy
- FS Investment (FSIC) downgraded by Wells Fargo from Outperform to Market Perform
- Solar Capital (SLRC) downgraded by Wells Fargo from Outperform to Market Perform
- Atlassian (TEAM) downgraded by Morgan Stanley from Overweight to Equal Weight
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