Upgrades
- Constellation Brands (STZ) upgraded by Guggenheim from Sell to Neutral
- Constellation Brands (STZ) upgraded by Goldman Sachs from Neutral to Buy
- Waste Management (WM) upgraded by UBS from Neutral to Buy
- OMA Airports (OMAB) upgraded by HSBC from Hold to Buy
- Autoliv (ALV) upgraded by UBS from Neutral to Buy
- Lockheed Martin (LMT) upgraded by Vertical Group from Hold to Buy
- Nike (NKE) upgraded by Needham from Hold to Buy
- Park Hotels & Resorts (PK) upgraded by Goldman Sachs from Sell to Neutral
- Ralph Lauren (RL) upgraded by Needham from Hold to Buy
- Qorvo (QRVO) upgraded by Craig-Hallum from Hold to Buy
- Swedbank (SWDBY) upgraded by Deutsche Bank from Hold to Buy
- InterContinental (IHG) upgraded by UBS from Sell to Neutral
- Twitter (TWTR) upgraded by BofA/Merrill from Underperform to Buy
- BBA Aviation (BBAVY) upgraded by Jefferies from Hold to Buy
- United Continental (UAL) upgraded by JPMorgan from Neutral to Overweight
Downgrades
- DiamondRock (DRH) downgraded by Goldman Sachs from Neutral to Sell
- InterContinental (IHG) downgraded by Goldman Sachs from Buy to Neutral
- Keane Group (FRAC) downgraded by Jefferies from Buy to Hold
- Columbia Sportswear (COLM) downgraded by Needham from Buy to Hold
- NuStar Energy (NS) downgraded by UBS from Buy to Neutral
- Continental AG (CTTAY) downgraded by UBS from Buy to Neutral
- Merlin Entertainments (MERLY) downgraded by UBS from Neutral to Sell
- Bank of China (BACHY) downgraded by Deutsche Bank from Buy to Hold
- BB&T (BBT) downgraded by BofA/Merrill from Buy to Underperform
- Big Lots (BIG) downgraded by Goldman Sachs from Buy to Neutral
- Illinois Tool Works (ITW) downgraded by JPMorgan from Neutral to Underweight
- JetBlue (JBLU) downgraded by JPMorgan to Neutral
- Burberry (BURBY) downgraded by Berenberg from Buy to Hold
- Kering (PPRUY) downgraded by UBS from Buy to Neutral
- Republic Services (RSG) downgraded by UBS from Buy to Neutral
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