Upgrades
- CSN (SID) upgraded by Goldman Sachs from Sell to Neutral
- China Telecom (CHA) upgraded by Goldman Sachs from Neutral to Buy
- Dow Inc. (DOW) upgraded by Nomura Instinet from Neutral to Buy
- Huntsman (HUN) upgraded by Nomura Instinet from Neutral to Buy
- LyondellBasell (LYB) upgraded by Nomura Instinet from Neutral to Buy
- Eastman Chemical (EMN) upgraded by Nomura Instinet from Neutral to Buy
- Olin (OLN) upgraded by Nomura Instinet from Reduce to Neutral
- Westlake Chemical (WLK) upgraded by Nomura Instinet from Reduce to Neutral
- Western Digital (WDC) upgraded by Longbow from Neutral to Buy
- Pinnacle West (PNW) upgraded by BofA/Merrill from Neutral to Buy
- Gaming and Leisure Properties (GLPI) upgraded by Stifel from Hold to Buy
- Pioneer Natural (PXD) upgraded by Macquarie from Neutral to Outperform
- Franklin Resources (BEN) upgraded by Citi from Sell to Neutral
- Artisan Partners (APAM) upgraded by Citi from Sell to Neutral
Downgrades
- Celanese (CE) downgraded by Deutsche Bank from Buy to Hold
- Infosys (INFY) downgraded by BofA/Merrill from Buy to Neutral
- Infosys (INFY) downgraded by Citi from Buy to Neutral
- Infosys (INFY) downgraded by Credit Suisse from Neutral to Underperform
- Infosys (INFY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Infosys (INFY) downgraded by Investec from Buy to Hold
- Infosys (INFY) downgraded by Nomura Instinet from Neutral to Reduce
- Saratoga Investment (SAR) downgraded by Compass Point from Buy to Neutral
- Floor & Decor (FND) downgraded by Longbow from Buy to Neutral
- Wells Fargo (WFC) downgraded by Buckingham from Buy to Neutral
- Wells Fargo (WFC) downgraded by BofA/Merrill from Buy to Neutral
- China Mobile (CHL) downgraded by Goldman Sachs from Buy to Neutral
- Nokia (NOK) downgraded by Goldman Sachs from Neutral to Sell
- Centrica (CPYYY) downgraded by JPMorgan from Overweight to Neutral
- EnLink Midstream (ENLC) downgraded by Stifel from Buy to Hold
- EnLink Midstream (ENLC) downgraded by Jefferies from Buy to Hold
- ASML (ASML) downgraded by Goldman Sachs from Conviction Buy to Buy
- Livent (LTHM) downgraded by Citi from Buy to Neutral
- Phillips 66 (PSX) downgraded by Jefferies from Buy to Hold
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