Upgrades
- Arch Capital (ACGL) upgraded by Deutsche Bank from Hold to Buy
- Natixis (NTXFY) upgraded by UBS from Neutral to Buy
- Applied Optoelectronics (AAOI) upgraded by Rosenblatt from Sell to Neutral
- Grifols (GRFS) upgraded by JPMorgan from Neutral to Overweight
- MTN Group (MTNOY) upgraded by JPMorgan from Underweight to Neutral
- Owens Corning (OC) upgraded by BofA/Merrill from Neutral to Buy
- DiamondRock (DRH) upgraded by Wells Fargo from Underperform to Market Perform
- Crocs (CROX) upgraded by CL King from Neutral to Buy
- Owens Corning (OC) upgraded by Seaport Global from Sell to Neutral
- KB Home (KBH) upgraded by Buckingham from Neutral to Buy
- TripAdvisor (TRIP) upgraded by DA Davidson from Neutral to Buy
Downgrades
- W. R. Berkley (WRB) downgraded by Deutsche Bank from Hold to Sell
- Fortescue Metals (FSUGY) downgraded by Vertical Group from Buy to Sell
- Carlsberg (CABGY) downgraded by Citi from Neutral to Sell
- Chr. Hansen (CHYHY) downgraded by JPMorgan from Neutral to Underweight
- FactSet (FDS) downgraded by Goldman Sachs from Neutral to Sell
- Nordstrom (JWN) downgraded by Goldman Sachs from Neutral to Sell
- Ross Stores (ROST) downgraded by Goldman Sachs from Neutral to Sell
- Travelers (TRV) downgraded by Deutsche Bank from Hold to Sell
- Telkom SA (TLKGY) downgraded by JPMorgan from Neutral to Underweight
- Vodacom (VDMCY) downgraded by JPMorgan from Neutral to Underweight
- Sempra Energy (SRE) downgraded by BofA/Merrill from Buy to Neutral
- Brunswick (BC) downgraded by Northcoast from Buy to Neutral
- GAP Airports (PAC) downgraded by UBS from Neutral to Sell
- OMA Airports (OMAB) downgraded by UBS from Buy to Neutral
- Aerohive (HIVE) downgraded by Craig-Hallum from Buy to Hold
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