Upgrades
- Burberry (BURBY) upgraded by Goldman Sachs from Sell to Neutral
- J Sainsbury (JSAIY) upgraded by Goldman Sachs from Sell to Neutral
- Procter & Gamble (PG) upgraded by Goldman Sachs from Neutral to Buy
- KB Home (KBH) upgraded by Raymond James from Underperform to Market Perform
- KAZ Minerals (KZMYY) upgraded by Credit Suisse from Underperform to Neutral
- Office Properties (OPI) upgraded by RBC Capital from Underperform to Sector Perform
- Julius Baer (JBAXY) upgraded by Macquarie from Neutral to Outperform
- Avid Bioservices (CDMO) upgraded by Janney Montgomery Scott from Neutral to Buy
- AutoZone (AZO) upgraded by Oppenheimer from Perform to Outperform
- Yamana Gold (AUY) upgraded by National Bank from Sector Perform to Outperform
- Smart Global (SGH) upgraded by Needham from Hold to Buy
Downgrades
- Prada (PRDSY) downgraded by Goldman Sachs from Neutral to Sell
- Arrowhead (ARWR) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Sogou (SOGO) downgraded by JPMorgan from Neutral to Underweight
- Biogen (BIIB) downgraded by Piper Jaffray from Overweight to Neutral
- Live Nation (LYV) downgraded by Citi from Neutral to Sell
- Qinetiq (QNTQF) downgraded by Credit Suisse from Outperform to Neutral
- Merck KGaA (MKGAY) downgraded by BofA/Merrill from Neutral to Underperform
- Alstom (ALSMY) downgraded by BofA/Merrill from Buy to Neutral
- Unitil (UTL) downgraded by Janney Montgomery Scott from Buy to Neutral
- Epiroc (EPOKY) downgraded by JPMorgan from Overweight to Neutral
- WageWorks (WAGE) downgraded by SunTrust from Buy to Hold
- CarMax (KMX) downgraded by Northcoast from Buy to Neutral
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