Upgrades
- Santander Mexico (BSMX) upgraded by JPMorgan from Neutral to Overweight
- Alexandria Real Estate (ARE) upgraded by JPMorgan from Neutral to Overweight
- AvalonBay (AVB) upgraded by JPMorgan from Neutral to Overweight
- Macerich (MAC) upgraded by JPMorgan from Underweight to Neutral
- Healthcare Trust (HTA) upgraded by JPMorgan from Neutral to Overweight
- World Acceptance (WRLD) upgraded by Janney Montgomery Scott from Sell to Neutral
- DuPont (DD) upgraded by DZ Bank from Hold to Buy
- Delta Air Lines (DAL) upgraded by Deutsche Bank from Hold to Buy
- Cabot Microelectronics (CCMP) upgraded by Loop Capital from Hold to Buy
- Sasol (SSL) upgraded by BofA/Merrill from Neutral to Buy
- STAG Industrial (STAG) upgraded by RBC Capital from Outperform to Top Pick
- Sabra Health Care (SBRA) upgraded by Citi from Sell to Neutral
- Eli Lilly (LLY) upgraded by Morgan Stanley from Equal Weight to Overweight
Downgrades
- Boston Properties (BXP) downgraded by JPMorgan from Overweight to Neutral
- Mack-Cali Realty (CLI) downgraded by JPMorgan from Neutral to Underweight
- Kimco Realty (KIM) downgraded by JPMorgan from Overweight to Neutral
- Regency Centers (REG) downgraded by JPMorgan from Overweight to Neutral
- Halliburton (HAL) downgraded by BMO Capital from Outperform to Market Perform
- Galapagos (GLPG) downgraded by Citi from Buy to Neutral
- Anglo American (NGLOY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Domino’s Pizza (DPZ) downgraded by Longbow from Buy to Neutral
- FedEx (FDX) downgraded by Oppenheimer from Outperform to Perform
- LogMeln (LOGM) downgraded by Piper Jaffray from Overweight to Neutral
- AMC Entertainment (AMC) downgraded by BofA/Merrill from Neutral to Underperform
- Texas Capital (TCBI) downgraded by BofA/Merrill from Buy to Neutral
- Alexandria Real Estate (ARE) downgraded by RBC Capital from Top Pick to Outperform
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