Upgrades
- Matador (MTDR) upgraded by Stifel from Hold to Buy
- Dropbox (DBX) upgraded by Jefferies from Hold to Buy
- Adidas (ADDYY) upgraded by Kepler Cheuvreux from Hold to Buy
- Logitech (LOGI) upgraded by AlphaValue from Sell to Reduce
- Valero (VLO) upgraded by Jefferies from Hold to Buy
- Phillips 66 Partners (PSXP) upgraded by Jefferies from Hold to Buy
- Cardinal Health (CAH) upgraded by Guggenheim from Neutral to Buy
- PPG (PPG) upgraded by SunTrust from Hold to Buy
- Concho Resources (CXO) upgraded by Raymond James from Outperform to Strong Buy
- FormFactor (FORM) upgraded by Citi from Neutral to Buy
- Holly Energy Partners (HEP) upgraded by Jefferies from Hold to Buy
- Daimler AG (DDAIF) upgraded by AlphaValue from Sell to Reduce
- Cathay Pacific (CPCAY) upgraded by Credit Suisse from Underperform to Neutral
- Pioneer Natural (PXD) upgraded by Raymond James from Outperform to Strong Buy
Downgrades
- HelloFresh (HLFFF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Kilroy Realty (KRC) downgraded by Deutsche Bank from Hold to Sell
- Hitachi (HTHIY) downgraded by SMBC Nikko from Outperform to Neutral
- British American Tobacco (BTI) downgraded by Jefferies from Buy to Hold
- Alliance Data (ADS) assumed by Jefferies from Buy with a Hold
- Urban Outfitters (URBN) downgraded by Loop Capital from Hold to Sell
- Masonite (DOOR) downgraded by Northcoast from Buy to Neutral
- GDS Holdings (GDS) downgraded by Deutsche Bank from Hold to Sell
- Aker ASA (AKKVF) downgraded by Kepler Cheuvreux from Buy to Hold
- SL Green Realty (SLG) downgraded by Deutsche Bank from Buy to Hold
- Paramount Group (PGRE) downgraded by Deutsche Bank from Buy to Hold
- EssilorLuxottica (ESLOY) downgraded by Bryan Garnier from Buy to Neutral
- Kion Group (KIGRY) downgraded by DZ Bank from Buy to Sell
- Gamma Communications (GAMCF) downgraded by Peel Hunt from Buy to Add
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