Upgrades
- Gazprom Neft (GZPFY) upgraded by Goldman Sachs from Sell to Neutral
- Lufthansa (DLAKY) upgraded by Kepler Cheuvreux from Reduce to Buy
- IAG (ICAGY) upgraded by Kepler Cheuvreux from Reduce to Hold
- Air France-KLM (AFLYY) upgraded by Kepler Cheuvreux from Reduce to Hold
- Accell Group (ACGPF) upgraded by Kepler Cheuvreux from Hold to Buy
- PG&E (PCG) upgraded by Wolfe Research from Peer Perform to Outperform
- Ericsson (ERIC) upgraded by Societe Generale from Hold to Buy
- ServiceNow (NOW) upgraded by Morgan Stanley from Equal Weight to Overweight
- WildBrain (WLDBF) upgraded by Scotiabank from Underperform to Sector Perform
- SAS AB (SASDY) upgraded by HSBC from Reduce to Buy
- Acco Brands (ACCO) upgraded by KeyBanc from Sector Weight to Overweight
- Burlington Stores (BURL) upgraded by Gordon Haskett from Accumulate to Buy
- Home Depot (HD) upgraded by Gordon Haskett from Accumulate to Buy
- Ross Stores (ROST) upgraded by Gordon Haskett from Accumulate to Buy
- Essex Property Trust (ESS) upgraded by BTIG from Neutral to Buy
- Wendy’s (WEN) upgraded by Northcoast from Neutral to Buy
Downgrades
- Triumph Bancorp (TBK) downgraded by Keefe Bruyette from Outperform to Market Perform
- Compass Group (CMPGY) downgraded by Jefferies from Buy to Hold
- Intercorp Financial (IFS) downgraded by JPMorgan from Overweight to Neutral
- Air Products (APD) downgraded by JPMorgan from Overweight to Neutral
- AB InBev (BUD) downgraded by Redburn from Buy to Neutral
- Ryanair (RYAAY) downgraded by UBS from Buy to Neutral
- Benesse (BSEFY) downgraded by Daiwa from Outperform to Neutral
- Meggitt (MEGGF) downgraded by Citi from Buy to Neutral
- Salesforce (CRM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Nuvista Energy (NUVSF) downgraded by Stifel from Buy to Hold
- Lowe’s (LOW) downgraded by Gordon Haskett from Buy to Accumulate
- Williams-Sonoma (WSM) downgraded by Gordon Haskett from Buy to Accumulate
- Alcon (ALC) downgraded by Guggenheim from Buy to Neutral
- Coherent (COHR) downgraded by Longbow from Buy to Neutral
- Getlink (GRPTF) downgraded by HSBC from Buy to Hold
- Stock Yards Bancorp (SYBT) downgraded by Stephens from Overweight to Equal Weight
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