Upgrades
- Munich Re (MURGY) upgraded by Jefferies from Hold to Buy
- Ciena (CIEN) upgraded by Citi from Neutral to Buy
- Sanofi (SNY) upgraded by HSBC from Reduce to Hold
- Santander Consumer (SC) upgraded by Piper Jaffray from Neutral to Overweight
- Patterson-UTI (PTEN) upgraded by Citi from Neutral to Buy
- Landstar System (LSTR) upgraded by Stephens from Equal Weight to Overweight
- Dominion Midstream (DM) upgraded by Morgan Stanley from Equal Weight to Overweight
- Prospect Capital (PSEC) upgraded by Raymond James from Underperform to Market Perform
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Downgrades
- Coty (COTY) downgraded by Berenberg from Hold to Sell
- Vornado (VNO) downgraded by Stifel from Buy to Hold
- Keane Group (FRAC) downgraded by Citi from Buy to Neutral
- Arc Logistics (ARCX) downgraded by SunTrust from Buy to Hold
- Arc Logistics (ARCX) downgraded by Stifel from Buy to Hold
- The Advisory Board (ABCO) downgraded by Canaccord from Buy to Hold
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