Upgrades
- Canadian National (CNI) upgraded by Deutsche Bank from Sell to Hold
- PayPal (PYPL) upgraded by Stifel from Hold to Buy
- Novartis (NVS) upgraded by Credit Suisse from Underperform to Neutral
Downgrades
- First Cash Financial (FCFS) downgraded by Credit Suisse from Outperform to Neutral
- Ultra Petroleum (UPL) downgraded by Stifel from Buy to Hold
- Zoe’s Kitchen (ZOES) downgraded by William Blair from Outperform to Market Perform
- Big Yellow Group (BYLOF) downgraded by JPMorgan from Overweight to Neutral
- 8×8, Inc. (EGHT) downgraded by BofA/Merrill from Buy to Neutral
- Cincinnati Bell (CBB) downgraded by Morgan Stanley from Overweight to Equal Weight
- Roche (RHHBY) downgraded by Credit Suisse from Neutral to Underperform
- Liberty TripAdvisor (LTRPA) downgraded by Guggenheim from Neutral to Sell
- First Quantum Minerals (FQVLF) downgraded by Deutsche Bank from Buy to Hold
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