Upgrades
- Royal Mail (ROYMY) upgraded by Goldman Sachs from Neutral to Buy
- Lenovo (LNVGY) upgraded by Goldman Sachs from Neutral to Buy
- Iluka Resources (ILKAY) upgraded by Citi from Neutral to Buy
- Dow Inc. (DOW) upgraded by JPMorgan from Underweight to Neutral
- Kratos Defense (KTOS) upgraded by JPMorgan from Neutral to Overweight
- AIB Group (AIBRF) upgraded by Citi from Neutral to Buy
- Anglo American (NGLOY) upgraded by RBC Capital from Outperform to Top Pick
- Vale (VALE) upgraded by BofA/Merrill from Neutral to Buy
- Vodafone (VOD) upgraded by HSBC from Hold to Buy
- Vale (VALE) upgraded by RBC Capital from Underperform to Sector Perform
- Ericsson (ERIC) upgraded by Credit Suisse from Neutral to Outperform
- Bloomin’ Brands (BLMN) upgraded by Guggenheim from Neutral to Buy
- PetroChina (PTR) upgraded by Citi from Neutral to Buy
Downgrades
- Toronto-Dominion (TD) downgraded by National Bank from Outperform to Sector Perform
- Danske Bank (DNKEY) downgraded by Goldman Sachs from Buy to Neutral
- SQM (SQM) downgraded by BMO Capital from Outperform to Market Perform
- Avon Products (AVP) downgraded by DA Davidson from Buy to Neutral
- Cray (CRAY) downgraded by KeyBanc from Overweight to Sector Weight
- Woolworths Group (WOLWF) downgraded by Citi from Neutral to Sell
- Axon (AAXN) downgraded by Imperial Capital from Outperform to In-Line
- BioCryst (BCRX) downgraded by RBC Capital from Outperform to Sector Perform
- Globus Medical (GMED) downgraded by Wells Fargo from Outperform to Market Perform
- Lennox (LII) downgraded by UBS from Neutral to Sell
- Weibo (WB) downgraded by HSBC from Hold to Reduce
- Constellation Brands (STZ) downgraded by Morgan Stanley to Equal Weight
- Veeva (VEEV) downgraded by Morgan Stanley from Overweight to Equal Weight
- Spire (SR) downgraded by Wells Fargo from Outperform to Market Perform
- Sina (SINA) downgraded by Macquarie from Outperform to Neutral
- Big Lots (BIG) downgraded by Piper Jaffray from Overweight to Neutral
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