Upgrades
- Derwent London (DWVF) upgraded by Goldman Sachs from Neutral to Buy
- Segro (SEGXF) upgraded by Goldman Sachs from Neutral to Buy
- Merlin Properties (MRPRF) upgraded by Goldman Sachs from Sell to Neutral
- Bankia (BNKXF) upgraded by Jefferies from Underperform to Buy
- AkzoNobel (AKZOY) upgraded by Berenberg from Sell to Buy
- Lululemon (LULU) upgraded by B. Riley FBR from Neutral to Buy
- Abercrombie & Fitch (ANF) upgraded by B. Riley FBR from Neutral to Buy
- Under Armour (UAA,UA) upgraded by B. Riley FBR from Sell to Neutral
- Progressive (PGR) upgraded by Raymond James from Outperform to Strong Buy
- Masco (MAS) upgraded by Jefferies from Hold to Buy
- Twitter (TWTR) upgraded by Goldman Sachs from Neutral to Buy
- Carlsberg (CABGY) upgraded by Goldman Sachs from Sell to Neutral
- Telenet (TLGHF) upgraded by Kepler Cheuvreux from Hold to Buy
- Yara (YARIY) upgraded by Kepler Cheuvreux from Hold to Buy
- Hexagon AB (HXGBY) upgraded by UBS from Neutral to Buy
- Philip Morris (PM) upgraded by Panmure Gordon from Hold to Buy
- Altria Group (MO) upgraded by Panmure Gordon from Hold to Buy
- Continental AG (CTTAY) upgraded by Pareto from Hold to Buy
- Eaton (ETN) upgraded by Gordon Haskett from Hold to Buy
- Illinois Tool Works (ITW) upgraded by Gordon Haskett from Hold to Buy
- Nasdaq (NDAQ) upgraded by Citi from Sell to Neutral
Downgrades
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- Precision BioSciences (DTIL) downgraded by Goldman Sachs from Buy to Neutral
- Red Electrica (RDEIY) downgraded by Deutsche Bank from Buy to Hold
- RealReal (REAL) downgraded by B. Riley FBR from Buy to Neutral
- Mohawk (MHK) downgraded by Jefferies from Buy to Hold
- United Rentals (URI) downgraded by Jefferies from Buy to Hold
- Immunomedics (IMMU) downgraded by Goldman Sachs from Buy to Sell
- Next plc (NXGPY) downgraded by Societe Generale from Buy to Hold
- Norsk Hydro (NHYDY) downgraded by Pareto from Hold to Sell
- Societe Generale (SCGLY) downgraded by DZ Bank from Hold to Sell
- National Grid (NGG) downgraded by Deutsche Bank from Buy to Hold
- Houghton Mifflin (HMHC) downgraded by Citi from Buy to Sell
- Covanta (CVA) downgraded by Goldman Sachs from Buy to Neutral
- Jeld-Wen (JELD) downgraded by Jefferies from Buy to Hold
- PDC Energy (PDCE) downgraded by Stifel from Buy to Hold
- Experian (EXPGY) downgraded by Exane BNP Paribas from Outperform to Neutral
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