Upgrades and Downgrades for Wednesday 10/17

Upgrades

• American Airlines (AAL) upgraded by Deutsche Bank from Hold to Buy
• Delta Air Lines (DAL) upgraded by Deutsche Bank from Hold to Buy
• Air New Zealand (ANZFF) upgraded by Deutsche Bank from Sell to Hold
• United Continental (UAL) upgraded by Deutsche Bank from Hold to Buy
• NetApp (NTAP) upgraded by Goldman Sachs from Neutral to Conviction Buy
• Pure Storage (PSTAG,NTAP) upgraded by Goldman Sachs from Sell to Neutral
• Akorn (AKRX) upgraded by Piper Jaffray from Neutral to Overweight
• CapStar Financial (CSTR) upgraded by Compass Point from Sell to Neutral
• Logitech (LOGI) upgraded by JPMorgan from Underweight to Neutral
• Infineon (IFNNY) upgraded by Exane BNP Paribas from Underperform to Neutral

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Downgrades

• NantKwest (NK) downgraded by Citi from Neutral to Sell
• Michelin (MGDDY) downgraded by Goldman Sachs from Buy to Neutral
• Infosys (INFY) downgraded by Goldman Sachs from Buy to Neutral
• CP All (CVPUF) downgraded by Citi from Buy to Neutral
• Safran (SAFRY) downgraded by Jefferies from Hold to Underperform
• Covia (CVIA) downgraded by Jefferies from Buy to Hold
• Martin Marietta (MLM) downgraded by BofA/Merrill from Buy to Neutral
• U.S. Silica (SLCA) downgraded by Jefferies from Buy to Hold
• Home Depot (HD) downgraded by Credit Suisse from Outperform to Neutral
• Lowe’s (LOW) downgraded by Credit Suisse from Outperform to Neutral
• Del Taco (TACO) downgraded by BTIG from Buy to Neutral
• BlackRock (BLK) downgraded by Goldman Sachs from Conviction Buy to Buy

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