Todays 

Downgrades

• BRF S.A. (BRFS) downgraded by Goldman Sachs from Neutral to Sell
• TIS Inc. (TISNF) downgraded by Goldman Sachs from Buy to Neutral
• Ambarella (AMBA) downgraded by KeyBanc from Overweight to Sector Weight
• Merdeka Copper (PMCGF) downgraded by JPMorgan from Overweight to Neutral
• Tele2 (TLTZY) downgraded by UBS from Buy to Neutral
• PDC…

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Todays 

Upgrades

• Chevron (CVX) upgraded by JPMorgan from Underweight to Neutral
• Xylem (XYL) upgraded by Baird from Neutral to Outperform
• J D Wetherspoon (JDWPF) upgraded by HSBC from Hold to Buy
• Mitchells & Butlers (MBPFF) upgraded by HSBC from Hold to Buy
• Avis Budget (CAR) upgraded by Deutsche Bank from Hold to Buy
• Q2 Holdings (QTWO) upgraded by…

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Consumer stocks were mixed pre-bell Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.6% lower.

Advance Auto Parts (AAP) was retreating nearly 28% after it reported fiscal Q1 earnings of $0.72 per diluted share, down from $2.26 per share a year earlier.…

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