Key Calls (Wednesday): Upgrades, Downgrades & Initiations

Via Bloomberg AGCO (AGCO) raised to neutral at UBS, PT $68 CDK Global (CDK) raised to outperform at Wells Fargo, PT $75 Cenovus Energy (CVE CN) raised to sector outperform at Peters & Co Liberty Global LiLAC (LILA) raised to buy at New Street Research PayPal (PYPL) raised to overweight at Pacific Crest, PT $60 Red Hat (RHT) raised to buy at Stifel, PT $115 Spin Master (TOY CN) raised to outperform at National Bank, PT C$43 Trican Well Service (TCW CN) raised to overweight at Morga

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