MercadoLibre (MELI -1.6%) has been cut to Underweight by Morgan Stanley, which cites Venezuela-related concerns. The company's forex accounting for Venezuela, which has seen massive inflation, has been sharply criticized. Shares were hammered two weeks ago following a Q3 miss.
Maxim (MXIM +0.8%) has been upgraded to Buy by MKM.
Synchronoss (SNCR -1.6%) has been cut to Neutral by Baird.
Microchip (MCHP -1%) has been cut to Equal Weight by Stephens.
ON Semi (ONNN -1.8%) has been cut to Neutral by MKM.