Upgrades
- Microsoft (MSFT) upgraded by Atlantic Equities from Neutral to Overweight
- Morgan Stanley (MS) upgraded by Goldman from Neutral to Conviction Buy
- Citigroup (C) upgraded by Goldman from Neutral to Buy
- Tenneco (TEN) upgraded by Wells Fargo from Market Perform to Outperform
- Legg Mason (LM) upgraded by Keefe Bruyette from Market Perform to Outperform
- Advance Auto Parts (AAP) upgraded by UBS from Neutral to Buy
- Canadian Imperial Bank (CM) upgraded by BofA/Merrill from Neutral to Buy
- Motorola Solutions (MSI) upgraded by Argus from Hold to Buy
- LG Display (LPL) upgraded by Nomura from Neutral to Buy
- AutoZone (AZO) upgraded by Goldman from Sell to Neutral
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Downgrades
- Time Warner (TWX) downgraded by Barclays from Overweight to Equal Weight
- Procter & Gamble (PG) downgraded by UBS from Buy to Neutral
- Bank of America (BAC) downgraded by Goldman from Buy to Neutral
- Staples (SPLS) downgraded by Goldman from Neutral to Sell
- AK Steel (AKS) downgraded by Morgan Stanley from Overweight to Equal Weight
- Whole Foods (WFM) downgraded by Goldman from Conviction Buy to Buy
- Norfolk Southern (NSC) downgraded by Atlantic Equities from Overweight to Neutral
- JP Morgan (JPM) downgraded by Goldman from Conviction Buy to Buy
- Taiwan Semiconductor (TSM) downgraded by Bernstein from Outperform to Market Perform
- Eagle Bulk Shipping (EGLE) downgraded by Jefferies from Buy to Hold
- Omnicom (OMC) downgraded by BMO Capital from Outperform to Market Perform
- Metals USA (MUSA) downgraded by CLSA from Outperform to Underperform
- Provident Financial (PFS) downgraded by Stifel Nicolaus from Buy to Hold
- Monster Beverage (MNST) downgraded by SunTrust from Buy to Neutral
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Upgrades & Downgrades provided by TheFlyOnTheWall.com
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