Upgrades
- Bayer (BAYRY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Deutsche Telekom (DTEGY) upgraded by Jefferies from Hold to Buy
- Dun & Bradstreet (DNB) upgraded by JPMorgan from Underweight to Neutral
- Coca-Cola Femsa (KOF) upgraded by Citigroup from Sell to Neutral
- Abercrombie & Fitch (ANF) upgraded by BofA/Merrill from Neutral to Buy
- United Continental (UAL) upgraded by Goldman from Sell to Neutral
- lululemon (LULU) upgraded by CLSA from Sell to Underperform
- Broadcom (BRCM) upgraded by Macquarie from Neutral to Outperform
- Yum! Brands (YUM) upgraded by UBS from Neutral to Buy
- Brocade (BRCD) upgraded by ISI Group from Neutral to Buy
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Downgrades
- Intel (INTC) downgraded by Piper Jaffray from Neutral to Underweight
- rue21 (RUE)) downgraded by Jefferies from Buy to Hold
- MannKind (MNKD) downgraded by BofA/Merrill from Buy to Neutral
- JPMorgan (JPM) downgraded by Macquarie from Outperform to Neutral
- Sprint (S) downgraded by Nomura from Buy to Neutral
- Calgon Carbon (CCC) downgraded by RW Baird from Outperform to Neutral
- Isle of Capri (ISLE) downgraded by RBC Capital from Outperform to Sector Perform
- Insulet (PODD) downgraded by Wunderlich from Buy to Hold
- Iron Mountain (IRM) downgraded by Stifel from Buy to Hold
- VMware (VMW) downgraded by Drexel Hamilton from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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