Upgrades
- Trina Solar (TSL,YGE) upgraded by Deutsche Bank from Hold to Buy
- Yingli Green (YGL,TSL) upgraded by Deutsche Bank from Hold to Buy
- Alpha Natural (ANR) upgraded by Goldman from Sell to Neutral
- Walter Energy (WLT) upgraded by Goldman from Sell to Neutral
- CONSOL Energy (CNX) upgraded by Goldman from Neutral to Buy
- Occidental Petroleum (OXY) upgraded by Susquehanna from Neutral to Positive
- Regions Financial (RF) upgraded by Guggenheim from Neutral to Buy
- Nike (NKE) upgraded by Sterne Agee from Neutral to Buy
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Downgrades
- International Paper (IP) downgraded by Deutsche Bank from Buy to Hold
- Avis Budget (CAR) downgraded by Goldman from Buy to Neutral
- International Game (IGT) downgraded by Deutsche Bank from Buy to Hold
- Arch Coal (ACI) downgraded by Goldman from Neutral to Sell
- Cloud Peak Energy (CLD) downgraded by Goldman from Buy to Neutral
- Akamai (AKAM) downgraded by B. Riley from Buy to Neutral
- URS Corporation (URS) downgraded by KeyBanc from Buy to Hold
- Home Bancshares (HOMB) downgraded by Wunderlich from Buy to Hold
- Cameco (CCJ) downgraded by BofA/Merrill from Buy to Neutral
- Marathon Oil (MRO) downgraded by Stifel from Buy to Hold
- Nike (NKE) downgraded by Stifel from Buy to Hold
- Bank of America (BAC) downgraded by Guggenheim from Buy to Neutral
- Goldman Sachs (GS) downgraded by Guggenheim from Buy to Neutral
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