Upgrades
- Barclays (BCS) upgraded by Societe Generale from Hold to Buy
- Allstate (ALL) upgraded by Keefe Bruyette from Market Perform to Outperform
- Tesoro (TSO) upgraded by Citigroup from Neutral to Buy
- Valero Energy (VLO) upgraded by Citigroup from Neutral to Buy
- Barrick Gold (ABX) upgraded by Deutsche Bank from Hold to Buy
- Manpower (MAN) upgraded by BofA/Merrill from Neutral to Buy
- Global Payments (GPN) upgraded by Janney Capital from Neutral to Buy
- Merit Medical (MMSI) upgraded by Raymond James from Outperform to Strong Buy
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Downgrades
- Lufthansa (DLAKY) downgraded by Deutsche Bank from Buy to Hold
- Unilever (UN,UL) downgraded by UBS from Buy to Neutral
- Randgold Resources (GOLD) downgraded by Citigroup from Neutral to Sell
- Alcoa (AA) downgraded by Deutsche Bank from Hold to Sell
- Silver Standard (SSRI) downgraded by Deutsche Bank from Hold to Sell
- ResMed (RMD) downgraded by UBS from Buy to Neutral
- Edgen Group (EDG) downgraded by BB&T from Buy to Hold
- Splunk (SPLK) downgraded by Needham from Buy to Hold
- FARO Technologies (FARO) downgraded by Needham from Buy to Hold
- Invesco Mortgage (IVR) downgraded by Morgan Stanley from Overweight to Equal Weight
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Upgrades & Downgrades provided by Theflyonthewall.com 
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