Upgrades
- Philips (PHG) upgraded by Goldman from Neutral to Buy
- LG Display (LPL) upgraded by Citigroup from Neutral to Buy
- Spirit Airlines (SAVE) upgraded by Citigroup from Neutral to Buy
- Pharmacyclics (PCYC) upgraded by Goldman from Neutra to Buy
- Johnson & Johnson (JNJ) upgraded by Goldman from Sell to Neutral
- J.B. Hunt (BHT) upgraded by BofA/Merrill from Neutral to Buy
- Texas Industries (TXI) upgraded by Longbow from Neutral to Buy
- Safeway (SWY) upgraded by JPMorgan from Neutral to Overweight
- Digital Realty (DLR) upgraded by Cantor from Hold to Buy
- Assurant (AIZ) upgraded by BofA/Merrill from Underperform to Neutral
- Chipotle (CMG) upgraded by Janney Capital from Neutral to Buy
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Downgrades
- Micron (MU) downgraded by Wells Fargo from Market Perform to Underperform
- Merck (MRK) downgraded by Jefferies from Buy to Hold
- Eli Lilly (LLY) downgraded by Jefferies from Hold to Underperform
- AstraZeneca (AZN) downgraded by Jefferies from Hold to Underperform
- Dr Pepper Snapple (DPS) downgraded by Wells Fargo from Outperform to Market Perform
- Intel (INTC) downgraded by Macquarie from Outperform to Neutral
- Sonoco Products (SON) downgraded by Goldman from Neutral to Sell
- Annie’s (BNNY) downgraded by SunTrust from Buy to Neutral
- Corning (GLW) downgraded by Piper Jaffray from Overweight to Neutral
- Chesapeake (CHK) downgraded by Stifel from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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