Upgrades
- Societe Generale (SCGLY) upgraded by BofA/Merrill from Neutral to Buy
- BNP Paribas (BNPQY) upgraded by BofA/Merrill from Neutral to Buy
- Goldman Sachs (GS) upgraded by Deutsche Bank from Hold to Buy
- US Airways (LCC) upgraded by Deutsche Bank from Hold to Buy
- Chesapeake (CHK) upgraded by Citigroup from Neutral to Buy
- Texas Capital (TCBI) upgraded by Raymond James from Outperform to Strong Buy
- JAKKS Pacific (JAKK) upgraded by B. Riley from Neutral to Buy
- YPF SA (YPF) upgraded by Goldman from Sell to Neutral
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Downgrades
- U.S. Bancorp (USB) downgraded by Deutsche Bank from Buy to Hold
- Caterpillar (CAT) downgraded by JPMorgan from Overweight to Neutral
- AkzoNobel (AKZOY) downgraded by ING Group from Buy to Hold
- Mac-Gray (TUC) downgraded by Roth Capital from Buy to Sell
- Angie’s List (ANGI) downgraded by B. Riley from Buy to Neutral
- F5 Networks (FFIV) downgraded by BofA/Merrill from Buy to Neutral
- Susquehanna (SUSQ) downgraded by Guggenheim from Buy to Neutral
- Cadence Design (CDNS) downgraded by Needham from Buy to Hold
- Airgas (ARG) downgraded by BB&T from Buy to Hold
- Newfield Exploration (NFX) downgraded by Stifel from Buy to Hold
- Rosetta Resources (ROSE) downgraded by Stifel from Buy to Hold
- Suncor (SU) downgraded by Stifel from Buy to Hold
- Green Mountain (GMCR) downgraded by Argus from Buy to Hold
- Panera Bread (PNRA) downgraded by Deutsche Bank from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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