Upgrades
- Microsoft (MSFT) upgraded by Deutsche Bank from Hold to Buy
- Rambus (RMBS) upgraded by Citigroup from Neutral to Buy
- Total System (TSS) upgraded by Goldman from Sell to Neutral
- ExlService (EXLS) upgraded by Goldman from Neutral to Buy
- F5 Networks (FFIV) upgraded by Janney Capital from Neutral to Buy
- Norfolk Southern (NSC) upgraded by BofA/Merrill from Neutral to Buy
- TE Connectivity (TEL) upgraded by Cross Research from Hold to Buy
- Netflix (NFLX) upgraded by CRT Capital from Fair Value to Buy
- American States Water (AWR) upgraded by Janney Capital from Neutral to Buy
- Remy Cointreau (REMYF) upgraded by Citigroup from Sell to Neutral
- Western Digital (WDC) upgraded by Craig-Hallum from Hold to Buy
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Downgrades
- eBay (EBAY) downgraded by Stifel from Buy to Hold
- eBay (EBAY) downgraded by Topekato from Buy to Hold
- Genpact (G) downgraded by Goldman from Neutral to Sell
- Salesforce.com (CRM) downgraded by Deutsche Bank from Buy to Hold
- Citrix (CTXS) downgraded by Deutsche Bank from Buy to Hold
- Lamar Advertising (LAMR) downgraded by Citigroup from Buy to Neutral
- Performant Financial (PFMT) downgraded by Goldman from Buy to Neutral
- Heartland Payment (HPY) downgraded by Goldman from Buy to Neutral
- CalAmp (CAMP) downgraded by B. Riley from Buy to Neutral
- Hercules Offshore (HERO) downgraded by Global Hunter from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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