Upgrades
- Finisar (FNSR) upgraded by Jefferies from Hold to Buy
- Buckeye Partners (BPL) upgraded by Citigroup from Neutral to Buy
- ONEOK Partners (OKS) upgraded by Citigroup from Neutral to Buy
- L’Oreal (LRLCY) upgraded by UBS from Neutral to Buy
- Steel Dynamics (STLD) upgraded by BofA/Merrill from Neutral to Buy
- Reliance Steel (RS) upgraded by BofA/Merrill from Neutral to Buy
- FMC Technologies (FTI) upgraded by Societe Generale from Hold to Buy
- Constellium (CSTM) upgraded by Goldman from Buy to Conviction Buy
- Tata Motors (TTM) upgraded by Nomura from Neutral to Buy
- Carnival (CCL) downgraded by Jefferies from Hold to Underperform
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Downgrades
- Volkswagen (VLKAY) downgraded by Goldman from Buy to Neutral
- U.S. Steel (X,STLD) downgraded by Citigroup from Neutral to Sell
- Grainger (GWW) downgraded by Goldman from Neutral to Sell
- Infoblox (BLOX) downgraded by Needham from Buy to Hold
- Infoblox (BLOX) downgraded by Sterne Agee from Buy to Neutral
- Insperity (NSP) downgraded by Roth Capital from Buy to Neutral
- Advanced Photonix (API) downgraded by B. Riley from Buy to Neutral
- Lennar (LEN) downgraded by Raymond James from Strong Buy to Outperform
- Sohu.com (SOHU) downgraded by Morgan Stanley from Equal Weight to Underweight
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Upgrades & Downgrades provided by Theflyonthewall.com 
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