Upgrades
- Volvo (VOLVY) upgraded by Citigroup from Neutral to Buy
- Molson Coors (TAP) upgraded by Societe Generale from Sell to Hold
- Artisan Partners (APAM) upgraded by Citigroup from Neutral to Buy
- CIBC (CM) upgraded by Citigroup from Neutral to Buy
- Verizon (VZ) upgraded by BofA/Merrill from Neutral to Buy
- Semtech (SMTC) upgraded by B. Riley from Sell to Neutral
- Invesco Mortgage (IVR) upgraded by Wunderlich from Hold to Buy
- Canadian Pacific (CP) upgraded by BB&T from Hold to Buy
- Pilgrim’s Pride (PPC) upgraded by BB&T from Hold to Buy
- Two Harbors (TWO) upgraded by Wunderlich from Hold to Buy
- Halliburton (HAL) upgraded by Raymond James from Outperform to Strong Buy
- Baker Hughes (BHI) upgraded by Raymond James from Outperform to Strong Buy
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Downgrades
- Apple (AAPL) downgraded by Standpoint Research from Sell to Strong Sell
- Philip Morris (PM) downgraded by Standpoint Research from Sell to Strong Sell
- Volkswagen (VLKAY) downgraded by BofA/Merrill from Buy to Neutral
- Toronto-Dominion (TD) downgraded by Citigroup from Buy to Neutral
- Tim Participacoes (TSU) downgraded by Citigroup from Buy to Neutral
- Extra Space Storage (EXR) downgraded by ISI Group from Buy to Neutral
- Hibbett Sports (HIBB) downgraded by Stifel from Hold to Sell
- Container Store (TCS) downgraded by Stifel from Buy to Hold
- U.S. Steel (X) downgraded by KeyBanc from Buy to Hold
- Commercial Metals (CMC) downgraded by KeyBanc from Buy to Hold
- Steel Dynamics (STLD) downgraded by Canaccord from Buy to Hold
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