Upgrades
- DSW (DSW) upgraded by Brean Capital from Sell to Hold
- Arthur J. Gallagher (AJG) upgraded by Compass Point from Neutral to Buy
- Worthington (WOR) upgraded by KeyBanc from Hold to Buy
- Actuant (ATU) upgraded by SunTrust from Neutral to Buy
- Penske Automotive (PAG) upgraded by Sterne Agee from Neutral to Buy
- Laredo Petroleum (LPI) upgraded by SunTrust from Neutral to Buy
- Cognizant (CTSH) upgraded by UBS from Neutral to Buy
- The Pantry (PTRY) upgraded by Benchmark Co. from Hold to Buy
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Downgrades
- Essex Property Trust (ESS) downgraded by Goldman from Buy to Neutral
- Nordion (NDZ) downgraded by Canaccord from Buy to Hold
- Imperial Oil (IMO) downgraded by BofA/Merrill from Neutral to Underperform
- ArcelorMittal (MT) downgraded by Credit Suisse from Outperform to Neutral
- Healthstream (HSTM) downgraded by Northland from Outperform to Market Perform
- The Medicines Co. (MDCO,HSP) downgraded by Piper Jaffray from Overweight to Neutral
- ArcelorMittal (MT) downgraded by Credit Suisse from Outperform to Neutral
- Edison International (EIX) downgraded by Argus from Buy to Hold
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