Upgrades
- Philip Morris (PM) upgraded by Nomura from Reduce to Neutral
- KT Corporation (KT) upgraded by BofA/Merrill from Underperform to Buy
- African Barrick Gold (ABGLY) upgraded by Deutsche Bank from Hold to Buy
- Kingfisher (KGFHY) upgraded by UBS from Neutral to Buy
- Mallinckrodt (MNK) upgraded by UBS from Neutral to Buy
- Yelp (YELP) upgraded by CRT Capital from Fair Value to Buy
- AmSurg (AMSG) upgraded by Cantor from Hold to Buy
- LinkedIn (LNKD) upgraded by Topeka from Hold to Buy
- FireEye (FEYE) upgraded by Topeka from Hold to Buy
- Quanex (NX) upgraded by BB&T from Hold to Buy
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Downgrades
- UniCredit (UNCFF) downgraded by Goldman from Buy to Neutral
- Hershey (HSY) downgraded by Goldman from Neutral to Sell
- Apache (APA) downgraded by Deutsche Bank from Buy to Hold
- NASDAQ (NDAQ) downgraded by BofA/Merrill from Buy to Neutral
- Alpha Natural (ANR) downgraded by UBS from Neutral to Sell
- Walter Energy (WLT) downgraded by UBS from Neutral to Sell
- Arch Coal (ACI) downgraded by UBS from Neutral to Sell
- Apache (APA) downgraded by Deutsche Bank from Buy to Hold
- John Wiley (JW.A) downgraded by Stifel from Buy to Hold
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