Upgrades
- Estee Lauder (EL) upgraded by Goldman from Buy to Conviction Buy
- Veeco (VECO) upgraded by Berenberg from Hold to Buy
- Qlik Technologies (QLIK) upgraded by Mizuho from Neutral to Buy
- General Cable (BGC) upgraded by Longbow from Neutral to Buy
- MasterCard (MA) upgraded by Janney Capital from Neutral to Buy
- Visa (V) upgraded by Janney Capital from Neutral to Buy
- Morgan Stanley (MS) upgraded by BofA/Merrill from Neutral to Buy
- Ingram Micro (IM) upgraded by Citigroup from Neutral to Buy
- Basic Energy (BAS) upgraded by Wunderlich from Sell to Hold
- Key Energy (KEG) upgraded by Wunderlich from Sell to Hold
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Downgrades
- Diamondback Energy (FANG) downgraded by SunTrust from Buy to Neutral
- International Paper (IP) downgraded by Longbow from Buy to Neutral
- RockTenn (RKT) downgraded by Longbow from Buy to Neutral
- IBM (IBM) downgraded by Citigroup from Buy to Neutral
- Sharp (SHCAY) downgraded by Jefferies from Hold to Underperform
- Wal-Mart (WMT) downgraded by William Blair from Market Perform to Underperform
- PetSmart (PETM) downgraded by BofA/Merrill from Neutral to Underperform
- athenahealth (ATHN) reinstated by Raymond James from its previous rating of Strong Buy to Market Perform
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Upgrades & Downgrades provided by Theflyonthewall.com 
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