Upgrades
- Royal Dutch Shell (RDS.A) upgraded by Deutsche Bank from Hold to Buy
- Eni SpA (E) upgraded by Deutsche Bank from Hold to Buy
- Seattle Genetics (SGEN) upgraded by UBS from Neutral to Buy
- Apollo Investment (AINV) upgraded by SunTrust from Neutral to Buy
- American Express (AXP) upgraded by Guggenheim from Neutral to Buy
- CARBO Ceramics (CRR) upgraded by Guggenheim from Sell to Neutral
- Access Midstream (ACMP) upgraded by Ladenburg from Neutral to Buy
- Deutsche Bank (DB) upgraded by JPMorgan from Neutral to Overweight
- Illinois Tool Works (ITW) upgraded by Argus from Hold to Buy
- Rentokil (RTKOY) upgraded by Credit Suisse from Neutral to Outperform
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Downgrades
- BP (BP) downgraded by Deutsche Bank from Buy to Hold
- Gigamon (GIMO) downgraded by Goldman from Buy to Neutral
- Gigamon (GIMO) downgraded by Needham from Strong Buy to Buy
- Vectren (VVC) downgraded by KeyBanc from Buy to Hold
- Artisan Partners (APAM) downgraded by Citigroup from Buy to Neutral
- Cummins (CMI) downgraded by Goldman from Conviction Buy to Buy
- Marvell (MRVL) downgraded by Oppenheimer from Perform to Underperform
- Vectren (VVC) downgraded by KeyBanc from Buy to Hold
- Taminco (TAM) downgraded by Citigroup from Buy to Neutral
- Carlyle Group (CG) downgraded by Citigroup from Buy to Neutral
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