Upgrades
- Fresenius Medical (FMS) upgraded by UBS from Neutral to Buy
- Mueller Water (MWA) upgraded by Brean Capital from Hold to Buy
- Himax (HIMX) upgraded by BofA/Merrill from Neutral to Buy
- Kite Realty Trust (KRG) upgraded by Raymond James from Outperform to Strong Buy
- U.S. Cellular (USM) upgraded by Raymond James from Outperform to Strong Buy
- Telephone and Data (TDS) upgraded by Raymond James from Outperform to Strong Buy
- CTI BioPharma (CTIC) upgraded by WallachBeth from Hold to Buy
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Downgrades
- Iliad (ILIAF) downgraded by UBS from Buy to Neutral
- Ocwen Financial (OCN) downgraded by Compass Point from Buy to Neutral
- ITT Educational (ESI) downgraded by BofA/Merrill from Neutral to Underperform
- RetailMeNot (SALE) downgraded by RBC Capital from Outperform to Sector Perform
- Hawaiian Telcom (HCOM) downgraded by Stephens from Overweight to Equal Weight
- Tenet (THC) upgraded by Susquehanna from Negative to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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