Upgrades
- Microsoft (MSFT) upgraded by RBC Capital from Sector Perform to Outperform
- Anglo American (AAUKY) upgraded by Deutsche Bank from Hold to Buy
- Antofagasta (ANFGY) upgraded by Deutsche Bank from Sell to Hold
- Terex (TEX) upgraded by Stifel from Hold to Buy
- SYNNEX (SNX) upgraded by Stifel from Hold to Buy
- Athlon Energy (ATHL) upgraded by BofA/Merrill from Neutral to Buy
- Duke Energy (DUK) upgraded by Wells Fargo from Market Perform to Outperform
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Downgrades
- Analogic (ALOG) downgraded by Brean Capital from Buy to Hold
- Zurich Insurance (ZURVY) downgraded by Societe Generale from Buy to Hold
- Bankrate (RATE) downgraded by Topeka from Hold to Sell
- Laredo Petroleum (LPI) downgraded by BofA/Merrill from Buy to Neutral
- Peabody (BTU) downgraded by Nomura from Neutral to Reduce
- Arch Coal (ACI) downgraded by Nomura from Neutral to Reduce
- Accenture (ACN) downgraded by Citigroup from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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