Upgrades
- Raytheon (RTN) upgraded by Stifel from Hold to Buy
- Lockheed Martin (LMT) upgraded by Stifel from Hold to Buy
- NuVasive (NUVA) upgraded by Brean Capital from Hold to Buy
- Seventy Seven Energy (SSE) upgraded by Jefferies from Hold to Buy
- Teekay (TK) upgraded by Deutsche Bank from Hold to Buy
- Flagstar Bancorp (FBC) upgraded by BTIG from Sell to Neutral
- Alcoa (AA) upgraded by BofA/Merrill from Neutral to Buy
- Century Aluminum (CENX) upgraded by BofA/Merrill from Neutral to Buy
- Toyota (TM) upgraded by JPMorgan from Neutral to Overweight
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Downgrades
- Endocyte (ECYT) downgraded by Brean Capital from Buy to Hold
- Einstein Noah (BAGL) downgraded by Jefferies from Buy to Hold
- Athlon Energy (ATHL,ECA) downgraded by Canaccord from Buy to Hold
- Athlon Energy (ATHL,ECA) downgraded by UBS from Buy to Neutral
- Kellogg (K) downgraded by Morgan Stanley from Equal Weight to Underweight
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Upgrades & Downgrades provided by Theflyonthewall.com 
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