Upgrades
- AkzoNobel (AKZOY) upgraded by Nomura from Neutral to Buy
- Sibanye Gold (SBGL) upgraded by UBS from Sell to Neutral
- Cloud Peak (CLD) upgraded by Brean Capital from Hold to Buy
- Magellan Midstream (MMP) upgraded by Ladenburg from Neutral to Buy
- Bank of the Ozarks (OZRK) upgraded by Wunderlich from Hold to Buy
- Targa Resources (TRGP) upgraded by UBS from Neutral to Buy
- Time Warner (TWX) upgraded by BofA/Merrill from Neutral to Buy
- Danske Bank (DNSKY) upgraded by Societe Generale from Sell to Hold
- Antofagasta (ANFGY) upgraded by UBS from Sell to Neutral
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Downgrades
- Seadrill (SDRL) downgraded by Nomura from Neutral to Reduce
- DSM (RDSMY) downgraded by Nomura from Buy to Neutral
- lululemon (LULU) downgraded by Macquarie from Neutral to Underperform
- Nordstrom (JWN) downgraded by Macquarie from Outperform to Neutral
- Netflix (NFLX) downgraded by CRT Capital from Buy to Fair Value
- Norfolk Southern (NSC) downgraded by Credit Suisse from Outperform to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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