Upgrades
- NCR Corp. (NCR) upgraded by Goldman from Sell to Neutral
- Royal Dutch Shell (RDS.A) upgraded by UBS from Neutral to Buy
- Reliance Steel (RS) upgraded by Jefferies from Hold to Buy
- Brandywine Realty (BDN) upgraded by Stifel from Hold to Buy
- Invacare (IVC) upgraded by KeyBanc from Hold to Buy
- Maxim Integrated (MXIM) upgraded by Deutsche Bank to Buy
- Halliburton (HAL) upgraded to Buy from Neutral from Hold by Citigroup
- Diamond Offshore (DO) upgraded by ISI Group from Sell to Hold
- Weatherford (WFT) upgraded by Citigroup from Neutral to Buy
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Downgrades
- QIWI (QIWI) downgraded by Goldman from Buy to Sell
- Colfax (CFX) downgraded by Goldman from Buy to Neutral
- China Unicom (CHU) downgraded by Jefferies from Buy to Hold
- Safe Bulkers (SBU) downgraded by Evercore from Buy to Hold
- Gartner (IT) downgraded by Stifel from Buy to Hold
- Abercrombie & Fitch (ANF) downgraded by Goldman from Neutral to Sell
- Hub Group (HUBG) downgraded by Longbow from Buy to Neutral
- Amazon.com (AMZN) downgraded by Janney Capital from Buy to Neutral
- Health Net (HNT) downgraded by Citigroup from Buy to Sell
- Alaska Air (ALK) downgraded by Buckingham from Buy to Neutral
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