Upgrades
- Garmin (GRMN) upgraded by Goldman from Neutral to Buy
- Alcoa (AA) upgraded by Deutsche Bank from Hold to Buy
- ARAMARK (ARMK) upgraded by Goldman from Neutral to Buy
- Accuride (ACW) upgraded by B. Riley from Neutral to Buy
- Acuity Brands (AYI) upgraded by Goldman from Buy to Conviction Buy
- DineEquity (DIN) upgraded by Longbow from Neutral to Buy
- ONEOK (OKE) upgraded by Goldman from Neutral to Buy
- Flowserve (FLS) upgraded by Stifel from Hold to Buy
- Oceaneering (OII) upgraded by Goldman from Buy to Conviction Buy
- Rackspace (RAX) upgraded by BofA/Merrill from Neutral to Buy
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Downgrades
- Diana Shipping (DSX) downgraded by Deutsche Bank from Buy to Hold
- Scorpio Bulkers (SALT) downgraded by Deutsche Bank from Buy to Hold
- Parsley Energy (PE) downgraded by Goldman from Neutral to Sell
- Laredo Petroleum (LPI) downgraded by Goldman from Neutral to Sell
- Continental Resources (CLR) downgraded by Goldman from Buy to Neutral
- Concho Resources (CXO) downgraded by Stifel from Buy to Hold
- Goodrich Petroleum (GDP) downgraded by Stifel from Buy to Hold
- Halliburton (HAL) downgraded by Goldman from Conviction Buy to Buy
- Diamond Offshore (DO) downgraded by Goldman from Neutral to Sell
- Ventas (VTR) downgraded by UBS from Buy to Neutral
- CommScope (COMM) downgraded by BofA/Merril from Buy to Underperform
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