Upgrades
- Cathay Pacific (CPCAY) upgraded by Goldman from Sell to Neutral
- CyrusOne (CONE) upgraded by Stifel from Hold to Buy
- MGIC Investment (MTG) upgraded by Goldman from Buy to Conviction Buy
- Pinnacle Foods (PF) upgraded by Deutsche Bank from Hold to Buy
- Phillips 66 (PSX) upgraded by Credit Suisse from Neutral to Outperform
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Downgrades
- China Eastern Airlines (CEA) downgraded by Goldman from Conviction Buy to Neutral
- Air China (AIRYY) downgraded by Goldman from Neutral to Sell
- China Southern Airlines (ZNH) downgraded by Goldman from Buy to Neutral
- Joe’s Jeans (JOEZ) downgraded by B. Riley from Buy to Neutral
- Wet Seal (WTSL) downgraded by B. Riley from Buy to Neutral
- Marriott (MAR) downgraded by UBS from Buy to Neutral
- Starwood (HOT) downgraded by UBS from Buy to Neutral
- TubeMogul (TUBE) downgraded by Citigroup from Buy to Neutral
- Denbury Resources (DNR) downgraded by Sterne Agee from Buy to Neutral
- Office Depot (ODP) downgraded by Goldman from Buy to Neutral
- Procter & Gamble (PG) downgraded by Canaccord from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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