Upgrades
- Estee Lauder (EL) upgraded by Piper Jaffray from Neutral to Overweight
- General Dynamics (GD) upgraded by RBC Capital from Sector Perform to Outperform
- American Water (AWK) upgraded by RW Baird from Neutral to Outperform
- Groupon (GRPN) upgraded by Wunderlich from Hold to Buy
- Swiss Re (SSREY) upgraded by Deutsche Bank from Hold to Buy
- Hawaiian Holdings (HA) upgraded by Imperial Capital from In-Line to Outperform
- Otter Tail (OTTR) upgraded by RW Baird from Neutral to Outperform
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Downgrades
- Munich Re (MURGY) downgraded by Deutsche Bank from Hold to Sell
- Hannover Re (HVRRY) downgraded by Deutsche Bank from Hold to Sell
- DiamondRock (DRH) downgraded by SunTrust from Neutral to Reduce
- Host Hotels (HST) downgraded by SunTrust from Neutral to Reduce
- Sonus (SONS) downgraded by Wunderlich from Buy to Hold
- PCTEL, Inc. (PCTI) downgraded by B. Riley from Buy to Neutral
- Finish Line (FINL) downgraded by B. Riley from Buy to Neutral
- BreitBurn Energy (BBEP) downgraded by UBS from Neutral to Sell
- Informatica (INFA) downgraded by Mizuho from Buy to Neutral
- ING Groep (ING) downgraded by Goldman from Buy to Neutral
- LRR Energy (LRE) downgraded by UBS from Neutral to Sell
- Selective Insurance (SIGI) downgraded by BofA/Merrill from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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