Upgrades
- Philips (PHG) upgraded by Goldman from Buy to Conviction Buy
- Lloyds Banking (LYG) upgraded by Jefferies from Underperform to Hold
- Sky (SKYAY) upgraded by HSBC from Sell to Hold
- SunEdison Semiconductor (SEMI) upgraded by Citigroup from Neutral to Buy
- HP (HPQ) upgraded by Jefferies from Hold to Buy
- American Tower (AMT) upgraded by Raymond James from Outperform to Strong Buy
- Immune Design (IMDZ) upgraded by Jefferies from Hold to Buy
- Staples (SPLS) upgraded by KeyBanc from Sector Weight to Overweight
- Impala Platinum (IMPUY) upgraded by Deutsche Bank from Hold to Buy
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Downgrades
- Fifth Street Finance (FSC) downgraded by UBS from Buy to Neutral
- Medley Capital (MCC) downgraded by UBS from Buy to Neutral
- Norcraft (NCFT) downgraded by UBS from Buy to Neutral
- ON Semiconductor (ONNN) downgraded by Goldman from Neutral to Sell
- Delta Air Lines (DAL) downgraded by Deutsche Bank from Buy to Hold
- American Airlines (AAL) downgraded by Deutsche Bank from Buy to Hold
- Telefonica Brasil (VIV) downgraded by HSBC from Buy to Hold
- United Continental (UAL) downgraded by Deutsche Bank from Buy to Hold
- AMC Networks (AMCX) downgraded by Evercore ISI from Buy to Hold
- Charter (CHTR) downgraded by Wunderlich from Buy to Hold
- Sibanye Gold (SBGL) downgraded by Deutsche Bank from Hold to Sell
- Gold Fields (GFI) downgraded by Deutsche Bank from Hold to Sell
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Upgrades & Downgrades provided by Theflyonthewall.com 
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