Upgrades
- XL Group (XL) upgraded by UBS from Neutral to Buy
- Crown Castle (CCI) upgraded by Evercore ISI from Hold to Buy
- FirstEnergy (FE) upgraded by BofA/Merrill from Neutral to Buy
- Demandware (DWRE) upgraded by Goldman from Buy to Conviction Buy
- Verifone (PAY) upgraded by Stifel from Hold to Buy
- Ctrip.com (CTRP) upgraded by Piper Jaffray from Neutral to Overweight
- Carnival (CCL) upgraded by Wells Fargo from Market Perform to Outperform
- Splunk (SPLK) upgraded by Piper Jaffray from Neutral to Overweight
- JPMorgan (JPM) upgraded by Bernstein from Market Perform to Outperform
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Downgrades
- Woodward (WWD) downgraded by Jefferies from Buy to Hold
- Catamaran (CTRX,UNH) downgraded by Jefferies from Buy to Hold
- Evercore Partners (EVR) downgraded by UBS from Buy to Neutral
- Ubiquiti Networks (UBNT) downgraded by BofA/Merrill from Buy to Underperform
- Toyota (TM) downgraded by UBS from Buy to Neutral
- Charles River Labs (CRL) downgraded by Wells Fargo from Market Perform to Underperform
- Lufthansa (DLAKY) downgraded by JPMorgan from Neutral to Underweight
- Air France-KLM (AFLYY) downgraded by JPMorgan from Overweight to Underweight
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Upgrades & Downgrades provided by Theflyonthewall.com 
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