Upgrades
- Nokia (NOK) upgraded by Natixis from Reduce to Neutral
- ASML (ASML) upgraded by Citigroup from Neutral to Buy
- Valeo (VLEEY) upgraded by Goldman from Neutral to Buy
- Daimler AG (DDAIF) upgraded by Goldman from Buy to Conviction Buy
- VMware (VMW) upgraded by Summit Research from Hold to Buy
- Lowe’s (LOW) upgraded by Piper Jaffray from Neutral to Overweight
- Panera Bread (PNRA) upgraded by Raymond James from Underperform to Market Perform
- GKN PLC (GKNLY) upgraded by Goldman from Sell to Neutral
- Intel (INTC) upgraded by Bernstein from Underperform to Market Perform
- Nokia (NOK) upgraded by Morgan Stanley from Equal Weight to Overweight
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Downgrades
- BAE Systems (BAESY) downgraded to Neutral from Buy by UBS
- Meggitt (MEGGF) downgraded to Sell from Neutral by UBS
- Alcatel-Lucent (ALU) downgraded to Neutral from Buy by Citigroup
- Alcatel-Lucent (ALU) downgraded to Neutral from Buy by Natixis
- Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy by Goldman
- Nokia (NOK,ALU) downgraded to Neutral from Buy by Citigroup
- Anglo American (AAUKY) downgraded to Sell from Neutral by Goldman
- BHP Billiton (BHP) downgraded to Neutral from Conviction Buy by Goldman
- CoreSite Realty (COR) downgraded to Hold from Buy by Evercore ISI
- Black Diamond (BDE) downgraded to Hold from Buy by Stifel
- SanDisk (SNDK) downgraded to Hold from Buy by Deutsche Bank
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