Upgrades
- Commerzbank (CRZBY) upgraded by Deutsche Bank from Hold to Buy
- Philip Morris (PM) upgraded by Goldman from Sell to Neutral
- Alibaba (BABA) upgraded by Goldman from Neutral to Buy
- Forest City (FCE.A) upgraded by Citigroup from Neutral to Buy
- Choice Hotels (CHH) upgraded by BofA/Merrill from Underperform to Buy
- Aerie Pharmaceuticals (AERI) upgraded by Cantor from Hold to Buy
- Coach (COH) upgraded by HSBC from Hold to Buy
- Nokia (NOK) upgraded by UBS from Neutral to Buy
- Ericsson (ERIC) upgraded by UBS from Neutral to Buy
- Ericsson (ERIC) upgraded by BofA/Merrill from Neutral to Buy
- Rayonier (RYN) upgraded by DA Davidson from Neutral to Buy
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Downgrades
- Copa Holdings (CPA) downgraded by BofA/Merrill from Buy to Neutral
- Teradata (TDC) downgraded by Summit Research from Buy to Hold
- Fluidigm (FLDM) downgraded by Mizuho from Buy to Neutral
- Micrel (MCRL) downgraded by Stifel from Buy to Hold
- Magnum Hunter (MHR) downgraded by Citigroup from Buy to Neutral
- Monster Beverage (MNST) downgraded by Goldmanfrom Conviction Buy to Neutral
- Quality Distribution (QLTY) downgraded by Stifel from Buy to Hold
- Ubiquiti Networks (UBNT) downgraded by SunTrust from Buy to Neutral
- Green Dot (GDOT) downgraded by Compass Point from Buy to Neutral
- Natural Gas Services (NGS) downgraded by CL King from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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