Upgrades
- Ford (F) upgraded by Goldman from Neutral to Buy
- Royal Caribbean (RCL) upgraded by Goldman from Neutral to Buy
- Volvo (VOLVY) upgraded by Goldman from Neutral to Buy
- Swatch Group (SWGAY) upgraded by Societe Generale from Sell to Hold
- Royal Dutch Shell (RDS.A) upgraded by Deutsche Bank from Hold to Buy
- J Sainsbury (JSAIY) upgraded by Societe Generale from Hold to Buy
- Ahold (AHONY) upgraded by ING Group from Hold to Buy
- Comerica (CMA) upgraded by BofA/Merrill from Neutral to Buy
- Merge Healthcare (MRGE) upgraded by Topeka from Hold to Buy
- Electronic Arts (EA) upgraded by Jefferies from Hold to Buy
- Take-Two (TTWO) upgraded by Jefferies from Hold to Buy
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Downgrades
- General Motors (GM) downgraded by Goldman from Buy to Neutral
- Autoliv (ALV) downgraded by Goldman from Neutral to Sell
- Catamaran (CTRX) downgraded by UBS from Buy to Neutral
- Citi (C) downgraded by Deutsche Bank from Buy to Hold
- Goldman Sachs (GX) downgraded by Deutsche Bank from Buy to Hold
- Independent Bank (INDB) downgraded by Baird from Underperform to Neutral
- Fortinet (FTNT) downgraded by Baird to Outperform from Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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