Upgrades
- BAE Systems (BAESY) upgraded by Berenberg from Hold to Buy
- Unilever (UN,UL) upgraded by Jefferies from Underperform to Hold
- BHP Billiton (BHP) upgraded by Citi from Neutral to Buy
- Rio Tinto (RIO) upgraded by Citi from Neutral to Buy
- Tortoise Energy (TYG) upgraded by BofA/Merrill from Neutral to Buy
- Clearbrdige Energy MLP (CEM) upgraded by BofA/Merrill from Neutral to Buy
- IntercontinentalExchange (ICE) upgraded by Deutsche Bank from Hold to Buy
- Superior Energy (SPN) upgraded by Jefferies from Hold to Buy
- Weatherford (WFT) upgraded by Jefferies from Hold to Buy
- Heineken (HEINY) upgraded by Citi from Neutral to Buy
- Fabrinet (FN) upgraded by Needham from Hold to Buy
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Downgrades
- Gap (GPS) downgraded by UBS from Buy to Neutral
- Aquinox (AQXP) downgraded by Jefferies from Buy to Hold
- Ameriprise (AMP) downgraded by Goldman from Buy to Neutral
- Virtus Investment (VRTS) downgraded by Goldman from Neutral to Sell
- Diamond Offshore (DO) downgraded by Clarkson Capital from Hold to Sell
- Transocean (RIG) downgraded by Clarkson Capital from Hold to Sell
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Upgrades & Downgrades provided by Theflyonthewall.com 
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