Upgrades
- Lonmin (LNMIY) upgraded by Goldman from Sell to Neutral
- Iberdrola (IBDRY) upgraded by Societe Generale from Hold to Buy
- Liberty Global (LBTYA) upgraded by Goldman from Buy to Conviction Buy
- Avis Budget (CAR) upgraded by Deutsche Bank from Hold to Buy
- Hertz (HTZ) upgraded by Deutsche Bank from Hold to Buy
- Primerica (PRI) upgraded by Raymond James from Market Perform to Strong Buy
- Centene (CNC) upgraded by Jefferies from Hold to Buy
- Western Digital (WDC) upgraded by Craig-Hallum from Hold to Buy
- Seagate (STX) upgraded by Craig-Hallum from Hold to Buy
- Entegris (ENTG) upgraded by Craig-Hallum from Hold to Buy
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Downgrades
- Vodafone (VOD) downgraded by Goldman from Buy to Neutral
- Telecom Italia (TI) downgraded by Goldman from Conviction Buy to Buy
- Lincoln National (LNC) downgraded from Strong Buy to Outperform
- Cincinnati Financial (CINF) downgraded by Deutsche Bank from Hold to Sell
- Receptos (RCPT) downgraded by Nomura from Buy to Neutral
- SINA (SINA) downgraded by Deutsche Bank from Buy to Hold
- Health Net (HNT) downgraded by Jefferies from Buy to Hold
- LPL Financial (LPLA) downgraded by Susquehanna from Neutral to Negative
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