Upgrades
- BNP Paribas (BNPQY) upgraded by Goldman from Neutral to Buy
- VF Corp. (VFC) upgraded by Goldman from Neutral to Buy
- Deere (DE) upgraded by Goldman from Sell to Neutral
- AGCO (AGCO) upgraded by Goldman from Sell to Neutral
- Chesapeake (CHK) upgraded by SunTrust from Neutral to Buy
- First BanCorp (FBP) upgraded by Guggenheim from Neutral to Buy
- Popular (BPOP) upgraded by Guggenheim from Neutral to Buy
- Cigna (CI) upgraded by Sterne Agee CRT from Neutral to Buy
- Anthem (ANTM) upgraded by Sterne Agee CRT from Neutral to Buy
- OFG Bancorp (OFG) upgraded by Guggenheim from Neutral to Buy
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Downgrades
- AkzoNobel (AKZOY) downgraded by Citi from Buy to Neutral
- Natixis (NTXFY) downgraded by Goldman from Neutral to Sell
- Intesa Sanpaolo (ISNPY) downgraded by Goldman from Conviction Buy to Neutral
- Diana Shipping (DSX) downgraded by Evercore ISI from Hold to Sell
- Foresight Energy (FELP) downgraded by Natixis from Buy to Neutral
- SFX Entertainment (SFXE) downgraded by Stifel from Buy to Hold
- Navistar (NAV) downgraded by Goldman from Neutral to Sell
- Terex (TEX) downgraded by Goldman from Neutral to Sell
- Manitowoc (MTW) downgraded by Goldman from Neutral to Sell
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