Upgrades
- INC Research (INCR) upgraded by Jefferies from Hold to Buy
- Ashford Hospitality Prime (AHP) upgraded by Canaccord from Hold to Buy
- Scientific Games (SGMS) upgraded by Deutsche Bank from Sell to Hold
- American Airlines (AAL) upgraded by Deutsche Bank from Hold to Buy
- Delta Air Lines (DAL) upgraded by Deutsche Bank from Hold to Buy
- Copa Holdings (CPA) upgraded by Deutsche Bank from Hold to Buy
- Repsol (REPYY) upgraded by HSBC from Reduce to Hold
- Royal Dutch Shell (RDS.A) upgraded by HSBC from Hold to Buy
- Cal-Maine Foods (CALM) upgraded by BB&T from Hold to Buy
- BG Group (BRGYY) upgraded by HSBC from Hold to Buy
- Golub Capital (GBDC) upgraded by Cantor from Hold to Buy
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Downgrades
- Gladstone Capital (GLAD) downgraded by Cantor from Buy to Hold
- Apollo Investment (AINV) downgraded by Cantor from Buy to Hold
- Freeport McMoRan (FCX) downgraded by Citi from Buy to Neutral
- Siliconware Precision (SPIL) downgraded by BNP Paribas from Buy to Hold
- CNOOC (CEO) downgraded by HSBC from Hold to Reduce
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Upgrades & Downgrades provided by Theflyonthewall.com 
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