Upgrades
- Fresenius Medical (FMS) upgraded by Goldman from Neutral to Buy
- SPX Corp. (SPW) upgraded by Deutsche Bank from Sell to Hold
- Xylem (XYL) upgraded by Stifel from Hold to Buy
- SouFun (SFUN) upgraded by CLSA from Outperform to Buy
- Schlumberger (SLB) upgraded by Citi from Neutral to Buy
- Cameron (CAM) upgraded by Citi from Neutral to Buy
- Illinois Tool Works (ITW) upgraded by Goldman from Neutral to Buy
- Halliburton (HAL) upgraded by HSBC from Hold to Buy
- Level 3 (LVLT) upgraded by Macquarie from Neutral to Outperform
- eBay (EBAY) upgraded by Piper Jaffray from Underweight to Neutral
- Nordea (NRBAY) upgraded by Deutsche Bank from Hold to Buy
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Downgrades
- Turkcell (TKC) downgraded by BofA/Merrill from Buy to Neutral
- Emerson Electric (EMR) downgraded by Goldman from Neutral to Sell
- Pacific Drilling (PACD) downgraded by Credit Suisse from Outperform to Neutral
- Seadrill (SDRL) downgraded by Credit Suisse from Neutral to Underperform
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Upgrades & Downgrades provided by Theflyonthewall.com 
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