Upgrades
- Deutsche Telekom (DTEGY) upgraded by Goldman from Neutral to Conviction Buy
- Synchrony (SYF) upgraded by Nomura from Neutral to Buy
- Boston Beer (SAM) upgraded by Goldman from Sell to Neutral
- Randgold (GOLD) upgraded by Deutsche Bank from Hold to Buy
- LVMH (LVUMY) upgraded by Nomura from Neutral to Buy
- GlaxoSmithKline (GSK) upgraded by Credit Suisse from Underperform to Neutral
- The Fresh Market (TFM) upgraded by Credit Suisse from Underperform to Neutral
- Aimco (AIV) upgraded by Raymond James from Outperform to Strong Buy
- Etsy (ETSY) upgraded by Wedbush from Underperform to Neutral
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Downgrades
- Gazprom (OGZPY) downgraded by HSBC from Hold to Reduce
- Cummins (CMI) downgraded by UBS from Buy to Neutral
- PACCAR (PCAR) downgraded by UBS from Buy to Neutral
- Progressive Waste (BIN) downgraded by Stifel from Buy to Hold
- WhiteWave (WWAV) downgraded by Goldman from Neutral to Sell
- Enphase Energy (ENPH) downgraded by Deutsche Bank from Hold to Sell
- Primerica (PRI) downgraded by Raymond James from Strong Buy to Outperform
- Carrizo Oil & Gas (CRZO) downgraded by KLR Group from Buy to Accumulate
- Tenaris (TS) downgraded by Citi from Buy to Neutral
- Parker-Hannifin (PH) downgraded by Citi from Buy to Neutral
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