Upgrades
- Valeant (VRX) upgraded by Mizuho from Neutral to Buy
- Cheesecake Factory (CAKE) upgraded by BTIG from Neutral to Buy
- VMware (VMW) upgraded by Drexel Hamilton from Hold to Buy
- Weatherford (WFT) upgraded by Susquehanna from Neutral to Positive
- Phillips 66 Partners (PSXP) upgraded by Credit Suisse from Neutral to Outperform
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Downgrades
- Qunar (QUNR) downgraded by CLSA from Buy to Sell
- Deckers Outdoor (DECK) downgraded by Sterne Agee CRT from Buy to Neutral
- DSW (DSW) downgraded by Sterne Agee CRT from Buy to Neutral
- Crocs (CROX) downgraded by Sterne Agee CRT from Buy to Neutral
- Ashford Hospitality (AHT) downgraded by UBS from Neutral to Sell
- Hi-Crush Partners (HCLP) downgraded by UBS from Buy to Sell
- Kraton Performance (KRA) downgraded by UBS from Neutral to Sell
- Marvell (MRVL) downgraded by UBS from Neutral to Sell
- Memorial Production (MEMP) downgraded by UBS from Buy to Sell
- Vanguard Natural (VNR) downgraded by UBS from Buy to Neutral
- Marvell (MRVL) downgraded by MKM Partners from Buy to Neutral
- Marvell (MRVL) downgraded by B. Riley from Neutral to Sell
- American Capital Agency (AGNC) downgraded by Wunderlich from Buy to Hold
- Broadcom (BRCM) downgraded by B. Riley from Buy to Neutral
- Roadrunner (RRTS) downgraded by BB&T from Buy to Hold
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