Upgrades
- Boyd Gaming (BYD) upgraded by Goldman from Sell to Neutral
- FirstEnergy (FE) upgraded by Guggenheim from Neutral to Buy
- Costco (COST) upgraded by Deutsche Bank from Hold to Buy
- Hilton (HLT) upgraded by Macquarie from Neutral to Outperform
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Downgrades
- Associated British Foods (ASBFY) downgraded by Goldman from Buy to Sell
- Delta Lloyd (DLLLY) downgraded by Credit Suisse from Outperform to Neutral
- American Campus (ACC) downgraded by Goldman from Neutral to Sell
- Education Realty (EDR) downgraded by Goldman from Neutral to Sell
- Unum Group (UNM) downgraded by BofA/Merrill from Buy to Neutral
- Travelers (TRV) downgraded by BofA/Merrill from Buy to Neutral
- Verint (VRNT) downgraded by Credit Suisse from Outperform to Neutral
- Zafgen (ZFGN) downgraded by SunTrust from Buy to Neutral
- Mattson (MTSN) downgraded by B. Riley from Buy to Neutral
- PerkinElmer (PKI) downgraded by Wedbush from Outperform to Neutral
- Kinder Morgan (KMI) downgraded by Argus from Buy to Hold
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