Upgrades
- Altice (ATCEY) upgraded by Deutsche Bank from Hold to Buy
- Bancolombia (CIB) upgraded by HSBC from Hold to Buy
- Blackbaud (BLKB) upgraded by B. Riley from Neutral to Buy
- CEVA (CEVA) upgraded by Wunderlich from Hold to Buy
- C.H. Robinson (CHRW) upgraded by Stifel from Hold to Buy
- Universal Truckload (UACL) upgraded by Stifel from Hold to Buy
- Landstar System (LSTR) upgraded by Stifel from Hold to Buy
- Textron (TXT) upgraded by JPMorgan from Neutral to Overweight
- Northrop Grumman (NOC) upgraded by JPMorgan from Neutral to Overweight
- Boyd Gaming (BYD) upgraded by Deutsche Bank from Hold to Buy
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Downgrades
- BT Group (BT) downgraded by Deutsche Bank from Hold to Sell
- Zurich Insurance (ZURVY) downgraded by Jefferies from Buy to Hold
- Anglo American (AAUKY) downgraded by Deutsche Bank from Buy to Hold
- Heartland Payment (HPY) downgraded by SunTrust from Buy to Neutral
- Kennametal (KMT) downgraded by Longbow from Neutral to Underperform
- Liberty Property (LPT) downgraded by Stifel from Hold to Sell
- RPX Corp. (RPXC) downgraded by Baird from Outperform to Neutral
- General Dynamics (GD) downgraded by JPMorgan from Overweight to Neutral
- Carlyle Group (CG) downgraded by Deutsche Bank from Buy to Hold
- Lonmin (LNMIY) downgraded by Deutsche Bank from Buy to Sell
- Norsk Hydro (NHYDY) downgraded by Deutsche Bank from Buy to Hold
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