Upgrades
- Dermira (DERM) upgraded by Citi from Neutral to Buy
- Microsoft (MSFT) upgraded by Goldman from Sell to Neutral
- Columbia Sportswear (COLM) upgraded by Stifel from Hold to Buy
- Williams (WMB) upgraded by Jefferies from Hold to Buy
- Columbia Pipeline Partners (CPPL) upgraded by Goldman from Neutral to Buy
- DuPont (DD) upgraded by BofA/Merrill from Neutral to Buy
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Downgrades
- Fossil (FOSL) downgraded by Goldman from Neutral to Sell
- Denbury Resources (DNR) downgraded by Stifel from Hold to Sell
- Synergy Pharmaceuticals (SGYP) downgraded by Citi from Buy to Neutral
- Charles Schwab (SCHW) downgraded by Piper Jaffray from Overweight to Neutral
- Investors Real Estate (IRAT) downgraded by Wunderlich from Buy to Hold
- Ultra Petroleum (UPL) downgraded by Stifel from Hold to Sell
- Texas Instruments (TXN) downgraded by Bernstein from Outperform to Market Perform
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