Upgrades
- Sherwin-Williams (SHW) upgraded by Longbow from Neutral to Buy
- Monster Beverage (MNST) upgraded by Goldman from Buy to Conviction Buy
- Kraft Heinz (KHC) upgraded by Goldman from Buy to Conviction Buy
- Rite Aid (RAD) upgraded by Credit Suisse from Neutral to Outperform
- Kellogg (K) upgraded by Goldman from Sell to Neutral
- Legg Mason (LM) upgraded by Credit Suisse from Neutral to Outperform
- Mead Johnson (MJN) upgraded by Credit Suisse from Neutral to Outperform
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Downgrades
- Reynolds American (RAI) downgraded by Goldman from Conviction Buy to Buy
- Valeant (VRX) downgraded by Nomura from Buy to Neutral
- Estee Lauder (EL) downgraded by Goldman from Buy to Neutral
- FactSet (FDS) downgraded by Stifel from Buy to Hold
- Energy Focus (EFOI) downgraded by Canaccord from Buy to Hold
- LinkedIn (LNKD) downgraded by Morgan Stanley from Overweight to Equal Weight
- HCP (HCP) downgraded by UBS from Buy to Neutral
- MTN Group (MTNOY) downgraded by Goldman from Neutral to Sell
- Chipotle (CMG) downgraded by Maxim from Hold to Sell
- Achaogen (AKAO) downgraded by Needham from Buy to Hold
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