Upgrades
- Kingfisher (KGFHY) upgraded by Societe Generale from Sell to Hold
- El Paso Electric (EE) upgraded by Jefferies from Underperform to Hold
- Vale (VALE) upgraded by BofA/Merrill from Neutral to Buy
- Buffalo Wild Wings (BWLD) upgraded by Goldman from Buy to Conviction Buy
- HeartWare (HTWR) upgraded by BofA/Merrill from Neutral to Buy
- Vera Bradley (VRA) upgraded by Wunderlich from Hold to Buy
- Philip Morris (PM) upgraded by BofA/Merrill from Neutral to Buy
- Modine Manufacturing (MOD) upgraded by Seaport Global from Neutral to Buy
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Downgrades
- Ventas (VTR) downgraded by Goldman from Buy to Neutral
- General Dynamics (GD) downgraded by Deutsche Bank from Buy to Hold
- HSBC (HSBC) downgraded by BofA/Merrill from Neutral to Underperform
- Lannett (LCI) downgraded by Canaccord from Buy to Sell
- SanDisk (SNDK) downgraded by Susquehanna from Positive to Neutral
- Petrobras (PBR) downgraded by Deutsche Bank from Hold to Sell
- Altria Group (MO) downgraded by BofA/Merrill from Buy to Neutral
- Lannett (LCI) downgraded by Canaccord from Buy to Sell
- Methanex (MEOH) downgraded by TD Securities from Buy to Hold
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