Upgrades
- Manitowoc (MTW) upgraded by Stifel from Hold to Buy
- Pennsylvania REIT (PEI) upgraded by Stifel from Hold to Buy
- ArcelorMittal (MT) upgraded by Jefferies from Hold to Buy
- LegacyTexas Financial (LTXB) upgraded by Raymond James from Outperform to Strong Buy
- Vodafone (VOD) upgraded by BofA/Merrill from Neutral to Buy
- Sucampo (SCMP) upgraded by Mizuho from Neutral to Buy
- Kansas City Southern (KSU) upgraded by BofA/Merrill from Underperform to Buy
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Downgrades
- Burberry (BURBY) downgraded by Goldman from Buy to Neutral
- Badger Meter (BMI) downgraded by Baird from Outperform to Neutral
- Remy Cointreau (REMYF) downgraded by Societe Generale from Buy to Hold
- L’Oreal (LRLCY) downgraded by Societe Generale from Buy to Hold
- BT Group (BT) downgraded by Jefferies from Buy to Hold
- Spirit Airlines (SAVE) downgraded by JPMorgan from Overweight to Neutral
- Brinker (EAT) downgraded by BTIG from Buy to Neutral
- Northern Trust (NTRS) downgraded by Citi from Neutral to Sell
- Spirit AeroSystems (SPR) downgraded by BofA/Merrill from Buy to Neutral
- Hershey (HSY) downgraded by BofA/Merrill from Buy to Underperform
- Advanced Energy (AEIS) downgraded by BofA/Merril from Buy to Neutral
- Melco Crown (MPEL) downgraded by HSBC from Buy to Hold
- Suncor (SU) downgraded by Citi from Buy to Neutral
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