Upgrades
- Tallgrass Energy GP (TEGP) upgraded by Stifel from Hold to Buy
- CIRCOR (CIR) upgraded by Stifel from Hold to Buy
- Colgate-Palmolive (CL) upgraded by Goldman from Sell to Neutral
- L-3 Communications (LLL) upgraded by Goldman from Neutral to Buy
- Kirby (KEX) upgraded by BB&T from Hold to Buy
- Vale (VALE) upgraded by BB&T from Hold to Buy
- First Industrial Realty (FR) upgraded by BofA/Merrill from Underperform to Neutral
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Downgrades
- Parkway Properties (PKY) downgraded by Mizuho from Buy to Neutral
- ArcBest (ARCB) downgraded by Stifel from Buy to Hold
- Eni SpA (E) downgraded by Societe Generale to Hold from Buy
- Arrow Electronics (ARW) downgraded by Citi from Buy to Sell
- Avnet (AVT) downgraded by Citi from Buy to Sell
- SYNNEX (SNX) downgraded by Citi from Buy to Neutral
- Tech Data (TECD) downgraded by Citi from Neutral to Sell
- United Technologies (UTX) downgraded by Goldman from Buy to Neutral
- Quaker Chemical (KWR) downgraded by Seaport Global from Accumulate to Neutral
- Time Warner (TWX) downgraded by Pacific Crest from Overweight to Sector Weight
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