Upgrades
- Hormel Foods (HRL) upgraded by Edward Jones from Hold to Buy
- Statoil (STO) upgraded by BofA/Merrill from Neutral to Buy
- First Potomac (FPO) upgraded by SunTrust from Neutral to Buy
- Comerica (CMA) upgraded by Goldman from Neutral to Conviction Buy
- New Gold (NGD) upgraded by Desjardins from Hold to Buy
- Clorox (CLX) upgraded by Atlantic Equities from Neutral to Overweight
- Progressive (PGR) upgraded by Keefe Bruyette from Underperform to Market Perform
- Wal-Mart (WMT) upgraded by Credit Suisse from Neutral to Outperform
- Micron (MU) upgraded by Baird from Neutral to Outperform
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Downgrades
- Telenor (TELNY) downgraded by Berenberg from Hold to Sell
- McKesson (MCK) downgraded by Goldman from Buy to Neutral
- Cardinal Health (CAH) downgraded by Goldman from Conviction Buy to Neutral
- FTD Companies (FTD) downgraded by B. Riley from Buy to Neutral
- Novavax (NVAX) downgraded by Ladenburg from Buy to Neutral
- Novavax (NVAX) downgraded by Wedbush from Outperform to Neutral
- Novavax (NVAX) downgraded by Citi from Buy to Neutral
- Citi (C) downgraded by Goldman from Buy to Neutral
- McCormick (MKC) downgraded by Bernstein from Outperform to Market Perform
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