Upgrades
- Kinder Morgan (KMI) upgraded by Credit Suisse from Neutral to Outperform
- MAA (MAA) upgraded by Jefferies from Hold to Buy
- Ventas (VTR) upgraded by Jefferies from Hold to Buy
- FMC Technologies (FTI) upgraded by UBS from Neutral to Buy
- Morgan Stanley (MS) upgraded by Guggenheim from Neutral to Buy
- Kinder Morgan (KMI) upgraded by Stifel from Hold to Buy
- American Express (AXP) upgraded by BofA/Merrill from Underperform to Neutral
- Banc of California (BANC) upgraded by DA Davidson from Neutral to Buy
- Goldman Sachs (GS) upgraded by Guggenheim from Neutral to Buy
- Universal Forest (UFPI) upgraded by DA Davidson from Neutral to Buy
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Downgrades
- Willis Towers Watson (WLTW) downgraded by Deutsche Bank from Hold to Sell
- Subsea 7 (SUBCY) downgraded by Jefferies from Buy to Hold
- Mediaset (MDIUY) downgraded by Jefferies from Buy to Hold
- Senior Housing (SNH) downgraded by Jefferies from Buy to Hold
- Bladex (BLX) downgraded by JPMorgan from Overweight to Neutral
- AB InBev (BUD) downgraded by Societe Generale from Buy to Hold
- Assurant (AIZ) downgraded by BofA/Merrill from Buy to Neutral
- Select Comfort (SCSS) downgraded by BofA/Merrill from Neutral to Underperform
- Cabot Oil & Gas (COG) downgraded by SunTrust from Buy to Hold
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