Upgrades
- Liberty Property (LRY) upgraded by Stifel from Hold to Buy
- Legacy Reserves (LGCY) upgraded by Stifel from Sell to Hold
- Diageo (DEO) upgraded by HSBC from Hold to Buy
- Philips (PHG) upgraded by HSBC from Hold to Buy
- Proteon Therapeutics (PRTO) upgraded by Raymond James from Outperform to Strong Buy
- Liberty Property (LPT) upgraded by Stifel from Hold to Buy
- Masco (MAS) upgraded by MKM Partners from Neutral to Buy
- Steel Dynamics (STLD) upgraded by BofA/Merrill from Neutral to Buy
- Great Plains Energy (GXP) upgraded by Ladenburg from Neutral to Buy
- Martin Marietta (MLM) upgraded by SunTrust from Hold to Buy
- Vulcan Materials (VMC) upgraded by SunTrust from Hold to Buy
- AK Steel (AKS) upgraded by BofA/Merrill from Underperform to Buy
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Downgrades
- Boise Cascade (BCC) downgraded by Goldman from Buy to Neutral
- Merchant Bancshares (MBVT) downgraded by Sandler O’Neill from Buy to Hold
- Wabtec (WAB) downgraded by Longbow from Buy to Neutral
- Under Armour (UA) downgraded by Deutsche Bank from Buy to Hold
- General Motors (GM) downgraded by BofA/Merrill from Buy to Neutral
- Tanger Factory (SKT) downgraded by Goldman from Buy to Neutral
- Greenbrier (GBX) downgraded by BofA/Merrill from Buy to Neutral
- Lowe’s (LOW) downgraded by Wedbush from Outperform to Neutral
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