Upgrades
- Kayne Anderson (KED) upgraded by Stifel from Hold to Buy
- WGL Holdings (WGL) upgraded by Janney Capital from Neutral to Buy
- Marvell (MRVL) upgraded by Susquehanna from Neutral to Positive
- Nuance (NUAN) upgraded by Raymond James from Outperform to Strong Buy
- Goldman Sachs (GS) upgraded by Macquarie from Neutral to Outperform
- Federated Investors (FII) upgraded by Credit Suisse from Underperform to Neutral
- Alon USA Energy (ALOJ) upgraded by Piper Jaffray from Underweight to Neutral
- CVR Refining (CVRR) upgraded by Piper Jaffray from Underweight to Neutral
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Downgrades
- Ahold Delhaize (ADRNY) downgraded by Deutsche Bank from Buy to Hold
- Swedbank (SWDBY) downgraded by Deutsche Bank from Buy to Hold
- Citi (CITI) downgraded by Macquarie from Outperform to Neutral
- First Solar (FSLR) downgraded by UBS from Neutral to Sell
- Spirit Airlines (SAVE) downgraded by Citi from Buy to Neutral
- Gap (GPS) downgraded by Citi from Neutral to Sell
- IEC Electronics (IEC) downgraded by B. Riley from Buy to Neutral
- Capella Education (CPLA) downgraded by Credit Suisse from Outperform to Neutral
- Papa John’s (PZZA) downgraded by KeyBanc from Overweight to Sector Weight
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