Upgrades
- Barclays (BCS) upgraded by Deutsche Bank from Hold to Buy
- TD Ameritrade (AMTD) upgraded by Nomura from Neutral to Buy
- Vectren (VVC) upgraded by Guggenheim from Neutral to Buy
- NiSource (NI) upgraded by Guggenheim from Neutral to Buy
- Dr Pepper Snapple (DPS) upgraded by Goldman from Sell to Neutral
- Kite Realty Group (KRG) upgraded by Raymond James from Outperform to Strong Buy
- Raymond James (RJF) upgraded by Nomura from Neutral to Buy
- Melco Crown (MPEL) upgraded by BofA/Merrill from Neutral to Buy
- Viacom (VIAB) upgraded by Guggenheim from Neutral to Buy
- American Express (AXP) upgraded by BofA/Merrill from Neutral to Buy
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Downgrades
- Nautilus (NLS) downgraded by DA Davidson from Buy to Neutral
- Aspen Insurance (AHL) downgraded by UBS from Buy to Neutral
- AXIS Capital (AXS) downgraded by UBS from Neutral to Sell
- Boston Properties (BXP) downgraded by Deutsche Bank from Buy to Hold
- Digital Realty (DLR) downgraded by Deutsche Bank from Buy to Hold
- Retail Properties of America (RPAI) downgraded by Deutsche Bank from Buy to Hold
- Liberty Media (LMCA) downgraded by Citi from Buy to Neutral
- VMware (VMW) downgraded by UBS from Buy to Neutral
- Philip Morris (PM) downgraded by Goldman from Conviction Buy to Buy
- American Electric (AEP) downgraded by Guggenheim from Buy to Neutral
- DTE Energy (DTE) downgraded by UBS from Buy to Neutral
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