Upgrades
- Deckers Brands (DECK) upgraded by Buckingham to Buy from Neutral
- Scorpio Bulkers (SALT) upgraded by Evercore ISI from Hold to Buy
- Volvo (VOLVY) upgraded by Jefferies from Hold to Buy
- Burlington Stores (BURL) upgraded by Credit Suisse from Neutral to Outperform
- Nordstrom (JWN) upgraded by Credit Suisse from Neutral to Outperform
- New Oriental Education (EDU) upgraded by JPMorgan from Neutral to Overweight
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Downgrades
- Alcobra (ADHD) downgraded by Jefferies from Buy to Hold
- Dynegy (DYN) downgraded by UBS from Neutral to Sell
- VWR (VWR) downgraded by Deutsche Bank from Buy to Hold
- DCP Midstream (DPM) downgraded by Citi from Buy to Neutral
- InterContinental (IHG) downgraded by HSBC from Buy to Hold
- Reynolds American (RAI) downgraded by Citi from Buy to Neutral
- LVMH (LVMUY) downgraded by Raymond James from Strong Buy to Outperform
- Wells Fargo (WFC) downgraded by Argus from Buy to Hold
- J.C. Penney (JCP) downgraded by Credit Suisse from Neutral to Underperform
- Tiffany (TIF) downgraded by Atlantic Equities from Overweight to Neutral
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