Upgrades
- Tim Participacoes (TSU) upgraded by JPMorgan from Neutral to Overweight
- Lexington Realty (LXP) upgraded by Evercore ISI from In Line to Outperform
- Federated Investors (FII) upgraded by JPMorgan from Underweight to Neutral
- Chipotle (CMG) upgraded by Argus from Hold to Buy
- AK Steel (AKS) upgraded by Clarksons Platou from Neutral to Buy
- MetLife (MET) upgraded by FBR Capital by FBR Capital to Outperform
- NetApp (NTAP) upgraded by FBR Capital from Underperform to Neutral
- Alexion (ALXN) upgraded by Morgan Stanley from Equal Weight to Overweight
- Statoil (STO) upgraded by BMO Capital from Market Perform to Outperform
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Downgrades
- Suez (SZEVY) downgraded by Goldman Sachs from Buy to Neutral
- Intesa Sanpaolo (ISNPY) downgraded by Jefferies from Buy to Hold
- Etsy (ETSY) downgraded by Citi from Buy to Neutral
- Hortonworks (HDP) downgraded by Mizuho from Buy to Neutral
- PayPal (PYPL) downgraded by Stifel from Buy to Hold
- Diageo (DEO) downgraded by Citi from Buy to Neutral
- Ameren (AEE) downgraded by Barclays from Overweight to Equal Weight
- Maximus (MMS) downgraded by KeyBanc from Overweight to Sector Weight
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