Upgrades
- Agco (AGCO) upgraded by Goldman Sachs from Neutral to Conviction Buy
- Lufthansa (DLAKY) upgraded by Deutsche Bank from Hold to Buy
- Air France-KLM (AFLYY) upgraded by Deutsche Bank from Sell to Hold
- Anglo American (NGLOY) upgraded by Deutsche Bank from Sell to Hold
- Mellanox (MLNX) upgraded by Longbow from Neutral to Buy
- CIBC (CM) upgraded by Credit Suisse from Neutral to Outperform
- SK Telecom (SKM) upgraded by Citi from Neutral to Buy
- Vantiv (VNTV) upgraded by Wedbush from Neutral to Outperform
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Downgrades
- Cummins (CMI) downgraded by Goldman Sachs from Buy to Neutral
- Regeneron (REGN) downgraded by Citi from Buy to Neutral
- Cypress Semiconductor (CY) downgraded by SunTrust from Buy to Hold
- Sensata (ST) downgraded by SunTrust from Buy to Hold
- Royal Mail (ROYMF) downgraded by Deutsche Bank from Hold to Sell
- Five Below (FIVE) downgraded by Gordon Haskett from Accumulate to Hold
- Oxford Industries (OXM) downgraded by Needham from Buy to Hold
- Barnes & Noble (BKS) downgraded by Craig-Hallum from Buy to Hold
- VMware (VMW) downgraded by Drexel Hamilton from Buy to Hold
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