Upgrades
- Coca-Cola (KO) upgraded by Barclays from Equal Weight to Overweight
- Triumph Group (TGI) upgraded by Vertical Research from Hold to Buy
- Celanese (CE) upgraded by UBS from Neutral to Buy
- Teradata (TDC) upgraded by Stifel from Hold to Buy
- Energy Transfer Equity (ETE) upgraded by BofA/Merrill from Neutral to Buy
- AIG (AIG) upgraded by UBS from Neutral to Buy
- Canadian National (CNI) upgraded by BofA/Merrill from Underperform to Buy
- Mobile TeleSystems (MBT) upgraded by VTB Capital to Buy from Hold
- Nucor (NUE) upgraded by Macquarie from Neutral to Outperform
- First Busey (BUSE) upgraded by Keefe Bruyette from Market Perform to Outperform
- Commercial Metals (CMC) upgraded by Macquarie from Underperform to Neutral
Downgrades
- CBS (CBS) downgraded by BofA/Merrill from Buy to Neutral
- Molson Coors (TAP) downgraded by Stifel from Buy to Hold
- BT Group (BT) downgraded by UBS from Buy to Neutral
- Vodafone (VOD) downgraded by Citi from Buy to Neutral
- Gramercy Property Trust (GPT) downgraded by Ladenburg from Buy to Neutral
- Just Energy (JE) downgraded by Canaccord from Buy to Hold
- National Express (NXPGF) downgraded by JPMorgan from Overweight to Neutral
- Progressive (PGR) downgraded by Keefe Bruyette from Outperform to Market Perform
- Pentair (PNR) downgraded by KeyBanc from Overweight to Sector Weight
- Canadian National (CNI) downgraded by Macquarie from Outperform to Neutral
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