Upgrades
- Western Union (WU) upgraded by Goldman from Neutral to Buy
- KeyCorp (KEY) upgraded by Citigroup from Neutral to Buy
- Liquidity Services (LQDT) upgraded by Benchmark Co. from Hold to Buy
- VeriFone (PAY) upgraded by Goldman from Neutral to Buy
- Cenovus Energy (CVE) upgraded by CIBC from Sector Performer to Sector Outperformer
- Arris (ARRS) upgraded by Raymond James from Outperform to Strong Buy
- Echo Global (ECHO) upgraded by Stifel Nicolaus from Hold to Buy
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Downgrades
- Adtran (ADTN) downgraded by Raymond James from Market Perform to Underperform
- Veolia Environment (VE) downgraded by Deutsche Bank from Hold to Sell
- Merck KGaA (MKGAY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Comerica (CMA) downgraded by Citigroup from Neutral to Sell
- Columbia Banking (COLB) downgraded by DA Davidson from Buy to Neutral
- Realty Income (O) downgraded by UBS from Neutral to Sell
- Ciena (CIEN) downgraded by Raymond James from Strong Buy to Market Perform
- First Commonwealth (FCF) downgraded by Macquarie from Outperform to Neutral
- Flushing Financial (FFIC) downgraded by Macquarie from Outperform to Neutral
- Associated Banc-Corp (ASBC) downgraded by Macquarie from Outperform to Neutral
- Acuity Brands (AYI) downgraded by ThinkEquity from Buy to Hold
- AAR Corp. (AIR) downgraded by Wedbush from Outperform to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com
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