Upgrades
- Concho Resources (CXO) upgraded by Jefferies from Hold to Buy
- Devon Energy (DVN) upgraded by Jefferies from Hold to Buy
- RBS (RBS) upgraded by Citi from Sell to Neutral
- Castlight Health (CSLT) upgraded by Canaccord from Hold to Buy
- Dril-Quip (DRQ) upgraded by FBR Capital from Neutral to Buy
- Diamond Offshore (DO) upgraded by FBR Capital from Sell to Neutral
- Prudential (PRU) upgraded by FBR Capital from Neutral to Buy
- Kansas City Southern (KSU) upgraded by BofA/Merrill from Neutral to Buy
- C.H. Robinson (CHRW) upgraded by BofA/Merrill from Underperform to Buy
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Downgrades
- Noble Energy (NBL) downgraded by Jefferies from Buy to Hold
- Carrizo Oil & Gas (CRZO) downgraded by Jefferies from Buy to Hold
- Jabil Circuit (JBL) downgraded by Goldman Sachs from Neutral to Sell
- Eastman Chemical (EMN) downgraded by Nomura Instinet from Buy to Neutral
- LyondellBasell (LYB) downgraded by HSBC from Buy to Hold
- Delphi (DLPH) downgraded by UBS from Buy to Neutral
- MetLife (MET) downgraded by FBR Capital from Buy to Neutral
- SunTrust (STI) downgraded by FBR Capital from Buy to Neutral
- Axalta Coating (AXTA) downgraded by Citi from Neutral to Sell
- Targa Resources (TRGP) downgraded by Citi from Buy to Neutral
- Agco (AGCO) downgraded by JPMorgan from Neutral to Underweight
- Quest Diagnostics (DGX) downgraded by Goldman Sachs from Conviction Buy to Buy
- Union Pacific (UNP) downgraded by Aegis from Buy to Hold
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