Upgrades
- Commercial Metals (CMC) upgraded by Jefferies from Hold to Buy
- Century Aluminum (CENX) upgraded by Deutsche Bank from Hold to Buy
- Biogen (BIIB) upgraded by Stifel from Hold to Buy
- Energy Transfer Equity (ETE) upgraded by Goldman Sachs from Neutral to Buy
- Phillips 66 Partners (PSXP) upgraded by Goldman Sachs from Sell to Neutral
- Prudential (PRU) upgraded by Citi from Neutral to Buy
- Biogen (BIIB) upgraded by Mizuho from Neutral to Buy
- Wex (WEX) upgraded by SunTrust from Hold to Buy
- Emerson (EMR) upgraded by BofA/Merrill from Neutral to Buy
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Downgrades
- Embraer (ERJ) downgraded by Deutsche Bank from Buy to Hold
- Freeport McMoRan (FCX) downgraded by Deutsche Bank from Hold to Sell
- Rio Tinto (RIO) downgraded by Citi from Buy to Neutral
- Kaiser Aluminum (KALU) downgraded by Deutsche Bank from Buy to Hold
- Deutsche Boerse (DBOEY) downgraded by JPMorgan from Overweight to Neutral
- Energy Transfer Partners (ETR) downgraded by Goldman Sachs from Buy to Neutral
- Spectra Energy Partners (SEP) downgraded by Goldman Sachs from Neutral to Sell
- Kinder Morgan (KMI) downgraded by Goldman Sachs from Buy to Neutral
- Targa Resources (TRGP) downgraded by Goldman Sachs from Buy to Neutral
- West Pharmaceutical (WST) downgraded by BofA/Merrill from Buy to Neutral
- Ingersoll-Rand (IR) downgraded by BofA/Merrill from Buy to Neutral
- 8point3 Energy (CAFD) downgraded by Goldman Sachs from Buy to Neutral
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