Upgrades
- Mobile TeleSystems (MBT) upgraded by UBS from Neutral to Buy
 - AXA (AMAHY) upgraded by Goldman from Neutral to Conviction Buy
 - Air France-KLM (AFLYY) upgraded by Societe Generale from Sell to Hold
 - Eldorado Gold (EGO) upgraded by Macquarie from Underperform to Neutral
 - TriQuint (TRQ) upgraded by DA Davidson from Neutral to Buy
 - Minefinders (MFN) upgraded by Mackie Research from Sell to Hold
 
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Downgrades
- Anglo American (AAUKY) downgraded by Societe Generale from Buy to Hold
 - AEGON (AEG) downgraded by Goldman from Buy to Neutral
 - VimpelCom (VIP) downgraded by UBS from Buy to Neutral
 - China Real Estate (CRIC) downgraded by William Blair from Outperform to Market Perform
 - Advantage Oil & Gas (AAV) downgraded by RBC Capital from Outperform to Sector Perform
 
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Upgrades & Downgrades provided by TheFlyOnTheWall.com
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