• 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



  • 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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