• North American Energy (NOA) upgraded by Jefferies from Hold to Buy
  • HP (HPQ) upgraded by Barclays from Equal Weight to Overweight
  • Marketo (MKTO) upgraded by UBS from Sell to Neutral 
  • Alliance Fiber Optic (AFOP) upgraded by B. Riley from Neutral to Buy
  • LATAM Airlines (LFL) upgraded by BofA/Merrill from Neutral to Buy
  • Universal Health (UHS) upgraded by KeyBanc from Hold to Buy
  • Laredo Petroleum (LPI) upgraded by KLR Group from Hold to Accumulate
  • 21Vianet (VNET) upgraded by Credit Suisse from Neutral to Outperform 
  • Pan American Silver (PAAS) upgraded by CIBC from Underperformer to Sector Performer



  • Cisco (CSCO) downgraded by Barclays from Overweight to Equal Weight
  • E-House (EJ) downgraded by Goldman from Conviction Buy to Buy 
  • Shutterfly (SFLY) downgraded by Cowen from Outperform to Underperform
  • Union First Market (UBSH) downgraded by Sterne Agee from Buy to Neutral
  • Imperial Oil (IMO) downgraded by Macquarie from Neutral to Underperform
  • Fortuna Silver Mines (FSM) downgraded by CIBC from Outperformer to Sector Performer 
  • Umpqua Holdings (UMPQ) downgraded by RBC Capital from Outperform to Sector Perform


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