Upgrades
- adidas (ADDYY) upgraded by UBS from Neutral to Buy
- Harsco (HSC) upgraded by Jefferies from Hold to Buy
- InterContinental (IHG) upgraded by MKM Partners from Neutral to Buy
- Stanley Black & Decker (SWK) upgraded by Longbow from Neutral to Buy
- Schnitzer Steel (SCHN) upgraded by BofA/Merrill from Neutral to Buy
- Willis Group (WSH) upgraded by BofA/Merrill from Neutral to Buy
- Continental AG (CTTAY) upgraded by Exane BNP Paribas from Underperform to Neutral
- ConAgra (CAG) upgraded by BofA/Merrill from Underperform to Neutral
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Downgrades
- L’Oreal (LRLCY) downgraded by Citi from Neutral to Sell
- Starbucks (SBUX) downgraded by Goldman from Conviction Buy to Buy
- Towers Watson (TW) downgraded by Deutsche Bank from Buy to Hold
- Fiat Chrysler (FCAU) downgraded by Exane BNP Paribas from Outperform to Neutral
- NASDAQ (NDAQ) downgraded by Keefe Bruyette from Outperform to Market Perform
- Carter’s (CRI) downgraded by Goldman from Conviction Buy to Buy
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Upgrades & Downgrades provided by Theflyonthewall.com 
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