Upgrades
- Banco Santander (SAN) upgraded by Goldman from Neutral to Conviction Buy
- Munich Re (MURGY) upgraded by Citi from Neutral to Buy
- Maximus (MMS) upgraded by Canaccord from Hold to Buy
- Steel Dynamics (STLD) upgraded by Berenber from Hold to Buy
- Taylor Morrison (TMHC) upgraded by Credit Suisse from Neutral to Outperform
- Amicus (FOLD) upgraded by Janney Capital from Neutral to Buy
- Calpine (CPN) downgraded by Argus from Buy to Hold
- Starwood (HOT) downgraded by Argus from Buy to Sell
- AngloGold (AU) downgraded by RBC Capital from Outperform to Sector Perform
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Downgrades
- Celldex (CLDX) downgraded by Jefferies from Buy to Hold
- AutoNation (AN) downgraded by Goldman from Neutral to Sell
- Swiss Re (SSREY) downgraded by Citi from Buy to Neutral
- Superior Industries (SUP) downgraded by B. Riley from Buy to Neutral
- Carmike Cinemas (CKEC) downgraded by B. Riley from Buy to Neutral
- comScore (SCOR) downgraded by Macquarie from Outperform to Neutral
- Ecopetrol (EC) downgraded by Deutsche Bank from Buy to Hold
- Bank of Montreal (BMO) downgraded by Credit Suisse from Outperform to Neutral
- Actuant (ATU) downgraded by SunTrust from Buy to Neutral
- Impala Platinum (IMPUY) downgraded by Deutsche Bank from Buy to Hold
- Bonanza Creek (BCEI) downgraded by Credit Suisse from Outperform to Neutral
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