Upgrades
- Yandex (YNDX) upgraded by Goldman from Neutral to Buy
- ArcelorMittal (MT) upgraded by Goldman from Neutral to Conviction Buy
- Mediaset (MDIUY) upgraded by Goldman from Neutral to Buy
- SAP (SAP) upgraded by Berenberg from Hold to Buy
- Corning (GLW) upgraded by Goldman from Neutral to Buy
- Vornado (VNO) upgraded by Credit Suisse from Neutral to Outperform
- SL Green Realty (SLG) upgraded by Credit Suisse from Underperform to Neutral
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Downgrades
- AstraZeneca (AZN) downgraded by Goldman from Neutral to Sell
- Juniper (JNPR) downgraded by UBS from Buy to Neutral
- Hertz (HTZ) downgraded by Credit Suisse from Outperform to Neutral
- Starbucks (SBUX) downgraded by Deutsche Bank from Buy to Hold
- PHH Corp. (PHH) downgraded by Sterne Agee CRT from Buy to Neutral
- Entergy (ETR) downgraded by BofA/Merrill from Buy to Neutral
- L Brands (LB) downgraded by Goldman from Conviction Buy to Neutral
- Hatteras Financial (HTS) downgraded by Ladenburg from Buy to Neutral
- Avon Products (AVP) downgraded by Piper Jaffray from Overweight to Neutral
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