Upgrades
- Accenture (ACN) upgraded by Citi from Neutral to Buy
- Carlsberg (CABGY) upgraded by Jefferies from Hold to Buy
- Heineken (HEINY) upgraded by Jefferies from Hold to Buy
- Nippon Steel (NSSMY) upgraded by Jefferies from Underperform to Hold
- ING Group (ING) upgraded by Societe Generale from Hold to Buy
- Outokumpu (OUTKY) upgraded by UBS from Neutral to Buy
- MetLife (MET) upgraded by BofA/Merrill from Neutral to Buy
- Annaly Capital (NLY) upgraded by JPMorgan from Neutral to Overweight
- OneMain Holdings (OMF) upgraded by JPMorgan from Underweight to Neutral
- Navient (NAVI) upgraded by JPMorgan from Underweight to Neutral
- Southern Copper (SCCO) upgraded by Itau BBA from Market Perform to Outperform
Downgrades
- BlackRock Capital Investment (BKCC) downgraded by JPMorgan from Neutral to Underweight
- AB InBev (BUD) downgraded by Jefferies from Hold to Underperform
- Installed Building Products (IBP) downgraded by Jefferies from Buy to Hold
- Incyte (INCY) downgraded by UBS from Buy to Neutral
- Nordstrom (JWN) downgraded by Goldman Sachs from Conviction Buy to Neutral
- Allison Transmission (ALSN) downgraded by Mizuho from Buy to Neutral
- Electronics for Imaging (EFII) downgraded by Cross Research from Buy to Hold
- Sabesp (SBS) downgraded by Citi from Neutral to Sell
- Sysco (SYY) downgraded by BofA/Merrill from Buy to Neutral
- Hudson (HUD) downgraded by BofA/Merrill from Buy to Neutral
- Entegra Financial (ENFC) downgraded by Compass Point from Buy to Neutral
- PG&E (PCG) downgraded by Wells Fargo from Outperform to Market Perform
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