Upgrades
- CalAmp (CAMP) upgraded by JPMorgan from Neutral to Overweight
- Valero (VLO) upgraded by Goldman Sachs from Sell to Neutral
- NCC Group (NCCGF) upgraded by Citi from Neutral to Buy
- Suncorp Group (SNMCY) upgraded by Citi from Neutral to Buy
- McCormick (MKC) upgraded by Deutsche Bank from Sell to Hold
- Rockwell Automation (ROK) upgraded by HSBC from Hold to Buy
- Icon (ICLR) upgraded by Mizuho from Neutral to Buy
- Carnival (CCL) upgraded by Macquarie from Neutral to Outperform
- Sallie Mae (SLM) upgraded by BMO Capital from Market Perform to Outperform
- Avaya (AVYA) upgraded by Barclays from Equal Weight to Overweight
- Sallie Mae (SLM) upgraded by BMO Capital from Market Perform to Outperform
- Flir Systems (FLIR) upgraded by Baird from Neutral to Outperform
Downgrades
- HSBC (HSBC) downgraded by Keefe Bruyette from Outperform to Market Perform
- Hawaiian Holdings (HA) downgraded by Deutsche Bank from Buy to Hold
- Illumina (ILMN) downgraded by Deutsche Bank from Buy to Hold
- Norfolk Southern (NSC) downgraded by Deutsche Bank from Buy to Hold
- Sims Metal (SMSMY) downgraded by Goldman Sachs from Buy to Neutral
- PBF Energy (PBF) downgraded by Goldman Sachs from Neutral to Sell
- Fevertree Drinks (FQVTF) downgraded by Jefferies from Buy to Hold
- Rogers Communications (RCI) downgraded by Macquarie from Outperform to Neutral
- KBR (KBR) downgraded by Deutsche Bank from Buy to Hold
- BB&T (BBT) downgraded by Deutsche Bank from Buy to Hold
- PNC Financial (PNC) downgraded by Deutsche Bank from Buy to Hold
- Aptiv (APTV) downgraded by Piper Jaffray from Overweight to Neutral
- ResMed (RMD) downgraded by Goldman Sachs from Buy to Neutral
- ResMed (RMD) downgraded by JPMorgan from Neutral to Underweight
- Intel (INTC) downgraded by Susquehanna from Positive to Neutral
- Acom (ACMUY) downgraded by Nomura Instinet from Buy to Neutral
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