Upgrades
- Flir Systems (FLIR) upgraded by Imperial Capital from In-Line to Outperform
- Legg Mason (LM) upgraded by Evercore ISI from Underperform to In Line
- Diamond Offshore (DO) upgraded by Piper Jaffray from Underweight to Neutral
- Ericsson (ERIC) upgraded by BofA/Merrill from Neutral to Buy
- Covenant Transportation (CVTI) upgraded by Cowen from Market Perform to Outperform
- ArcBest (ARCB) upgraded by Cowen from Market Perform to Outperform
Downgrades
- Babcock (BCKIF) downgraded by JPMorgan from Overweight to Neutral
- Mallinckrodt (MNK) downgraded by Jefferies from Buy to Hold
- Zayo Group (ZAYO) downgraded by Raymond James from Outperform to Market Perform
- Sasol (SSL) downgraded by HSBC from Buy to Hold
- Franco-Nevada (FNV) downgraded by RBC Capital from Outperform to Sector Perform
- Ryanair (RYAAY) downgraded by HSBC from Buy to Hold
- Anadarko (APC) downgraded by Cowen from Outperform to Market Perform
- Activision Blizzard (ATVI) downgraded by Stephens from Overweight to Equal Weight
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