Upgrades and Downgrades for Wednesday, 5/22


  • 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


  • 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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