Upgrades
- Estee Lauder (EL) upgraded by Citigroup from Neutral to Buy
- NetApp (NTAP) upgraded by UBS from Neutral to Buy
- Expedia (EXPE) upgraded by Lazard Capital from Neutral to Buy
- Micron (MU) upgraded by Susquehanna from Negative to Neutral
- British American Tobacco (BTI) upgraded by BofA/Merrill from Neutral to Buy
- Munich Re (MURGY) upgraded by BofA/Merrill from Neutral to Buy
- Inter Parfums (IPAR) upgraded by B. Riley from Neutral to Buy
- Baker Hughes (BHI) upgraded by Wells Fargo from Market Perform to Outperform
- LATAM Airlines (LFL) upgraded by Raymond James from Outperform to Strong Buy
- FIS (FIS) upgraded by SunTrust from Neutral to Buy
- Quiksilver (ZQK) upgraded by Credit Suisse from Neutral to Outperform
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Downgrades
- Phillips 66 (PCX) downgraded to Hold from Buy by Argus
- Rockwood (ROC) downgraded to Hold from Buy by Deutsche Bank
- Community Health (CYH,HMA) downgraded to Neutral from Buy by Citigroup
- IAC (IACI) downgraded to Hold from Buy by Canaccord
- Apache (APA) downgraded to Buy from Strong Buy by ISI Group
- Halliburton (HAL) downgraded to Market Perform from Outperform by Wells Fargo
- Fifth Third Bancorp (FITB) downgraded to Market Perform from Outperform by Raymond James
- Multimedia Games (MGAM) downgraded to Neutral from Buy by Janney Capital
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Upgrades & Downgrades provided by Theflyonthewall.com 
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