
ArcelorMittal (NYSE: MT) was started in coverage at Underweight by Barclays.
Baker Hughes Inc. (NYSE: BHI) was upgraded to Outperform from Sector Perform with a $58 price target by RBC Capital Markets.
Carnival Corp. (NYSE: CCL) was raised to Buy from Neutral with a $42 price target at Goldman Sachs.
Intel Corp. (NASDAQ: INTC) was downgraded to Neutral from Outperform at R.W. Baird.
MDC Holdings Inc. (NYSE: MDC) was raised to Buy from Neutral, but the price target remained at $36, at Sterne Agee.
Micron Technology Inc. (NASDAQ: MU) was downgraded to Neutral from Outperform at R.W. Baird.
National Oilwell Varco Inc. (NYSE: NOV) was raised to Outperform from Sector Perform with an $86 price target at RBC Capital Markets.
PulteGroup Inc. (NYSE: PHM) was downgraded to Outperform from the Top Pick list at RBC Capital Markets.
Smith & Wesson Holding Corp. (NASDAQ: SWHC) was downgraded to Underweight from Hold at KeyBanc Capital Markets.
Westport Innovations Inc. (NASDAQ: WPRT) was started as Sector Perform at RBC Capital Markets.
Morgan Stanley has a two-for-one downgrade in the international drug giants: both GlaxoSmithKline PLC (NYSE: GSK) and AstraZeneca PLC (NYSE: AZN) were downgraded to Underweight from Equal Weight.