Today's noteworthy downgrades include: AllianceBernstein (AB) downgraded to Market Perform at Keefe Bruyette... Alon USA Energy (ALJ) downgraded to Underweight from Overweight at Barclays... Brookfield Renewable (BEP) downgraded to Equal Weight from Overweight at Barclays... Buffalo Wild Wings (BWLD) downgraded to Market Perform at Raymond James... Celanese (CE) downgraded to Neutral from Buy at Goldman... Cenovus Energy (CVE) downgraded to Underweight from Equal Weight at Barclays... Continental Building (CBPX) downgraded to Hold from Buy at BB&T... Darden (DRI) downgraded to Market Perform from Outperform at Raymond James... DineEquity (DIN) downgraded to Outperform from Strong Buy at Raymond James... EMC (EMC) downgraded to Hold from Buy at Jefferies... Federal Realty (FRT) downgraded to Hold from Buy at Sandler ONeill... Halyard Health (HYH) downgraded to Underweight from Equal Weight at Morgan Stanley... Harley-Davidson (HOG) downgraded to Neutral following dealer checks at Longbow... Hexagon AB (HXGBY) downgraded to Equal Weight from Overweight at Barclays... Imperial Oil (IMO) downgraded to Equal Weight from Overweight at Barclays... LINN Energy (LINE) downgraded to Underperform from Market Perform at FBR Capital... Lockheed Martin (LMT) resumed with a Neutral from Overweight at JPMorgan... LyondellBasell (LYB) downgraded to Neutral from Outperform at Macquarie... Magnum Hunter (MHR) downgraded on liquidity outlook at RBC Capital... Marvell (MRVL) downgraded to Neutral from Buy at Nomura... Media General (MEG) downgraded to Neutral from Outperform at Wedbush... Mediaset (MDIUY) downgraded to Neutral from Buy at Goldman... Mid-Con Energy (MCEP) downgraded to Market Perform from Outperform at FBR Capital... Novozymes (NVZMY) downgraded to Sell from Buy at Goldman... Och-Ziff Capital (OZM) downgraded to Neutral from Buy at Citi... Petrobras (PBR) downgraded to Equal Weight from Overweight at Barclays... Precision Castparts (PCP) downgraded to Market Perform from Outperform at Wells Fargo... Ruckus Wireless (RKUS) downgraded to Neutral from Overweight at Piper Jaffray... Ruth's Hospitality (RUTH) downgraded to Market Perform at Raymond James... Tech Data (TECD) downgraded to Underperform from Market Perform at Raymond James... UTi Worldwide (UTIW) downgraded to Equal Weight from Overweight at Stephens.

Montrose Environmental is up 11.1%, or $4.12 to $41.27.

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Montrose Environmental Group announced that it intends to offer for sale 3M shares of its common stock in an underwritten public offering. The company intends to use the net proceeds from the offering for general corporate purposes and continued acceleration of strategic growth initiatives, including, but not limited to, acquisitions or business expansion, commercialization of intellectual property given expanded environmental regulations, research and development, software development, capital expenditures, working capital and the repayment of debt. J.P. Morgan, William Blair and Evercore ISI are acting as joint leading book-running managers and representatives of the underwriters for the offering. BofA Securities is acting as book-running manager for the offering.

Barclays raised the firm's price target on Novonesis to DKK 460 from DKK 410 and keeps an Overweight rating on the shares.