Today's noteworthy downgrades include: AEGON (AEG) downgraded to Hold from Buy at ABN Amro... ASML (ASML) downgraded to Sell from Buy at Deutsche Bank... Allianz (AZ) downgraded to Hold from Buy at Deutsche Bank... Bayer (BAYRY) downgraded to Neutral from Buy at UBS... Charles River Labs (CRL) downgraded to Neutral from Buy at SunTrust... Container Store (TCS) downgraded to Underweight from Hold at BB&T... Coty (COTY) downgraded to Sell from Neutral at B. Riley... Exact Sciences (EXAS) downgraded to Neutral from Buy at Goldman... IHS Inc. (IHS) downgraded to Hold after guidance cut at Argus... Kofax (KFX) downgraded to Neutral from Buy at B. Riley... Kraft Foods (KRFT) downgraded to Sell from Hold at Argus... LifePoint (LPNT) downgraded at Mizuho... Madison Square Garden (MSG) downgraded to Hold from Buy at Evercore ISI... Myriad Genetics (MYGN) downgraded to Sell from Neutral at Goldman... Norfolk Southern (NSC) downgraded to Market Perform from Outperform at Raymond James... Quintiles (Q) downgraded to Neutral from Buy at SunTrust... Royal Dutch Shell (RDS.A) downgraded to Reduce from Neutral at HSBC... SanDisk (SNDK) downgraded to Neutral from Buy at BTIG... Ubiquiti Networks (UBNT) downgraded to Neutral from Outperform at Macquarie... Union Pacific (UNP) downgraded to Market Perform from Outperform at Cowen... Vantage Drilling (VTG) downgraded to Sector Perform from Outperform at Iberia.

Deutsche Bank placed a "Catalyst Call: Buy" on shares of Union Pacific (UNP) as a short-term investment idea. With all the attention Norfolk Southern (NSC) is getting in recent months, it is easy to overlook developments at other railroads, the analyst tells investors in a research note. The firm says Union Pacific is now the worst performing pail stock year-to-date. However, operating metrics "clearly show that UNP's renewed efforts on operations are gaining traction," contends Deutsche Bank. It keeps a Buy rating on the shares with a $266 price target.