Upgrades
- VMware (VMW) upgraded by Oppenheimer from Perform to Outperform
- CommVault (CVLT) upgraded by RBC Capital from Outperform to Top Pick
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Downgrades
- NeoPhotonics (NPTN) downgraded by ThinkEquity from Buy to Hold
- Time Warner (TWX) downgraded by Caris from Buy to Above Average
Initiations
- Delphi Automotive (DLPH) initiated coverage with an Overweight by Morgan Stanley
- Delphi Automotive (DLPH) initiated coverage with an Overweight by JP Morgan
- Delphi Automotive (DLPH) initiated coverage with an Outperform by Credit Suisse
- Delphi Automotive (DLPH) initiated coverage with a Neutral by Citigroup
- Delphi Automotive (DLPH) initiated coverage with a Buy by Goldman
- Delphi Automotive (DLPH) initiated coverage with an Outperform by RW Baird
- Delphi Automotive (DLPH) initiated coverage with a Buy by BofA/Merrill
- InvenSense (INVN) initiated coverage with an Outperform by RW Baird
- InvenSense (INVN) initiated coverage with a Buy by Goldman
- InvenSense (INVN) initiated coverage with an Equal Weight by Morgan Stanley
- InvenSense (INVN) initiated coverage with an Overweight by Piper Jaffray
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