Upgrades
- Dunkin’ Brands (DNKN) upgraded by Goldman from Sell to Neutral
- American Eagle (AEO) upgraded by Janney Capital from Neutral to Buy
- Chipotle Mexican Grill (CMG) upgraded by Goldman from Buy to Conviction Buy
- Lululemon (LULU) upgraded by Goldman from Buy to Conviction Buy
- AK Steel (AKS) upgraded by BofA/Merrill from Underperform to Neutral
- Concho Resources (CXO) upgraded by RBC Capital from Sector Perform to Outperform
- General Dynamics (GD) upgraded by JP Morgan from Neutral to Overweight
- Frontline (FRO) upgraded by Dahlman Rose from Sell to Hold
- Steel Dynamics (STLD) upgraded by BofA/Merrill from Neutral to Buy
- Cytec Industries (CYT) upgraded by Citigroup from Neutral to Buy
- National Retail Properties (NNN) upgraded by Morgan Keegan from Market Perform to Outperform
- Canadian Pacific (CP) upgraded by JP Morgan from Underweight to Neutral
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Downgrades
- Lockheed Martin (LMT) downgraded by RBC Capital from Sector Perform to Underperform
- Lockheed Martin (LMT) downgraded by JP Morgan from Overweight to Neutral
- NetApp (NTAP) downgraded by Credit Suisse from Outperform to Neutral
- Union Pacific (UNP) downgraded by Stifel Nicolaus from Buy to Hold
- Virgin Media (VMED) downgraded by RBS from Buy to Hold
- Vanguard Health (VHS) downgraded by Citigroup from Buy to Neutral
- Education Management (EDMC) downgraded by Barclays from Overweight to Equal Weight
- Mosaic (MOS) downgraded by Citigroup from Buy to Neutral
- Alcatel-Lucent (ALU) downgraded by Natixis from Buy to Neutral
- Energizer (ENR) downgraded by BMO Capital from Outperform to Market Perform
- Pinnacle Financial (PNFP) downgraded by Wunderlich from Buy to Hold
- Constellation Energy (CEG) downgraded by ISI Group from Buy to Hold
- FirstEnergy (FE) downgraded by ISI Group from Buy to Hold
- Home Properties (HME) downgraded by Morgan Keegan from Outperform to Market Perform
- Clearwire (CLWR) downgraded by Kaufman Bros. from Buy to Hold
- Heartland Express (HTLD) downgraded by Morgan Keegan from Outperform to Market Perform
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Upgrades & Downgrades provided by TheFlyOnTheWall.com
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