Upgrades
- General Motors (GM) upgraded by Piper Jaffray from Neutral to Overweight
- Accenture (ACN) upgraded by Bernstein from Market Perform to Outperform
- DirecTV (DTV) upgraded by Bernstein from Market Perform to Outperform
- Marriott (MAR) upgraded by Goldman from Neutral to Buy
- Lamar Advertising (LAMR) upgraded by UBS from Sell to Neutral
- AK Steel (AKS) upgraded by Credit Suisse from Neutral to Outperform
- ITT Educational (ESS) upgraded by BofA/Merrill from Underperform to Neutral
- Munich Re (MURGY) upgraded by Credit Suisse from Neutral to Outperform
- Alcatel-Lucent (ALU) upgraded by Deutsche Bank from Hold to Buy
- Allied World (AWH) upgraded by Macquarie from Neutral to Outperform
- Graco (GGG) upgraded by Goldman from Sell to Buy
- Rockwell Automation (ROK) upgraded by Goldman from Neutral to Conviction Buy
- Virgin Media (VMED) upgraded by Macquarie from Neutral to Outperform
- Highwoods Properties (HIW) upgraded by RBC Capital from Sector Perform to Outperform
- Grand Canyon (LOPE) upgraded by BofA/Merrill from Neutral to Buy
- Piedmont Office Realty (PDM) upgraded by RBC Capital from Sector Perform to Outperform
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Downgrades
- Coca-Cola (KO) downgraded by UBS from Buy to Neutral
- PepsiCo (PEP) downgraded by UBS from Buy to Neutral
- MasterCard (MA) downgraded by Goldman from Buy to Neutral
- 3M Company (MMM) downgraded by Goldman from Neutral to Sell
- T. Rowe Price (TROW) downgraded by Ticonderoga from Buy to Neutral
- Swiss Re (SSREY) downgraded by Credit Suisse from Neutral to Underperform
- Philips (PHG) downgraded by Exane BNP Paribas from Outperform to Neutral
- Philips (PHG) downgraded by Citigroup from Neutral to Sell
- Siemens (SI) downgraded by Exane BNP Paribas from Neutral to Underperform
- Urban Outfitters (URBN) downgraded by RW Baird from Outperform to Neutral
- Urban Outfitters (URBN) downgraded by Citigroup from Buy to Sell
- Polo Ralph Lauren (RL) downgraded by Wells Fargo from Outperform to Market Perform
- Hyatt Hotels (H) downgraded by Goldman from Buy to Neutral
- WebMD (WBMD) downgraded by Wells Fargo from Outperform to Market Perform
- WebMD (WBMD) downgraded by Morgan Stanley from Equal Weight to Underweight
- Emerson (EMR) downgraded by Goldman from Buy to Neutral
- Accenture (ACN) downgraded by Goldman from Buy to Neutral
- Boston Properties (BXP) downgraded by RBC Capital from Outperform to Sector Perform
- NCR Corp. (NCR) downgraded by Goldman from Conviction Buy to Buy
- Trustmark (TRMK) downgraded by JP Morgan from Neutral to Underweight
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Upgrades & Downgrades provided by TheFlyOnTheWall.com
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