Upgrades
- Southwest (LUV) upgraded by Raymond James from Market Perform to Outperform
- Raytheon (RTN) upgraded by BofA/Merrill from Neutral to Buy
- Noble Corporation (NE) upgraded by Deutsche Bank from Hold to Buy
- Berry Petroleum (BRY) upgraded by Wells Fargo from Market Perform to Outperform
- Whiting Petroleum (WLL) upgraded by Wells Fargo from Market Perform to Outperform
- Horizon Bancorp (HBNC) upgraded by Raymond James from Market Perform to Outperform
- Amerigroup (AGP) upgraded by BofA/Merrill from Neutral to Buy
- Range Resources (RRC) upgraded by Lazard Capital from Sell to Neutral
- Mack-Cali Realty (CLI) upgraded by Cowen from Neutral to Outperform
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Downgrades
- Intel (INTC) downgraded by Kaufman Bros. from Buy to Hold
- Procter & Gamble (PG) downgraded by Morgan Stanley from Overweight to Equal Weight
- Panasonic (PC) downgraded by Deutsche Bank from Buy to Hold
- Texas Instruments (TXN) downgraded by Needham from Buy to Hold
- ON Semiconductor (ONNN) downgraded by Needham from Buy to Hold
- BlackRock (BLK) downgraded by Citigroup from Buy to Neutral
- Bayer (BAYRY) downgraded by Nomura from Buy to Neutral
- PG&E (PCG) downgraded by Wells Fargo from Outperform to Market Perform
- Oasis Petroleum (OAS) downgraded by Wells Fargo from Outperform to Market Perform
- Rosetta Resources (ROSE) downgraded by Wells Fargo from Outperform to Market Perform
- Humana (HUM) downgraded by Wells Fargo from Outperform to Market Perform
- Lockheed Martin (LMT) downgraded by BofA/Merrill from Neutral to Underperform
- Patriot Coal (PCX) downgraded by UBS from Buy to Neutral
- Cloud Peak Energy (CLD) downgraded by UBS from Buy to Neutral
- Boston Properties (BXP) downgraded by Cowen from Outperform to Neutral
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Upgrades & Downgrades provided by TheFlyOnTheWall.com
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