Upgrades
- Bank of America (BAC) upgraded by Evercore from Equal Weight to Overweight
 - Boeing (BA) upgraded by Stifel Nicolaus from Hold to Buy
 - HealthSouth (HLS) upgraded by Wells Fargo from Market Perform to Outperform
 - Inphi (IPHI) upgraded by Piper Jaffray from Neutral to Overweight
 - Danske Bank (DNSKY) upgraded by Citigroup from Neutral to Buy
 - K+S (KPLUF) upgraded by Deutsche Bank from Sell to Hold
 - Nordea (NRDEF) upgraded by Citigroup from Neutral to Buy
 - Smart Balance (SMBL) upgraded by Canaccord from Hold to Buy
 - Buckeye Technologies (BKI) upgraded by UBS from Neutral to Buy
 - SunTrust (STI) upgraded by Evercore from Equal Weight to Overweight
 - IHS Inc. (IHS) upgraded by Barclays from Equal Weight to Overweight
 - Synta Pharmaceuticals (SNTA) upgraded by BMO Capital from Market Perform to Outperform
 - Pioneer Natural (PXD) upgraded by Societe Generale from Sell to Hold
 - KAR Auction (KAR) upgraded by RW Baird from Neutral to Outperform
 
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Downgrades
- Yum! Brands (YUM) downgraded by Raymond James from Outperform to Market Perform
 - Cummins (CMI) downgraded by Wells Fargo from Outperform to Market Perform
 - Regions Financial (RF) downgraded by Deutsche Bank from Buy to Hold
 - TD Ameritrade (AMTD) downgraded by Citigroup from Buy to Neutral
 - Charles Schwab (SCHW) downgraded by Citigroup from Buy to Neutral
 - Cascade (CASC) downgraded by BB&T from Buy to Hold
 - Interline Brands (IBI) downgraded by RW Baird from Outperform to Neutral
 - Dun & Bradstreet (DNB) downgraded by Barclays from Overweight to Equal Weight
 - KAR Auction (KAR) downgraded by Barclays from Equal Weight to Underweight
 - China Ming Yang Wind (MY) downgraded by Credit Suisse from Neutral to Underperform
 - Cheesecake Factory (CAKE) downgraded by William Blair from Outperform to Market Perform
 
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