Upgrades
- China Southern Airlines (ZNH) upgraded from Sell to Neutral by Citigroup
- Henkel (HENKY) upgraded from Hold to Buy by Deutsche Bank
- American Science & Engineering (ASEI) upgraded from Hold to Buy by Benchmark Co.
- Eli Lilly (LLY) upgraded from Underweight to Overweight by Atlantic Equities
- Hudson City Bancorp (HCBK) upgraded from Underperform to Outperform by RBC Capital
- Minerals Technologies (MTX) upgraded from Equal Weight to Overweight by First Analysis
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Downgrades
- GlaxoSmithKline (GSK) downgraded by UBS from Buy to Neutral
- PetroLogistics (PDH) downgraded by Citigroup from Buy to Neutral
- Eutelsat Communications (EUTLF) downgraded by Deutsche Bank from Buy to Sell
- AK Steel (AKS) downgraded by UBS from Neutral to Sell
- Pioneer Southwest (PSE) downgraded by UBS from Neutral to Sell
- Amphenol (APH) downgraded by BofA/Merrill from Buy to Neutral
- Hudson City Bancorp (HCBK) downgraded by Guggenheim from Buy to Neutral
- Golub Capital (GBDC) downgraded by Stifel Nicolaus from Buy to Hold
- Immunomedics (IMMU) downgraded by Wedbush from Outperform to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com
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