Upgrades
- HMS Holdings (HMSY) upgraded by Jefferies from Hold to Buy
- ConAgra (CAG) upgraded by Jefferies from Hold to Buy
- Active Network (ACTV) upgraded by BofA/Merrill from Underperform to Buy
- Bel Fuse (BELFB) upgraded by Needham from Hold to Buy
- St. Jude Medical (STJ) upgraded by Mizuho from Neutral to Buy
- Cambrex (CBM) upgraded by Longbow from Neutral to Buy
- Lockheed Martin (LMT) upgraded by CRT Capital from Sell to Fair Value
- Kubota Limited (KUB) upgraded by BofA/Merrill from Neutral to Buy
- LVMH Moet Hennessy (LVMUY) upgraded by Goldman from Neutral to Buy
- Ulta Salon (ULTA) upgraded by Wells Fargo from Market Perform to Outperform
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Downgrades
- Volvo (VOLVY) downgraded by HSBC from Neutral to Underweight
- Kingfisher (KGFHY) downgraded by UBS from Buy to Neutral
- Brown-Forman (BF.B,BF.A,BFB) downgraded by Goldman from Neutral to Sell
- Yum! Brands (YUM) downgraded by UBS from Buy to Neutral
- Yum! Brands (YUM) downgraded by Raymond James from Market Perform to Underperform
- Yum! Brands (YUM) downgraded by Susquehanna from Positive to Neutral
- Tiffany (TIF) downgraded by BofA/Merrill from Buy to Neutral
- Tiffany (TIF) downgraded by BofA/Merrill from Buy to Neutral
- Stanley Black & Decker (SWK) downgraded by Longbow from Buy to Neutral
- Royal Bank of Canada (RY) downgraded by UBS from Buy to Neutral
- OPNET Technologies (OPNET) downgraded by Mizuho from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com
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