Upgrades
- easyJet (ESYJY) upgraded by UBS from Neutral to Buy
- JPMorgan (JPM) upgraded by Deutsche Bank from Hold to Buy
- Tiffany (TIF) upgraded by HSBC from Neutral to Overweight
- Autodesk (ADSK) upgraded by Goldman from Sell to Conviction Buy
- Sony (SNE) upgraded by BofA/Merrill from Neutral to Buy
- NetEase.com (NTSE) upgraded by UBS from Neutral to Buy
- eBay (EBAY) upgraded by Bernstein from Market Perform to Outperform
- Swift Transportation (SWFT) upgraded by Raymond James from Outperform to Strong Buy
- Silicon Graphics (SGI) upgraded by Sterne Agee from Neutral to Buy
- KLA-Tencor (KLAC) upgraded by Deutsche Bank from Sell to Hold
- WNS Holdings (WNS) upgraded by Citigroup from Neutral to Buy
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Downgrades
- Goldman Sachs (GS,JPM) downgraded by Deutsche Bank from Buy to Hold
- Goldman Sachs (GS) downgraded by Citigroup from Buy to Neutral
- Noble Corp. (NE) downgraded by Jefferies from Buy to Hold
- Ford (F) downgraded by Barclays from Overweight to Equal Weight
- Medtronic (MDT) downgraded by Wunderlich from Buy to Hold
- Canadian Pacific (CP) downgraded by Canaccord from Hold to Sell
- United Continental (UAL) downgraded by BofA/Merrill from Neutral to Underperform
- Flextronics (FLEX) downgraded by UBS from Buy to Neutral
- Oracle (ORCL) downgraded by Goldman from Conviction Buy to Buy
- Intuit (INTU) downgraded by First Analysis from Overweight to Equal Weight
- Trinity Industries (TRN) downgraded by Stifel Nicolaus from Buy to Hold
- ONEOK Partners (OKS) downgraded by Citigroup from Buy to Neutral
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