Upgrades
- Royal Dutch (RDS.A) upgraded by Exane BNP Paribas from Underperform to Neutral
- Hittite Microwave (HITT) upgraded by Goldman from Sell to Neutral
- Valero Energy (VLO) upgraded by Goldman from Sell to Neutral
- Kinder Morgan Energy (KMP) upgraded by BofA/Merrill from Neutral to Buy
- Marvell (MRVL) upgraded by Brean Capital from Hold to Buy
- Waters (WAT) upgraded by Goldman from Neutral to Buy
- TE Connectivity (TEL) upgraded by Goldman from Buy to Conviction Buy
- Hercules Offshore (HERO) upgraded by ISI Group from Buy to Strong Buy
- Alamos Gold (AGI) upgraded by Cowen from Neutral to Outperform
- CEMEX (CX) upgraded by Morgan Stanley from Equal Weight to Overweight
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Downgrades
- Netflix (NFLX) downgraded by Bernstein from Market Perform to Underperform
- Vanguard Health (VHS,THC) downgraded by Deutsche Bank from Buy to Hold
- Sands China (SCHYY) downgraded by Deutsche Bank from Buy to Hold
- Melco Crown (MPEL) downgraded by Deutsche Bank from Buy to Hold
- Wynn Macau (WYNMF) downgraded by Deutsche Bank from Buy to Hold
- Sunoco Logistics (SXL) downgraded by BofA/Merrill from Buy to Neutral
- Western Gas Partners (WES) downgraded by BofA/Merrill from Buy to Neutral
- Keynote Systems (KEYN) downgraded by B. Riley from Buy to Neutral
- Agilent (A) downgraded by Goldman from Buy to Neutral
- Pan American Silver (PAAS) downgraded by Cowen from Outperform to Market Perform
- Demand Media (DMD) downgraded by Stifel from Buy to Hold
- Timmins Gold (TGD) downgraded by Cowen from Outperform to Market Perform
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Upgrades & Downgrades provided by Theflyonthewall.com
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