Upgrades
- Procter & Gamble (PG) upgraded by Wells Fargo from Market Perform to Outperform
- Finisar (FNSR) upgraded by Jefferies from Underperform to Hold
- Lukoil (LUKOY) upgraded by Deutsche Bank from Hold to Buy
- Tenet Healthcare (THC) upgraded by Goldman from Neutral to Buy
- Fibria Celulose (FBR) upgraded by Goldman from Neutral to Buy
- Cloud Peak Energy (CLD) upgraded by Stifel from Hold to Buy
- Abiomed (ABMD) upgraded by Benchmark Co. from Speculative Buy to to Buy
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Downgrades
- Novartis (NVS) downgraded by JPMorgan from Overweight to Neutral
- Cytec Industries (CYT) downgraded by Deutsche Bank from Buy to Hold
- Alaska Air (ALK) downgraded by Deutsche Bank from Buy to Hold
- Boston Properties (BXP) downgraded by BofA/Merrill from Buy to Neutral
- M/A-COM (MTSI) downgraded by Goldman from Buy to Neutral
- RBC Bearings (ROLL) downgraded by BofA/Merrill from Buy to Neutral
- Wells Fargo (WFC) downgraded by Macquarie from Outperform to Neutral
- Softbank (SFTBF) downgraded by Citigroup from Buy to Neutral
- J.C. Penney (JCP) downgraded by Sterne Agee from Buy to Neutral
- PHH Corp. (PHH) downgraded by Sterne Agee from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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