Upgrades
- Volkswagen (VLKAY) upgraded by Citigroup from Neutral to Buy
- Expedia (EXPE) upgraded by BofA/Merrill from Neutral to Buy
- Thoratec (THOR) upgraded by Canaccord from Hold to Buy
- Microchip (MCHP) upgraded by Mizuho from Neutral to Buy
- ICON plc (ICLR) by ISI Group upgraded from Buy to Strong Buy
- Itron (ITRI) upgraded by Brean Capital from Sell to Hold
- Hatteras Financial (HTS) upgraded by Compass Point from Neutral to Buy
- Chuy’s (CHUY) upgraded by Raymond James from Underperform to Market Perform
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Downgrades
- Commerzbank (CRZBD) downgraded by UBS from Neutral to Sell
- Mobile TeleSystems (MBT) downgraded by Citigroup from Buy to Neutral
- Iberdrola (IBDRY) downgraded by Societe Generale from Buy to Hold
- Sealed Air (SEE) downgraded by Citigroup from Buy to Neutral
- Bankrate (RATE) downgraded by Stifel from Buy to Hold
- Garmin (GRMN) downgraded by Raymond James from Outperform to Market Perform
- MedAssets (MDAS) downgraded by ISI Group from Buy to Neutral
- Facebook (FB) downgraded by BMO Capital from Outperform to Market Perform
- Mattel (MAT) downgraded by Piper Jaffray from Overweight to Neutral
- Itron (ITRI) downgraded by Janney Capital from Buy to Neutral
- Kraft Foods (KRFT) downgraded by Canaccord from Buy to Hold
- Arthur J. Gallagher (AJG) downgraded by Compass Point from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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