Upgrades
- Swisscom (SCMWY) upgraded by Nomura from Neutral to Buy
- Rackspace (RAX) upgraded by Raymond James from Market Perform to Outperform
- eBay (EBAY) upgraded by SunTrust from Neutral to Buy
- WebMD (WBMD) upgraded by Goldman from Sell to Neutral
- Westar Energy (WR) upgraded by Goldman from Neutral to Buy
- American Eagle (AEO) upgraded by Janney Capital from Neutral to Buy
- Oceaneering (OII) upgraded by Jefferies from Hold to Buy
- Progressive (PGR) upgraded by Goldman from Sell to Neutral
- Marathon Petroleum (MPC) upgraded by Deutsche Bank from Hold to Buy
- Ruckus Wireless (RKUS) upgraded by Goldman from Neutral to Buy
- Viacom (VIAB) upgraded by Guggenheim from Neutral to Buy
- AMC Networks (AMCX) upgraded by Guggenheim from Neutral to Buy
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Downgrades
- Shire (SHPG) downgraded by UBS from Buy to Neutral
- Telenor (TELNY) downgraded by Nomura from Buy to Reduce
- OpenTable (OPEN) downgraded by Goldman from Buy to Neutral
- Trulia (TRLA) downgraded by Goldman from Buy to Neutral
- Groupon (GRPN) downgraded by Goldman from Buy to Neutral
- Sprint (S) downgraded by Macquarie from Outperform to Neutral
- Everest Re (RE) downgraded by Deutsche Bank from Buy to Hold
- Travelers (TRV) downgraded by Goldman from Buy to Neutral
- Urban Outfitters (URBN) downgraded by Sterne Agee from Buy to Neutral
- Palo Alto (PANW) downgraded by Raymond James from Strong Buy to Outperform
- Time Warner (TWX) downgraded by Guggenheim from Buy to Neutral
- AXIS Capital (AXS) downgraded by Deutsche Bank from Hold to Sell
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