Upgrades
- Yahoo (YHOO) upgraded by CRT Capital from Fair Value to Buy
- Google (GOOG) upgraded by Wells Fargo from Market Perform to Outperform
- Logitech (LOGI) upgraded by Goldman from Neutral to Buy
- British Sky Broadcasting (BSYBY) upgraded by UBS from Neutral to Buy
- Actuant (ATU) upgraded by Jefferies from Hold to Buy
- Flowserve (FLS) upgraded by Jefferies from Hold to Buy
- Kaman (KAMN) upgraded by Jefferies from Hold to Buy
- MSC Industrial (MSM) upgraded by Jefferies from Hold to Buy
- Cliffs Natural (CLF) upgraded by Deutsche Bank from Hold to Buy
- Intel (INTC) upgraded by JPMorgan from Neutral to Overweight
- Jabil Circuit (JBL) upgraded by Goldman from Neutral to Conviction Buy
- Stanley Black & Decker (SWK) upgraded by KeyBanc from Hold to Buy
- Quantum (QTM) upgraded by Craig-Hallum from Hold to Buy
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Downgrades
- Volkswagen (VLKAY) downgraded by UBS to Sell from Neutral
- Microsoft (MSFT) downgraded by Citigroup from Buy to Neutral
- Western Union (WU) downgraded by Citigroup from Neutral to Sell
- ZELTIQ (ZLTQ) downgraded by Goldman from Buy to Neutral
- Celadon Group (CGI) downgraded by Stifel from Buy to Hold
- Infineon (IFNNY) downgraded by Goldman from Buy to Neutral
- Demandware (DWRE) downgraded by Goldman from Conviction Buy to Neutral
- ChannelAdvisor (ECOM) downgraded by Goldman from Buy to Neutral
- Plexus (PLXS) downgraded by Goldman from Buy to Neutral
- EverBank Financial (EVER) downgraded by Sterne Agee from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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