Upgrades
- Rolls-Royce (RYCEY) upgraded by Societe Generale from Sell to Hold
- Societe Generale (SCGLY) upgraded by UBS from Neutral to Buy
- Discover (DFS) upgraded by Jefferies from Hold to Buy
- Comerica (CMA) upgraded by Citigroup from Neutral to Buy
- LogMeln (LOGM) upgraded by Needham from Hold to Buy
- Starwood Hotels (HOT) upgraded by UBS from Neutral to Buy
- Discovery (DISCA) upgraded by Guggenheim from Neutral to Buy
- Progressive Waste (BIN) upgraded by Raymond James from Outperform to Strong Buy
- Itron (ITRI) upgraded by Stifel from Sell to Hold
- Corrections Corp. (CXW) upgraded by CRT Capital from Fair Value to Buy
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Downgrades
- Munich Re (MURGY) downgraded by Societe Generale from Hold to Sell
- DISH (DISH) downgraded by Citigroup from Buy to Neutral
- Ducommun (DCO) downgraded by Canaccord from Buy to Hold
- Foster Wheeler (FWLT) downgraded by BB&T from Buy to Hold
- Agnico-Eagle (AEM) downgraded by Canaccord from Buy to Hold
- Cadence (CADX) downgraded by Guggenheim from Buy to Neutral
- CafePress (PRSS) downgraded by Cantor from Buy to Hold
- GNC Holdings (GNC) downgraded by Goldman from Buy to Neutral
- Mattel (MAT) downgraded by Argus from Buy to Hold
- Sims Metal (SMS) downgraded by BofA/Merrill from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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