Upgrades
- Garmin (GRMN) upgraded by Citigroup from Neutral to Buy
- Sirius XM (SIRI) upgraded by Barclays from Equalweight to Overweight
- Carlyle Group (CG) upgraded by UBS from Neutral to Buy
- Steelcase (SCS) upgraded by Raymond James from Outperform to Strong Buy
- NXP Semiconductors (NXPI) upgraded by Morgan Stanley from Equal Weight to Overweight
- Corning (GLW) upgraded by Susquehanna from Neutral to Positive
- Penn National (PENN) upgraded by FBR Capital from Market Perform to Outperform
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Downgrades
- Alpha Natural (ANR) downgraded by UBS from Buy to Neutral
- Peabody (BTU) downgraded by UBS from Buy to Neutral
- Walter Energy (WLT) downgraded by UBS from Buy to Neutral
- Arch Coal (ACI) downgraded by UBS from Buy to Neutral
- CONSOL (CNX) downgraded by UBS from Buy to Neutral
- Heineken (HEINY) downgraded by Deutsche Bank from Buy to Hold
- Equity Lifestyle (ELS) downgraded by Citigroup from Buy to Neutral
- Home Properties (HME) downgraded by Citigroup from Buy to Neutral
- Abraxas Petroleum (AXAS) downgraded by Canaccord from Buy to Hold
- Walgreens (WAG) downgraded by Macquarie from Outperform to Neutral
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