Upgrades
- Volkswagen (VLKAY) upgraded by UBS from Sell to Neutral
- AngloGold (AU) upgraded by UBS from Sell to Neutral
- Prudential (PRU) upgraded by Deutsche Bank from Hold to Buy
- Twitter (TWTR) upgraded by Wunderlich from Sell to Hold
- Super Micro Computer (SMCI) upgraded by Stifel from Hold to Buy
- Bank of the Ozarks (OZRK) upgraded by Raymond James from Outperform to Strong Buy
- Kansas City Southern (KSU) upgraded by BofA/Merrill from Neutral to Buy
- Protective Life (PL) upgraded by BofA/Merrill from Underperform to Buy
- Home Bancshares (HOMB) upgraded by Drexel Hamilton from Hold to Buy
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Downgrades
- Mechel (MTL) downgraded by Citigroup from Buy to Neutral
- Walter Investment (WAC) downgraded by Jefferies from Buy to Hold
- Nationstar (NSM) downgraded by Jefferies from Buy to Hold
- Torchmark (TMK) downgraded by BofA/Merrill from Buy to Neutral
- WWE (WWE) downgraded by Benchmark Co. from Buy to Hold
- Assurant (AIZ) downgraded by BofA/Merrill from Neutral to Underperform
- Cliffs Natural (CLF) downgraded by Macquarie from Neutral to Underperform
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