Upgrades
- Kayne Anderson (KED) upgraded by Stifel from Hold to Buy
- Endurance Specialty (ENH) upgraded by Janney Capital from Neutral to Buy
- Time Warner (TWX) upgraded by Guggenheim from Neutral to Buy
- Time Warner (TWX) upgraded by Janney Capital from Neutral to Buy
- SM Energy (SM) upgraded by Guggenheim from Neutral to Buy
- International Game (IGT) upgraded by Goldman from Sell to Neutral
- Allegiant Travel (ALGT) upgraded by CRT Capital from Fair Value to Buy
- First Republic Bank (FRC) upgraded by Raymond James from Outperform to Strong Buy
- EnerNOC (ENOC) upgraded by Needham from Buy to Strong Buy
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Downgrades
- Rexam (REXMY) downgraded by Deutsche Bank from Buy to Hold
- GNC Holdings (GNC) downgraded by Jefferies from Buy to Hold
- Covidien (COV) downgraded by Needham from Buy to Hold
- GNC Holdings (GNC) downgraded by Jefferies from Buy to Hold
- International Game (IGT) downgraded by Wells Fargo from Outperform to Market Perform
- International Game (IGT) downgraded by BMO Capital from Outperform to Market Perform
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