Upgrades
- Alpha Natural (ANR) upgraded by UBS from Sell to Neutral
- Esterline (ESL) upgraded by Goldman from Neutral to Buy
- Team Health (TMH) upgraded by Deutsche Bank from Hold to Buy
- Independent Bank (INDB) upgraded by Guggenheim from Neutral to Buy
- Carnival (CCL) upgraded by BofA/Merrill from Neutral to Buy
- Chesapeake (CHK) upgraded by Stifel from Hold to Buy
- AOL (AOL) upgraded by Cantor from Hold to Buy
- ARM Holdings (ARMH) upgraded by Benchmark Co. from Hold to Buy
- Walgreen (WAG) upgraded by Cantor from Sell to Hold
- Oasis Petroleum (OAS) upgraded by KLR Group from Accumulate to Buy
- Wynn Resorts (WYNN) upgraded by Craig-Hallum from Hold to Buy
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Downgrades
- Thoratec (THOR,HTWR) downgraded by Goldman from Buy to Neutral
- Aetna (AET) downgraded by Goldman from Buy to Neutral
- Ixia (XXIA) downgraded by Jefferies from Buy to Hold
- Atmel (ATML) downgraded by BofA/Merrill from Buy to Neutral
- Perion Network (PERI) downgraded by Needham from Buy to Hold
- ANADIGICS (ANAD) downgraded by Craig-Hallum from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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