Upgrades
- SandRidge Permian (PER) upgraded by Raymond James from Market Perform to Outperform
- Macerich (MAC) upgraded by BMO Capital from Market Perform to Outperform
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Downgrades
- Qihoo 360 (QIHU) downgraded by Credit Suisse from Outperform to Neutral
- Tim Hortons (THI) downgraded by Longbow from Buy to Neutral
- InterMune (ITMN) downgraded by JPMorgan from Overweight to Neutral
- InterMune (ITMN) downgraded by JMP Securities from Outperform to Market Perform
- Arcos Dorados (ARCO) downgraded by BofA/Merrill from Buy to Neutral
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Upgrades & Downgrades provided by Theflyonthewall.com 
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