Upgrades
- Norsk Hydro (NHYDY) upgraded by UBS from Sell to Neutral
- BNP Paribas (BNPQY) upgraded by Jefferies from Underperform to Hold
- National Grid (NGG) upgraded by Deutsche Bank from Sell to Hold
- CF Industries (CF) upgraded by Credit Suisse from Neutral to Outperform
- Columbia Sportswear (COLM) upgraded by Citigroup from Neutral to Buy
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Downgrades
- Consolidated Edison (ED) downgraded by UBS from Neutral to Sell
- Total System (TSS) downgraded by Goldman from Neutral to Sell
- BlackBerry (BBRY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Beacon Roofing (BECN) downgraded by KeyBanc from Buy to Hold
- Pool Corp. (POOL) downgraded by KeyBanc from Buy to Hold
- Denbury Resources (DNR) downgraded by Wunderlich from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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