Upgrades
- Ulta Salon (ULTA) upgraded by Nomura from Neutral to Buy
- Rosetta Genomics (ROSG) upgraded by Cantor from Hold to Buy
- CECO Environmental (CECE) upgraded by Roth Capital from Neutral to Buy
- EMC (EMC) upgraded by Bernstein from Market Perform to Outperform
- Penn National (PENN) upgraded by JPMorgan from Neutral to Overweight
- Fleetmatics (FLTX) upgraded by Piper Jaffray from Neutral to Overweight
- Xcel Energy (XEL) upgraded by Argus from Hold to Buy
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Downgrades
- Deutsche Post (DPSGY) downgraded by Cantor from Buy to Hold
- Wayfair (W) downgraded by Goldman from Buy to Neutral
- Alcatel-Lucent (ALU) downgraded by UBS from Buy to Neutral
- Impax (IPXL) downgraded by UBS from Neutral to Sell
- Home Bancshares (HOMB) downgraded by Wunderlich from Buy to Hold
- Voya Financial (VOYA) downgraded by Raymond James from Strong Buy to Outperform
- Hain Celestial (HAIN) downgraded by Longbow from Buy to Neutral
- Zumiez (ZUMZ) downgraded by B. Riley from Buy to Neutral
- Telenor (TELNY) downgraded by Deutsche Bank from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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