Upgrades
- Cenovus Energy (CVE) upgraded by Goldman from Sell to Neutral
- Nokia (NOK) upgraded by Credit Suisse from Neutral to Outperform
- Alcatel-Lucent (ALU) upgraded by Credit Suisse from Neutral to Outperform
- KPN (KKPNY) upgraded by Nomura from Neutral to Buy
- Conn’s (CONN) upgraded by Stifel from Hold to Buy
- Parkway Properties (PKY) upgraded by Stifel from Hold to Buy
- Yum! Brands (YUM) upgraded by Cowen from Market Perform to Outperform
- Rackspace (RAX) upgraded by RBC Capital from Sector Perform to Outperform
- Johnson & Johnson (JNJ) upgraded by Barclays from Equal Weight to Overweight
- Pioneer Natural (PXD) upgraded by Raymond James from Outperform to Strong Buy
- Computer Programs (CPSI) upgraded by Deutsche Bank from Sell to Hold
- Concho Resources (CXO) upgraded by Raymond James from Outperform to Strong Buy
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Downgrades
- CSC (CSC) downgraded by SunTrust from Buy to Neutral
- Cummins (CMI) downgraded by BofA/Merrill from Buy to Underperform
- Goodrich Petroleum (GDP) downgraded by Stifel from Hold to Sell
- Rex Energy (REXX) downgraded by Stifel from Hold to Sell
- Ericsson (Eric) downgraded by Credit Suisse from Neutral to Underperform
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