Upgrades
- Ultra Petroleum (UPL) upgraded by Stifel from Hold to Buy
- Pandora (P) upgraded by FBR Capital from Market Perform to Outperform
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Downgrades
- Apple (AAPL) downgraded by Mizuho from Buy to Neutral
- Pandora (P) downgraded by Oppenheimer from Outperform to Perform
- Ramco-Gershenson (RPT) downgraded by Raymond James from Outperform to Market Perform
- W.P. Carey (WPC) downgraded by Evercore ISI from In Line to Underperform
- First Potomac (FPO) downgraded by Evercore ISI from In Line to Underperform
- Essex Property Trust (ESS) downgraded by Evercore ISI from In Line to Underperform
- SBA Communications (SBAC) downgraded by Raymond James from Strong Buy to Outperform
- American Tower (AMT) downgraded by Raymond James from Strong Buy to Outperform
- DuPont Fabros (DFT) downgraded by Baird from Outperform to Neutral
- Adobe (ADBE) downgraded by Pivotal Research from Hold to Sell
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