Upgrades
- J.M. Smucker (SJM) upgraded by Goldman from Sell to Neutral
- SanDisk (SNK) upgraded by Raymond James from Outperform to Strong Buy
- Fossil (FOSL) upgraded by Citigroup from Neutral to Buy
- AmREIT (AMRE) upgraded by Jefferies from Hold to Buy
- Numerex (NMRX) upgraded by Canaccord from Hold to Buy
- Planar Systems (PLNR) upgraded by Roth Capital from Neutral to Buy
- KB Home (KBH) upgraded by UBS from Sell to Neutral
- Tiffany (TIF) upgraded by BofA/Merrill from Neutral to Buy
- Perrigo (PRGO) upgraded by RBC Capital from Outperform to Top Pick
- McGrath RentCorp (MGRC) upgraded by KeyBanc from Hold to Buy
- Flextronics (FLEX) upgraded by Argus from Hold to Buy
- Towers Watson (TW) upgraded by Stifel from Hold to Buy
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Downgrades
- Public Storage (PSA) downgraded by Jefferies from Buy to Hold
- Extra Space Storage (EXR) downgraded by Jefferies from Buy to Hold
- Sanderson Farms (SAFM) downgraded by Goldman from Buy to Neutral
- SABMiller (SBMRY) downgraded by BofA/Merrill from Buy to Neutral
- ReachLocal (RLOC) downgraded by BofA/Merrill from Buy to Underperform
- DirecTV (DTV) downgraded by Buckingham from Buy to Neutral
- Chevron (CVX) downgraded by Argus from Buy to Hold
- Allergan (AGN) downgraded by UBS from Buy to Neutral
- Gulfport Energy (GPOR) downgraded by Stifel from Buy to Hold
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