Upgrades
- Dell (DELL) upgraded by JP Morgan from Underweight to Overweight
- Imperial Tobacco (ITYBY) upgraded by Nomura from Reduce to Neutral
- Novo Nordisk (NVO) upgraded by Collins Stewart from Sell to Hold
- Infineon (IFNNY) upgraded by Jefferies from Hold to Buy
- UniSource Energy (UNS) upgraded by Jefferies from Hold to Buy
- Concur (CNQR) upgraded by UBS from Neutral to Buy
- Franklin Resources (BEN) upgraded by JP Morgan from Underweight to Neutral
- Radware (RDWR) upgraded by RBC Capital from Sector Perform to Outperform
- Open Text (OTEX) upgraded by Stifel Nicolaus from Hold to Buy
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Downgrades
- NutriSystem (NTRI) downgraded by Wedbush from Outperform to Neutral
- NASDAQ OMX (NDAQ) downgraded by Raymond James from Strong Buy to Outperform
- Northrop Grumman (NOC) downgraded by BofA/Merrill from Neutral to Underperform
- Autoliv (ALV) downgraded by Societe Generale from Buy to Hold
- Autoliv (ALV) downgraded by Citigroup from Buy to Sell
- Vanguard Health (VHS) downgraded by Wells Fargo from Outperform to Market Perform
- AK Steel (AKS) downgraded by BofA/Merrill from Neutral to Underperform
- Hudson Valley (HVB) downgraded by Macquarie from Outperform to Neutral
- Edwards Lifesciences (EW) downgraded by Credit Suisse from Outperform to Neutral
- NYSE Euronext (NYX) downgraded by BMO Capital from Outperform to Market Perform
- Brookfield Infrastructure (BIP) downgraded by TD Securities from Buy to Hold
- Franklin Resources (BEN) downgraded by CLSA from Outperform to Underperform
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Upgrades & Downgrades provided by TheFlyOnTheWall.com
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