• AIG (AIG) upgraded by Bernstein to Outperform from Market Perform
  • Gap (GPS) upgraded by Piper Jaffray to Overweight from Neutral
  • Norfolk Southern (NSC) upgraded by RBC Capital to Outperform from Sector Perform
  • CSX (CSX) upgraded by Atlantic Equities to Overweight from Neutral
  • Southwest (LUV) upgraded by Barclays to Overweight from Equal Weight
  • Starbucks (SBUX) upgraded by Goldman to Conviction Buy from Neutral
  • NRG Energy (NRG) upgraded by Macquarie to Outperform from Neutral
  • Biogen (BIIB) upgraded by Goldman from Neutral to Buy
  • SuperValu (SVU) upgraded by Susquehanna from Negative to Neutral



  • McDonald’s (MCD) downgraded by Goldman from Conviction Buy to Buy
  • IBM (IBM) downgraded by BofA/Merrill from Buy to Neutral
  • Novo Nordisk (NVO) downgraded by Deutsche Bank from Hold to Sell
  • United Continental (UAL) downgraded by Barclays from Overweight to Equal Weight
  • Under Armour (UAL) downgraded by Stifel Nicolaus from Buy to Hold
  • Progressive (PGR) downgraded by BofA/Merrill from Buy to Neutral
  • SanDisk (SNDK) downgraded by RBC Capital from Top Pick to Outperform
  • Tim Hortons (THI) downgraded by Goldman from Buy to Neutral
  • Jaguar Mining (JAG) downgraded by RBC Capital from Sector Perform to Underperform
  • National Interstate (NATL) downgraded by BofA/Merrill from Neutral to Underperform

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