• Portugal Telecom (PT) upgraded by Goldman from Neutral to Conviction Buy
  • Alcatel-Lucent (ALU) upgraded by Deutsche Bank from Hold to Buy 
  • Ulta Salon (ULTA) upgraded by Jefferies from Hold to Buy 
  • Team Health (TMH) upgraded by Goldman from Neutral to Conviction Buy 
  • Panera Bread (PNRA) upgraded by Goldman from Neutral to Conviction Buy 
  • Brinker (EAT) upgraded by Goldman from Neutral to Buy
  • Brown & Brown (BRO) upgraded by Goldman from Sell to Neutral
  • Lattice Semiconductor (LSCC) upgraded by Mizuho from Neutral to Buy 
  • Niska Gas (NKA) upgraded by Wells Fargo from Market Perform to Outperform
  • Niska Gas (NKA) upgraded by Barclays from Underweight to Equal Weight
  • Universal Display (PANL) upgraded by Needham from Hold to Buy
  • Finisar (FNSR) upgraded by Lazard Capital from Neutral to Buy



  • Microsoft (MSFT) downgraded to Neutral from Buy by BofA/Merrill
  • Domino’s Pizza (DPZ) downgraded by Goldman from Conviction Buy to Buy 
  • Aruba Networks (ARUN) downgraded by UBS from Buy to Neutral 
  • lululemon (LULU) downgraded by RBC Capital from Outperform to Sector Perform
  • Allegheny Technologies (ATI) downgraded by BB&T from Buy to Hold
  • Avista (AVA) downgraded by UBS from Buy to Neutral
  • PepsiCo (PEP) downgraded by CLSA from Buy to Outperform 
  • Addus HomeCare (ADUS) downgraded by Oppenheimer from Outperform to Perform
  • Duke Energy (DUK) downgraded by Argus from Buy to Hold

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