Upgrades and Downgrades for Tuesday, 4/23


  • Caterpillar (CAT) upgraded by JPMorgan from Neutral to Overweight 
  • Morgan Stanley (MS) upgraded by SunTrust from Neutral to Buy 
  • Newcrest Mining (NCMGY) upgraded by Citigroup from Sell to Neutral
  • Invesco (IVZ) upgraded by JPMorgan  from Neutral to Overweight 
  • Bank of America (BAC) upgraded by Morgan Stanley from Equal Weight to Overweight  
  • ArcelorMittal (MT) upgraded by Nomura from Neutral to Buy 
  • Ecopetrol (EC) upgraded by Citigroup from Sell to Neutral
  • Toll Brothers (TOL) upgraded by Barclays from Underweight to Overweight 
  • Informatica (INFA) upgraded by Credit Suisse from Underperform to Neutral
  • Veeco (VECO) upgraded by Oppenheimer from Perform to Outperform
  • Woodward (WWD) upgraded by Maxim from Hold to Buy


  • Sempra Energy (SRE) downgraded by ISI Group from Buy to Neutral
  • Power-One (PWER) downgraded by Jefferies from Buy to Hold
  • Western Union (WU) downgraded by Citigroup from Buy to Neutral
  • Bankrate (RATE) downgraded by Goldman from Neutral to Sell 
  • Yum! Brands (YUM) downgraded by BofA/Merrill from Buy to Underperform
  • Sallie Mae (SLM) downgraded by Evercore from Overweight to Equal Weight 
  • Oil States (OIS) downgraded by RBC Capital from Outperform to Sector Perform
  • American Electric (AEP) downgraded by SunTrust from Buy to Neutral 
  • Rogers Communications (RCI) downgraded by Credit Suisse from Outperform to Neutral


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