Upgrades
- Harley-Davidson (HOG) upgraded by Goldman from Neutral to Buy
- Rofin-Sinar (RSTI) upgraded by Longbow from Neutral to Buy
- Salix (SLXP) upgraded by UBS from Neutral to Buy
- Empire State Realty (ESRT) upgraded by Stifel from Hold to Buy
- Fly Leasing (FLY) upgraded by BofA/Merrill from Neutral to Buy
- NetEase.com (NTES) upgraded by UBS from Neutral to Buy
- Teekay Tankers (TNK) upgraded by JPMorgan from Underweight to Neutral
- IAMGOLD (IAG) upgraded by HSBC from Neutral to Overweight
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Downgrades
- Meritor (MTOR) downgraded by Goldman from Buy to Neutral
- Immune Design (IMDZ) downgraded by Jefferies from Buy to Hold
- Urban Outfitters (URBN) downgraded by Mizuho from Buy to Neutral
- Nike (NKE) downgraded by Sterne Agee from Buy to Neutral
- Ross Stores (ROST) downgraded by Canaccord from Hold to Sell
- TJX (TJX) downgraded by Canaccord from Hold to Sell
- Wal-Mart (WMT) downgraded by BMO Capital from Market Perform to Underperform
- Petrobras.a (PBR.A) downgraded by BofA/Merrill from Buy to Neutral
- SINA (SINA) downgraded by Stifel from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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