Upgrades
- Carlyle Group (CG) upgraded by BofA/Merrill from Neutral to Buy
- Abraxas Petroleum (AXAS) upgraded by Canaccord from Hold to Buy
- Houghton Mifflin (HMHC) upgraded by Stifel from Hold to Buy
- Skullcandy (SKUL) upgraded by CRT Capital from Fair Value to Buy
- Textron (TXT) upgraded by Nomura from Neutral to Buy
- Citi (C) upgraded by Keefe Bruyette from Market Perform to Outperform
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Downgrades
- Airbus (EADSY) downgraded by Goldman from Buy to Neutral
- AXA (AXAHY) downgraded by Goldman from Conviction Buy to Buy
- Telkom SA (TLKGY) downgraded by UBS from Neutral to Sell
- WuXi PharmaTech (WX) downgraded by Goldman from Conviction Buy to Neutral
- Cyberonics (CYBX) downgraded by Jefferies from Buy to Hold
- Lamar Advertising (LAMR) downgraded by Topeka from Buy to Hold
- lululemon (LULU) downgraded by Goldman from Neutral to Sell
- Darling (DAR) downgraded by Goldman from Conviction Buy to Neutral
- Host Hotels (HST) downgraded by Goldman from Neutral to Sell
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