Upgrades
H- Hyatt Hotels upgraded to Outperform at FBR Capital
NSC – Norfolk Southern upgraded to Buy from Hold at BB&T; tgt $80
SCCO – Southern Copper upgraded to Buy from Hold at Societe Generale
AONE – A123 Systems upgraded to Buy from Neutral at Goldman
OZRK – Bank oA123 Systems upgraded to Buy from Neutral at Goldmanf the Ozarks initiated with a Market Perform at Raymond James
PCG – PG&E upgraded to Outperform from Neutral at Credit Suisse
MANH – Manhattan Assoc: The Benchmark Company discusses recent takeover speculation; sees $36-$41 per share takeout price
Downgrades
IRM – Iron Mountain downgraded to Hold from Buy at Citigroup
KFT – Kraft Foods trading lower; weakness attributed to tier 1 firm downgrade
TOT – Total S.A. downgraded to Underperform from Neutral at Credit Suisse
INFY – Infosys downgraded to Neutral from Outperform at Credit Suisse
SNP – initiated with a Hold at Jefferies
GPC – Genuine Parts poor-quality 1Q11A; likelihood of EPS upside for USTR – FBR Capital Markets
RIG – Transocean ests lowered at Stifel Nicolaus following April fleet status update
ESLR – Evergreen Solar downgraded to Sell from Hold at Citigroup
MRVL – Marvell downgraded to Neutral from Positive at Susquehanna
GPS – Gap Marvell downgraded to Neutral from Positive at Susquehannadowngraded to Sell from Neutral at Goldman
CE – Celanese downgraded to Neutral from Buy at UBS
KNL – Knoll downgraded to Market Perform from Strong Buy at Raymond James
THOR – Thoratec upgraded to Buy at Lazard
GNK – Genco Shipping & Trading downgraded to Sell from Hold at Citigroup
CEO – CNOOC Ltd initiated with an Underperform at Jefferies
BMC – BMC Software downgraded to Hold from Buy at Citigroup
CIM – Chimera Investment downgraded to Market Perform from Outperform at Keefe Bruyette
BBY – Best Buy downgraded to Hold at KeyBanc Capital Mkts
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