Upgrades
LLY – Eli Lilly upgraded to Buy from Hold at Hapoalim
GDOT – Green Dot initiated with a Hold at Citigroup
AVP – Avon Products 1Q11 preview; perceived as a value trap – RBC Capital Mkts
INFA – Informatica target raised to $60 at Wedbush
FWRD – Forward Air upgraded to Overweight at boutique firm
HCA – HCA initiated with a Buy at Citigroup
GR – Goodrich upgraded to Outperform at Wedbush
Downgrades
TEVA – Teva Pharma downgraded to Market Perform from Outperform at First Global
AMX – America Movil SA downgraded to Sector Perform from Outperform at Scotia
COG – Cabot Oil & Gas downgraded to Hold at Stifel Nicolaus
EXL – Excel Trust downgraded to Neutral from Buy at UBS
CRU – Crude Carriers downgraded to Underperform from Outperform at Wells Fargo
SFSF – SuccessFactors downgraded to Market Perform from Outperform at JMP Securities
BOX – SeaCube Container Leasing initiated with a Buy at Sterne Agee – tgt $20
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