Upgrades
WAG – Walgreens initiated with Buy at UBS
BRCM – Broadcom upgraded to Buy from Neutral at Nomura
T – AT&T upgraded to Buy at Hudson Square Research
CNQR – Concur Tech upgraded to Buy at Needham
HANS – Hansen Natural initited with Buy at Jefferies
ESV – Ensco upgraded to Buy from Neutral at UBS
AL – Air Lease initiated with Outperform at Macquarie
SGNT – Sagent Pharma initiated with a Buy at Needham
Downgrades
SQNS – Sequans Communications downgraded to Hold at Needham based on valuation
TROW – T. Rowe Price downgraded to Neutral from Buy at Goldman
ASH – Ashland downgraded to Neutral from Overweight at JP Morgan
HNZ – HJ Heinz downgraded to Sell at Goldman
AMSC – Am Superconductor downgraded to Hold at Capstone
VZ – Verizon downgraded to Sell from Hold at Hudson Square because of valuation and concerns on smartphone
EXPE – Expedia downgraded to Hold from Buy at Standpoint Research
TIF – Tiffany & Co downgraded to Hold from Buy at Deutsche Bank
TAN – Price declines likely to be key message of Intersolar – Collins Stewart
NOK – Nokia downgraded to Underperform from Market Perform at Bernstein
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