Upgrades
KEX – Kirby Corp upgraded to Buy at Stifel Nicolaus
PNG – PAA Natural Gas Storage upgraded to Buy from Neutral at UBS
JPM – JPMorgan Chase upgraded to Buy at Stifel Nicolaus
AGNC – American Capital Agency initiated with an Outperform at Wells Fargo
NRGY – Inergy upgraded to Buy from Neutral at UBS
CAVM – Cavium Networks upgraded to Outperform from Market Perform at JMP Securities
AYR – Aircastle initiated with an Overweight at Barclays
LMT – Lockheed Martin upgraded to Neutral from Sell at Goldman
SODA – SodaStream initiated with a Buy at Janney Montgomery Scott
Downgrades
DOW – Dow Chemical upgraded to Outperform at Credit Agricole
GS – Goldman Sachs initiated with an Equal Weight at Morgan Stanley
FDX – FedEx downgraded to Sector Perform from Outperform at RBC Capital
HSP – Hospira downgraded to Equal Weight from Overweight at Barclays
BP – BP target lowered to $55 at The Benchmark Company
NGG – National Grid downgraded to Neutral from Buy at UBS
HCA – HCA downgraded to Neutral from Outperform at Cowen
MLM – Martin Marietta downgraded to Sell from Hold at Citigroup
DLB – Dolby Labs initiated with a Neutral at Merriman
SWI – SolarWinds downgraded to Underweight from Equal Weight at Morgan Stanley
NETL – NetLogic downgraded to Neutral from Buy at UBS
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