Upgrades
DRI – Darden Restaurants resumed with a Buy at Goldman
PKT – Procera Networks initiated with a Outperform at Northland Securities
FFIV – F5 Networks target raised to $92 at Stifel Nicolaus
PFCB – PF Chang’s resumed with a Neutral at Goldman
EAT – Brinker resumed with a Neutral at Goldman
BMI – Badger Meter upgraded to Outperform from Market Perform at Northland Securities
BNCN – BNC Bancorp initiated with a Market Perform at Raymond James
TBNK – Territorial Bancorp initiated with an Outperform at Raymond James
DIN – DineEquity resumed with a Neutral at Goldman
NRG – NRG Energy initiated with a Buy at ISI Group
IACI – InterActiveCorp upgraded to Buy from Neutral at Goldman
WFC – Wells Fargo initiated with a Buy at BofA/Merrill
PCLN – Priceline.com initiated with a Buy at Jefferies
AGCO – AGCO Corp initiated with a Neutral at Citigroup
XRX – Xerox downgraded to Underweight from Neutral at JP Morgan
STX – Seagate Tech downgraded to Neutral from Overweight at JP Morgan
VHS – Vanguard Health Systems initiated with a Buy at CRT Capital
FRC – First Republic Bank initiated with a Buy at Cantor Fitzgerald
HUM – Humana upgraded to Outperform at Oppenheimer
HS – upgraded to Outperform at Oppenheimer
USB – U.S. Bancorp reinstated with a Buy at BofA/Merrill
PNC – PNC reinstated with a Buy at BofA/Merrill
CPN – Calpine initiated with a Buy at ISI Group
MO – BofA/Merrill reinstates coverage of the tobacco sector
Downgrades
ERIC – LM Ericsson downgraded to Sell at Danske
RAX – Rackspace downgraded to Hold at The Benchmark Company
NFLX – Netflix target lowered to $185 at Oppenheimer
NSC – Norfolk Southern downgraded to Hold from Buy at Deutsche Bank
FCX – estimates cut below consensus at Dahlman Rose ahead of earnings
ALGN – Align Tech initiated with a Neutral at Credit Suisse
QLGC – QLogic downgraded to Underweight from Neutral at JP Morgan
INTC – Intel ests and target lowered to $26 at Sterne Agee
KDN – Kaydon downgraded to Hold from Buy at BB&T
PCX – Patriot Coal downgraded to Sell from Neutral at Goldman
NDN – 99 Cents Only downgraded to Underperform from Mkt Perform at Raymond James
LXK – Lexmark downgraded to Underweight from Neutral at JP Morgan
PWER – Power-One downgraded to Market Perform from Outperform at Northland Securities
EXFO – EXFO downgraded to Hold from Buy at TD Securities
BRCD – Brocade downgraded to Underweight from Neutral at JP Morgan
CAKE – Cheesecake Factory resumed with a Sell at Goldman
NOK – Nokia downgraded to Sell at WestLB
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