Upgrades
NE – Noble Corp upgraded to Strong Buy from Outperform at Raymond James
PG – Procter & Gamble upgraded to Outperform from Market Perform at BMO Capital
AAPL – Apple ests raised at Ticonderoga ahead of earnings
FDO – Family Dollar upgraded to Overweight from Equal Weight at Barclays
PH – Parker-Hannifin upgraded to Buy from Hold at Jefferies
ETN – Eaton upgraded to Buy from Hold at Jefferies
CAT – Caterpillar upgraded to Buy from Neutral at Goldman
RIG – Transocean upgraded to Strong Buy from Outperform at Raymond James
CNH – CNH Global upgraded to Buy from Hold at Jefferies
JOYG – Joy Global upgraded to Buy from Hold at Jefferies
TIF – Tiffany & Co initiated with a Buy at Sterne Agee
PPG – PPG Industries upgraded to Positive from Neutral at Susquehanna
VMC – Vulcan Materials upgraded to Neutral from Sell at Goldman
DLTR – Dollar Tree downgraded to Equal Weight from Overweight at Barclays
EGP – EastGroup upgraded to Buy from Neutral at Janney Montgomery Scott
Downgrades
CMI – Cummins removed from Conviction Buy List at Goldman
AA – Alcoa downgraded to Underperform from Market Perform at First Global
AAPL – Apple downgraded to Hold from Buy at BGC Financial
AGNC – American Capital Agency downgraded to Market Perform from Outperform at JMP Securities
CREE – Cree named short Research Tactical Idea at Morgan Stanley
NAV – Navistar downgraded to Sell from Neutral at Goldman
AIXG -Aixtron ests and target lowered to $8 at Canaccord Genuity
EPB – El Paso Pipeline Partners downgraded to Underperform from Buy at BofA/Merrill
VECO – Veeco Instruments downgraded to Sell from Hold at Canaccord Genuity
IPG – Interpublic Group downgraded to Hold at Deutsche Bank
ADM – Archer-Daniels initiated with a Hold at Argus
XEC – Cimarex downgraded to Neutral from Buy at Lazard
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