Upgrades
MGM – MGM Resorts upgraded to Outperform from Market Perform at Bernstein
MWV – Specialty Packaging sector upgraded to Attractive from Neutral at Goldman
UHS – Universal Health upgraded to Outperform from Market Perform at Leerink Swann
ARUN – Aruba Networks upgraded to Outperform at Wedbush
CLF – Cliffs Natural Resources initiated with a Buy at UBS
LULU – Lululemon athletica upgraded to Neutral from Reduce at Nomura
AV – Aviva initiated with a Buy at Collins Stewart
SPSC – SPS Commerce initiated with a Outperform at Barrington Research
WIFI – Boingo Wireless initiated with an Outperform at William Blair
RPXC – RPX initiated with an Outperform at Cowen
UA – Under Armour upgraded to Buy from Neutral at Sterne Agee
FCF – First Commonwealth upgraded to Buy from Neutral at Sterne Agee
PEG – Public Service upgraded to Buy from Neutral at Goldman
RIG – Transocean upgraded to Buy at Argus
WNC – Wabash Natl upgraded to Overweight
GXP – Great Plains Engy upgraded to Buy from Neutral at Goldman
KMX – CarMax upgraded to Buy from Hold at BGB Securities
FR – First Ind. Rlty upgraded to Market Perform from Underperform at BMO Capital
R – Ryder System upgraded to Buy at KeyBanc Capital Mkts
TTMI – TTM Tech upgraded to Strong Buy at Needham
BEXP – Brigham Exploration upgraded to Buy from Neutral at SunTrust
AONE – A123 Systems early strength attributed to tier 1 firm upgrade
Downgrades
FCS – Fairchild Semi and Diodes Downgraded to Neutral from Outperform at Robert Baird
BMS – Bemis downgraded to Sell from Neutral at Goldman
GIL – Gildan Activewear initiated with Neutral at Goldman
NSTC – Ness Tech downgraded to Neutral from Positive at Susquehanna
SRE – Sempra Energy downgraded to Neutral from Buy at Goldman
RENN – Renren initiated with a Hold at Deutsche Bank
TAP – Molson Coors Brewing downgraded to Hold at Stifel Nicolaus
MJN – Mead Johnson Nutrition initiated with Outperform at William Blair
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