Upgrades
NVE – NV Energy initiated with a Buy at Williams Capital Group
DRE – Duke Realty upgraded to Outperform from Sector Perform at RBC Capital
PLD -ProLogis upgraded to Buy from Neutral at UBS
PNW – Pinnacle West initiated with a Buy at Williams Capital Group
DFS – Discover Financial Services upgraded to Outperform from Neutral at Macquarie
WY – Weyerhaeuser initiated with Outperform at Keefe Bruyette
FENG – Phoenix New Media Limited initiated with Outperform at Cowen
PGR – Progressive upgraded to Buy at Ticonderoga
WSO – Watsco upgraded to Neutral from Underweight at Piper Jaffray
ENDP – Endo Pharm resumed with Overweight at JPMorgan
NGL – NGL Energy Partners initiated with an Outperform at Wells Fargo
IPI – Intrepid Potash upgraded to Outperform at Credit Agricole
UA – Under Armour target raised to $75 at FBR Capital on higher estimates
BIIB – Biogen Idec upgraded to Buy from Hold at Deutsche Bank
Downgrades
RIMM – Research In Motion downgraded to Neutral at Credit Suisse
NBR – Nabors Industries downgraded to Mkt Perform from Strong Buy at Raymond James
CRM – Salesforce.com initiated with Neutral at JP Morgan
POR – Portland Gen Elec initiated with a Hold at Williams Capital Group
WYNN – Wynn Resorts initiated with Fair Value at CRT Capital
GPS – Gap downgraded to Neutral from Outperform at Cowen
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