Upgrades
REE – Rare Element initiated with a Buy at Global Hunter Securities
CAVM – Cavium Networks upgraded to Buy from HYold at Gleacher
CSCO – Goldman upgrades Cisco to a buy
RES – RPC upgraded to Accumulate at Global Hunter Securities
GPS – Gap upgraded to Buy from Hold at Jefferies
LVLT – Level 3 upgraded to Market Perform from Underperform at Raymond James
EQIX – Equinix target raised to $130 from $120 at Stifel Nicolaus
REGN – Regeneron Pharms upgraded to Outperform at RBC Capital Mkts
SODA – SodaStream target raised to $80 at Oppenheimer
SPG – Simon Properties target raised to $130 from $120 at Stifel Nicolaus
CEO – CNOOC Ltd upgraded to Buy from Neutral at UBS
TUP – Tupperware upgraded to Buy from Above Average at Caris
CROX – Crocs target raised to $35 from $30 at Stifel Nicolaus
ACW – Accuride upgraded to Buy at BTIG
Downgrades
HES – Hess downgraded to Market Perform at Howard Weil
LRCX – Lam Research target lowered to $60 from $64 at Stifel Nicolaus
AKS – AK Steel downgraded to Neutral from Positive at Susquehanna
UBS – UBS AG downgraded to Neutral from Buy at Rochdale
GG – Goldcorp downgraded to Buy from Action List Buy at TD Newcrest
CCMP – Cabot Micro downgraded to Neutral from Buy at Longbow
DEST – Destination Maternity downgraded to Neutral from Buy at Sterne Agee
TQNT – TriQuint Semi target lowered to $10 from $14 at Northland Securities
KNX – Knight Transportation downgraded to Neutral from Buy at Sterne Agee
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