Upgrades
PCLN – Priceline.com initiated with a Outperform at Wedbush
SUN – Sunoco upgraded to Neutral from Sell at Goldman
CSCO – Cisco Systems upgraded to Sector Perform from Underperform at RBC Capital
LVS – Las Vegas Sands target raised to $60 at Stifel Nicolaus
RPM – RPM Inc upgraded to Neutral from Underperform at Credit Suisse
EXPE – Expedia initiated with a Outperform at Wedbush
AOS – A.O. Smith initiated with a Buy at Lazard
SXL – Sunoco Logistics upgraded to Outperform at RBC Capital Mkt
AL – Air Lease initiated with a Buy at Deutsche Bank
TWX – Time Warner upgraded to Buy at Caris
VECO – Veeco Instruments initiated with a Hold at ThinkEquity
KKR – KKR initiated with an Overweight at Barclays
ALLT – Allot Comms initiated with a Outperform at Wedbush
LRCX – Lam Research initiated with Outperforms at Credit Agricole
AER – AerCap initiated with a Buy at Deutsche Bank
CVD – Covance initiated with a Buy at Citigroup
AMAT – Applied Materials initiated with Outperforms at Credit Agricole
ETP – Energy Transfer upgraded to Outperform from Sector Perform at RBC Capital
BIIB – Biogen Idec upgraded to Buy from Neutral at UBS
PPDI – PPD Inc. initiated with a Buy at Citigroup
Downgrades
SYNT – Syntel initiated with a Negative at Susquehanna
SNY – Sanofi-Aventis downgraded to Neutral from Outperform at Credit Suisse
GLW – Corning target lowered to $24 at Sterne Agee
NLC – Nalco downgraded to Underperform from Neutral at Credit Suisse
MHK – Mohawk target lowered to $70 at Ticonderoga
DB – Deutsche Bank upgraded to Buy from Add at WestLB
CRL – Charles River initiated with a Hold at Citigroup
MCHP – Microchip initiated with a Neutral at Mizuho
GSM – Globe Specialty Metals initiated with a Hold at KeyBanc Capital Mkts
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