Upgrades and Downgrades This Morning

Upgrades

MHP – McGraw-Hill upgraded to Buy at Argus

INXN – InterXion initiated with a Buy at Stifel Nicolaus

ACI – Arch Coal upgraded to Buy from Hold at Deutsche Bank

NOG – Northern Oil & Gas initiated with a Market Perform at BMO Capital

GNOM – Complete Genomics initiated with an Outperform at Mizuho

ONXX – Onyx Pharma upgraded to Buy from Neutral at Goldman

SPIL – Siliconware Precision upgraded to Buy from Underperform at BofA/Merrill

ARX – Aeroflex added to Conviction Buy List at Goldman

CBRL – Cracker Barrel upgraded to Outperform from Market Perform at Raymond James

HMIN – Home Inns initiated with an Outperform at William Blair

KOG – Kodiak Oil & Gas initiated with a Outperform at Oppenheimer

GIII – G-III Apparel upgraded to Buy at Stifel Nicolaus

NCR – NCR Corp initiated with a Outperform at Oppenheimer

FMBI – First Midwest Banc upgraded to Buy from Neutral at Sterne Agee

AMAT – Applied Materials upgraded to Outperform at Oppenheimer

HSNI – HSN initiated with a Buy at Wunderlich

CL – Colgate-Palmolive upgraded to Buy from Neutral at BofA/Merrill

XEC – Cimarex initiated with a Perform at Oppenheimer

Downgrades

ILMN – Illumina downgraded to Market Perform from Outperform at Leerink Swan

SMG – Scotts Miracle-Gro downgraded to Neutral from Buy at BofA/Merrill

CENT – Central Garden downgraded to Neutral from Buy at Suntrust

CAG – ConAgra downgraded to Neutral from Buy at Goldman

EL – Estee Lauder upgraded to Buy from Neutral at BofA/Merrill

PG – Procter & Gamble downgraded to Neutral from Buy at BofA/Merrill

LNKD – LinkedIn initiated with a Hold at Argus

UTHR – United Therapeutics downgraded to Neutral from Buy at Goldman

DOLE – Dole Food upgraded to Overweight from Neutral at JP Morgan

LIFE – Life Technologies downgraded to Market Perform from Outperform at Leerink Swann

GPC – Genuine Parts downgraded to Underperform from Buy at BofA/Merrill