Upgrades
TUDO – Tudou initiated with a Buy at Deutsche Bank
TX – Ternium S.A. upgraded to Buy from Neutral at Goldman
MLHR – Herman Miller upgraded to Strong Buy from Outperform at Raymond James
PNM – PNM Resources upgraded to Outperform from Market Perform at Wells Fargo
NVLS – Novellus upgraded to Neutral from Negative at Susquehanna
ABVT – Abovenet upgraded to Strong Buy from Outperform at Raymond James
OXY – Occidental Petro upgraded to Buy from Hold at Citigroup
GMCR – Green Mtn Coffee initiated with a Buy at Argus
ELT – Elster initiated with an Equal Weight at Morgan Stanley
GXP – Great Plains Engy added to Conviction Buy List at Goldman
RRTS – Roadrunner Transportation reinstated with a Buy at BB&T
NFLX – Netflix upgraded to Buy from Neutral at Merriman
NVE – NV Energy upgraded to Buy from Neutral at Goldman
AMD – Advanced Micro upgraded to Buy from Neutral at UBS
FWLT – Foster Wheeler upgraded to Outperform from Market Perform at BMO Capital
EL – Estee Lauder upgraded to Buy at Stifel Nicolaus
ALKS – Alkermes upgraded to Buy from Hold at Jefferies
ROSS – Ross Stores target raised to $92 at Ticonderoga
NVLS – Novellus upgraded to Neutral from Negative at Susquehanna
EXPE – Expedia upgraded to Overweight from Neutral at Piper Jaffray
UTX – United Tech upgraded to Overweight from Equal Weight at Morgan Stanley
Downgrades
FCX – Freeport-McMoRan tgt cut to $54 at Stifel
GR – Goodrich downgraded to Equal Weight from Overweight at Morgan Stanley
EE – El Paso Electric downgraded to Neutral from Buy at Goldman
ITRI – Itron initiated with an Overweight at Morgan Stanley
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