Upgrades
HANS – Hansen Natural target raised to $90 at Stifel Nicolaus
ACN – Accenture initiated with a Buy at Deutsche Bank
CTSH – Cognizant Tech initiated with a Buy at Deutsche Bank
WIT – Wipro initiated with an Underweight at Barclays
DF – Dean Foods upgraded to Outperform from Market Perform at Bernstein
WCRX – Warner Chilcott initiated with a Buy at CRT Capital
INFY – Infosys initiated with an Overweight at Barclays
OKE – ONEOK upgraded to Buy from Hold at Citigroup
AVB – AvalonBay upgraded to Buy from Hold at Deutsche Bank
AJG – Arthur J. Gallagher upgraded to Neutral from Underperform at BofA/Merrill
NFG – National Fuel Gas upgraded to Buy from Hold at Citigroup
UGI – UGI Corp upgraded to Buy from Hold at Citigroup
CAH – Cardinal Health upgraded to Positive from Neutral at Susquehanna
NLSN – Nielsen initiated with an Outperform at Raymond James
AMD – Advanced Micro upgraded to Perform at Oppenheimer
BRE – BRE Properties upgraded to Buy from Hold at Deutsche Bank
WYNN – Wynn Resorts upgraded to Outperform from Neutral at Credit Suisse
MA – MasterCard initiated with a Buy at Deutsche Bank
CHK – Chesapeake Energy upgraded to Outperform from Market Perform at Wells Fargo
V – Visa initiated with a Buy at Deutsche Bank
NGG – National Grid upgraded to Neutral from Underweight at HSBC
Downgrades
G – Genpact initiated with a Hold at Deutsche Bank
ITC – ITC Holdings downgraded to Hold from Buy at Deutsche Bank
LM – Legg Mason downgraded to Underperform from Neutral at BofA/Merrill
SNI – Scripps Networks Interactive downgraded to Neutral from Overweight at JP Morgan
VE – Veolia Environnement downgraded to Sell from Neutral at UBS
ICE – IntercontinentalExchange downgraded to Market Perform from Outperform at Keefe Bruyette
ILMN – Illumina downgraded to Neutral from Overweight at Piper Jaffray
EC – Ecopetrol downgraded to Neutral from Buy at BofA/Merrill
ONNN – ON Semiconductor resumed with Neutral from Outperform at Wedbush
CP – Canadian Pacific downgraded to Outperform
GIB – CGI Group initiated with a Hold at Deutsche Bank
IPCC – Infinity Prpty & Casualty downgraded to Underperform from Neutral at BofA/Merrill
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