Upgrades and Downgrades This Morning

Upgrades

WFM – Whole Foods upgraded to Buy from Neutral at Northcoast

WFC – Wells Fargo Q4 ests raised at Stifel

POT  – Potash upgraded to Outperform from Sector Perform at Scotia

BBT – BB&T Corp upgraded to Overweight from Equal Weight at Morgan Stanley

SAN – Banco Santander upgraded to Buy from Hold at Deutsche Bank

FOSL – Fossil upgraded to Buy at The Benchmark Company

GOOG – Google upgraded to Buy from Neutral at Citigroup

CSTR – Coinstar upgraded to Overweight from Neutral at JP Morgan

USB  – U.S. Bancorp upgraded to Overweight from Equal Weight at Morgan Stanley

ERTS – Electronic Arts upgraded to Buy from Neutral at Citigroup

NFLX – Netflix upgraded to Neutral from Negative at Susquehanna

GNW – Genworth Financial upgraded to Buy from Neutral at Citigroup

ARUN – Aruba Networks upgraded to Outperform from Sector Perform at Pacific Crest

PETM – PETsMART initiated with a Buy at Needham

MGI – Moneygram initiated with an Outperform at Wells Fargo

TROW – T. Rowe Price upgraded to Buy at Ticonderoga

FL – Foot Locker upgraded to Buy from Neutral at UBS

UMPQ – Umpqua Holdings target raised to $13 at Stifel Nicolaus

GILD – Gilead Sciences added to Conviction Buy List at Goldman

CRM – Salesforce.com upgraded to Buy at Needham

NTSP – NetSpend initiated with an Outperform at Keefe Bruyette

MGI – Moneygram initiated with a Buy at BofA/Merrill

VZ – Verizon upgraded to Buy from Neutral at UBS

AVL – Avalon Rare Metals initiated with a Buy at Citigroup

GDOT – Green Dot initiated with an Outperform at Keefe Bruyette

WYNN – Wynn Resorts upgraded to Buy from Hold at Keybanc

PVR – Penn Virginia initiated with a Buy at BofA/Merrill

BRE – BRE Properties upgraded to Outperform from Sector Perform at RBC Capital

Downgrades 

JPM – JPMorgan Chase ests lowered at Stifel

C – Citigroup downgraded to Equal Weight from Overweight at Morgan Stanley

BK –  downgraded to Underweight from Equal Weight at Morgan Stanley

AXP – American Express downgraded to Equal Weight from Overweight at Morgan Stanley

R – Ryder System downgraded to Neutral from Buy at Suntrust

EV – Eaton Vance downgraded to Underperform from Neutral at Credit Suisse

AEM – Agnico-Eagle Mines downgraded to Hold from Buy at Canaccord Genuity

K – Kellogg downgraded to Market Perform from Outperform at BMO Capital

HME – Home Properties downgraded to Sector Perform from Outperform at RBC Capital

RIMM – Research In Motion downgraded to Neutral from Buy at Sterne Agee

NJR – NJ Resources resumed with a Hold at Brean Murray

MOS – Mosaic downgraded to Hold from Buy at Canaccord Genuity

STT – State Street downgraded to Underweight from Equal Weight at Morgan Stanley

ERIC – LM Ericsson downgraded to Hold from Buy at Societe Generale

LSTR – Landstar System downgraded to Neutral from Buy at Suntrust

ILMN – Illumina downgraded to Underperform from Neutral at Macquarie

AEGN – Aegion initiated with a Neutral at Ladenburg Thalmann

HSTM – Healthstream downgraded to Equal Weight from Overweight at First Analysis

CCG – Campus Crest Communities downgraded to Sector Perform from Outperform at RBC Capital

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