Upgrades
Affiliated Managers (AMG) upgraded to Buy from Neutral at BofA/Merrill
Alexza Pharmaceuticals (ALXA) upgraded to Overweight from Neutral at Piper Jaffray
Atmel (ATML) upgraded to Outperform from Market Perform at FBR Capital
Dollar Tree (DLTR) upgraded to Overweight from Equal Weight at Morgan Stanley
Key Energy (KEG) upgraded to Outperform from Market Perform at FBR Capital
NewStar Financial (NEWS) upgraded to Neutral from Sell at Janney Capital
NextEra Energy (NEE) upgraded to Conviction Buy from Neutral at Goldman
Niska Gas (NKA) upgraded to Neutral from Sell at Goldman
Panera Bread (PNRA) upgraded to Market Perform from Underperform at Raymond James
SolarWinds (SWI) upgraded to Equal Weight from Underweight at Morgan Stanley
Xcel Energy (XEL) upgraded to Buy from Neutral at Goldman
Downgrades
ADT Corp. (ADT) downgraded to Underweight from Equal Weight at Morgan Stanley
AngloGold (AU) downgraded to Neutral from Outperform at Credit Suisse
Bank of the Ozarks (OZRK) downgraded to Hold from Buy at Wunderlich
Boston Scientific (BSX) downgraded to Neutral from Outperform at Credit Suisse
Casey's General Stores (CASY) downgraded to Neutral from Buy at BofA/Merrill
Caterpillar (CAT) downgraded to Neutral from Buy at Goldman
Central European Media (CETV) downgraded to Hold from Buy at Jefferies
Charles River Labs (CRL) downgraded to Sell from Neutral at Citigroup
Cigna (CI) downgraded to Neutral from Buy at Citigroup
Cubist (CBST) downgraded to Sell from Hold at Cantor
Duke Energy (DUK) downgraded to Neutral from Buy at Goldman
Eaton Vance (EV) downgraded to Underperform from Neutral at BofA/Merrill
Gold Fields (GFI) downgraded to Neutral from Outperform at Credit Suisse
Great Plains Energy (GXP) downgraded to Neutral from Buy at Goldman
H&E Equipment (HEES) downgraded to Hold from Buy at KeyBanc
Linear Technology (LLTC) downgraded to Neutral from Buy at Longbow
Northeast Utilities (NU) downgraded to Neutral from Buy at Goldman
PBF Energy (PBF) downgraded to Neutral from Outperform at Credit Suisse
Tiffany (TIF) downgraded to Neutral from Overweight at Atlantic Equities
Initiations
CARBO Ceramics (CRR) initiated with a Neutral at Goldman
Cedar Fair (FUN) initiated with a Neutral at Goldman
Eaton (ETN) initiated with an Equal Weight at Morgan Stanley
Qualcomm (QCOM) initiated with an Outperform at Northland Securities
Scorpio Tankers (STNG) initiated with a Neutral at Credit Suisse
Six Flags (SIX) initiated with a Conviction Buy at Goldman
Sucampo (SCMP) initiated with a Buy at Cantor
