Analyst Calls: ALTR, ATHN, C, CCL, HD, JBLU, LUV, MSFT, RCL ...

Analyst Upgrades

Goldman upgraded Citigroup (C) to conviction buy from buy, Principal Financial (PFG) to buy from neutral, and Stancorp Financial (SFG) and Hartford Financial (HIG) to neutral from sell.
JetBlue (JBLU) was upgraded to overweight from neutral at JPMorgan.
Barclays upgraded Royal Caribbean (RCL) and Carnival (CCL) upgraded to overweight from equal weight.
Hollysys Automation (HOLI) was upgraded to buy from hold at Roth Capital.
RBC Capital upgraded Alliance Data Systems (ADS) to outperform from sector perform.
RRI Energy (RRI) was upgraded to buy from hold at Citigroup.

Analyst Downgrades

FBR Capital downgraded Microsoft (MSFT) and Home Depot (HD) to market perform from outperform.
Ansys (ANSS) and Athenahealth (ATHN) were downgraded to hold from buy at Jefferies. Athenahealth was also downgraded to sell from hold at Citigroup.
Applied Signal (APSG) was downgraded to neutral from buy at Merriman.
JPMorgan downgraded Mentor Graphics (MENT) and Southwest (LUV) to neutral from overweight.
Weatherford (WFT) was downgraded to neutral from outperform at Credit Suisse.
Orion Marine (ORN) was downgraded to hold from buy at BB&T.
Deutsche Bank downgraded IPC The Hospitalist Co. (IPCM) to hold from buy.
Parexel (PRXL) was downgraded to perform from outperform at Oppenheimer.
Goldman downgraded Lincoln National (LNC) to neutral from buy and Protective Life (PL) to sell from neutral.
Calamos (CLMS) was downgraded to neutral from buy at BofA/Merrill.

Analyst Initiations

Deutsche Bank initiated Altera (ALTR) with a hold rating and Xilinx (XLNX) with a buy.
Government Properties (GOV) was initiated at neutral at Janney Montgomery.
Rock-Tenn (RKT) was initiated with a buy rating at Goldman.

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