- Goldman upgraded CSX (CSX) to neutral from sell.
- General Cable (BGC) was upgraded to buy from hold at KeyBanc.
- Morgan Stanley upgraded Chart Industries (GTLS) and Dresser Rand (DRC) to overweight from equal weight.
- Blackrock (BLK) was upgraded to outperform from neutral at Macquarie.
- Credit Suisse upgraded Zions Bancorp (ZION) to neutral from underperform and GameStop (GME) to outperform from neutral.
- Honeywell (HON) was upgraded to outperform from sector perform at RBC Capital.
- Panera Bread (PNRA) was upgraded to buy from neutral at SunTrust.
Analyst Downgrades
- Human Genome (HGSI) was downgraded to hold from buy at Citigroup and to underperform from buy at BofA/Merrill.
- BofA/Merrill also downgraded ViaSat (VSAT) and DigitalGlobe (DGI) to underperform from neutral.
- Goldman downgraded Norfolk Southern (NSC) to sell from neutral.
- Advanced Micro (AMD) was downgraded to market perform from outperform at JMP Securities.
- Dick's Sporting (DKS) was downgraded to hold from buy at Needham.
- KeyCorp (KEY) and First Solar (FSLR) were downgraded to neutral from outperform at Credit Suisse, which also downgraded JA Solar (JASO) and Suntech (STP) to underperform from neutral.
- Morgan Stanley downgraded Patterson-UTI (PTEN) to underweight from overweight.
- The Buckle (BKE) was downgraded to neutral from buy at Roth Capital.
Analyst Initiations
- Wells Fargo initiated Kronos Worldwide (KRO) with an outperform rating.
- Dril-Quip (DRQ) was initiated as a buy at Global Hunter.
- SourceFire (FIRE) was initiated as a buy at Noble Financial.
- Bon-Ton Stores (BONT) was initiated at hold at KeyBanc.
- Spansion (CODE) initiated with a buy rating at Auriga.
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