Analyst Downgrades

• Intel (INTC) to neutral from overweight at Piper Jaffray.
• Boston Scientific (BSX) to underweight from neutral and Integra LifeSciences (IART) to neutral from overweight at JPMorgan.
• Tiffany (TIF), Under Armour (UA), Coach (COH), rue21 (RUE), Talbots (TLB) and Urban Outfitters (URBN) to hold from buy, as well as Aeropostale (ARO) to underperform from hold, at Jefferies.
• ArvinMeritor (ARM) to neutral from buy at Goldman.
• PG&E (PCG) to equal weight from overweight at Barclays.
• Constellation Brands (STZ) to equal weight from overweight, DryShips (DRYS) to underweight from overweight and St. Jude Medical (STJ) to underweight from equal weight at Morgan Stanley.
• Tyson Foods (TSN) to market perform from outperform at BMO Capital.

Analyst Initiations

• General Motors (GM) with a buy rating at Goldman.
• National Semiconductor (NSM) with a market perform at Wells Fargo.
• Westar Energy (WR) and Scripps Networks (SNI) with a buy, as well as LPL Investment (LPL) with a sell, at Citigroup.
• Anacor Pharmaceuticals (ANAC) with buys at Citigroup and Deutsche Bank.
• China Xiniya Fashion (XNY) with a buy at Janney Capital.