Labor companies downgraded at Merrill Lynch: Kelly Services (NASDAQ:KELYA) cut to Sell, Labor Ready (NYSE:LRW) cut to Sell, Robert Half (NYSE:RHI) cut to Neutral at Merrill Lynch.
Goldman Sachs has a coverage trade in the energy patch: Baker Hughes (NYSE:BHI) raised to BUY while Schlumberger Ltd. (NYSE:SLB) was downgraded to Neutral from Buy and EnCana (NYSE:ECA) was cut to Sell from Neutral.
Cowen started selected retail stocks as Outperform: Abercrombie & Fitch Co. (NYSE:ANF), Ann Taylor (NYSE:ANN), Bed Bath & Beyond (NASDAQ:BBBY), Chico's (NYSE:CHS), Men's Warehouse (NYSE:MW), Tiffany & Co. (NYSE:TIF), William Sonoma (NYSE:WSM). Cowen also nailed Pier 1 (NYSE:PIR) and Tuesday Morning (NASDAQ:TUES) as Underperform ratings.
For the entire set of upgrades and downgrades from
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here.
MOST NOTEWORTHY: Schering-Plough Corp (SGP), Southwest Airlines Co (LUV), Capital One Financial Corp (COF), Robert Half International Inc (RHI) and Heartland Express, Inc (HTLD) were today's more noteworthy downgrades: 
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