UPGRADES:
* Aeropostale (ARO) raised to overweight: Piper Jaffray
* CBL & Associates (CBL) raised to overweight: Barclays
* Central Valley (CVCY) raised to outperform: Raymond James
* Cypress Semiconductor (CY) raised to hold: Cantor
* Gardner Denver (GDI) raised to outperform: Credit Suisse
* Genon Energy (GEN) raised to outperform: Macquarie
* Illumina (ILMN) raised to outperform: Leerink Swann
* Luminex (LMNX) raised to outperform: Leerink Swann
* Microsoft (MSFT) raised to buy: Hilliard Lyons
* Mosaic (MOS) raised to buy: Citi
* Onyx Pharmaceuticals (ONXX) raised to buy: Jefferies
* Whiting Petroleum (WLL) raised to positive: Susquehanna
DOWNGRADES:
* Akorn (AKRX) cut to hold: Deutsche Bank
* AMTI (AMTI) cut to sell: UBS
* Associated Estates (AEC) cut to hold: Jefferies
* CounterPath Corp (CPAH) cut to sector perform: National Bank
* Cubist Pharmaceuticals (CBST) cut: Caris & Co.
* Deckers Outdoor (DECK) cut: Sterne, Agee & Leach
* EADS (EADS) cut to sector perform: RBC Capital
* EastGroup Properties (EGP) cut to hold: Wunderlich Securities
* Extra Space Storage (EXR) cut to hold: ISI Group
* Hexcel (HXL) cut to sector perform: RBC Capital
* Kinross (K) cut to neutral: Macquarie
* LaSalle (LHO) cut to neutral: Goldman
* Marriott (MAR) removed from conviction buy list: Goldman
* Penn National Gaming (PENN) cut to hold: KeyBanc
* Silver Wheaton (SLW) cut to neutral: Macquarie
* Textron (TXT) cut to sector perform: RBC Capital
* Verisign (VRSN) cut to neutral: Citi
* Walgreen (WAG) cut to neutral: UBS
* Wintrust Financial (WTFC) cut to neutral: Macquarie
INITIATIONS:
* Apricus Biosciences (APRI) initiated: Ascendiant Captial
* AT&T (T) new hold: Oracle Investment
* Cinemark (CNK) new neutral: Goldman
* EQT Midstream (EQM) new hold: Deutsche Bank
* EQT Midstream (EQM) new overweight: Barclays
* EQT Midstream (EQM) new overweight: JPMorgan
* Exa Corp (EXA) new buy: Canaccord
* Exa Corp (EXA) new buy: Needham
* Exa Corp (EXA) new outperform: Baird
* Imax (IMAX) new buy: Goldman
* Regal (RGC) new neutral: Goldman
* Tesaro (TSRO) new outperform: Baird
* Tesaro (TSRO) new outperform: Leerink Swann
* Verizon (VZ) new hold: Oracle Investment