UPGRADES:
* Bed Bath and Beyond (BBBY) to buy: Canaccord Genuity
* Campbell Soup (CPB) to conviction buy: Goldman Sachs
* Copano Energy (CPNO) to neutral: Global Hunter
* ConocoPhillips (COP) to buy: SocGen
* EOG Resources (EOG) to outperform: Raymond James
* Fiserv (FISV) to overweight: JPMorgan
* Google (GOOG) to overweight: Morgan Stanley
* Heartland Payment (HPY) to overweight: JPMorgan
* International Paper (IP) to outperform: Credit Suisse
* JM Smucker (SJM) to buy: Goldman Sachs
* Packaging Corp. (PKG) to outperform: Credit Suisse
* Pembina Pipeline (PBA) to sector outperformer: CIBC
* Rock-Tenn (RKT) to outperform: Credit Suisse
* Ross Stores (ROST) to overweight: Piper Jaffray
* Solazyme (SZYM) to outperform: Raymond James
* SunOpta (STKL) to buy: Desjardins Capital
* Stoneridge (SRI) to buy: B. Riley
* Sprint Nextel (S) to buy: BofA Merrill
* Spreadtrum (SPRD) to hold: Jefferies
* Tranzyme Pharma (TZYM) to buy: Canaccord Genuity
* Virtusa (VRTU) to overweight: JPMorgan
* WNS Holdings (WNS) to neutral: JPMorgan
DOWNGRADES:
* Aviva (AV) to neutral: Exane
* ACI Worldwide (ACIW) to neutral: Wedbush
* Broadridge Financial (BR) to neutral: JPMorgan
* Cardtronics (CATM) to neutral: JPMorgan
* Coca-Cola (KO) to neutral: Goldman Sachs
* Exlservice (EXLS) to neutral: JPMorgan
* First Solar (FSLR) to sell: DNB Markets
* GlaxoSmithKline (GSK) to hold: Jefferies
* Global Payments (GPN) to neutral: JPMorgan
* Infineon Tech. (IFX) to neutral: Citigroup
* JC Penney (JCP) to neutral: Piper Jaffray
* KBR Inc. (KBR) to buy: Lazard Capital
* Liberty Media (LINTA) to equalweight: Morgan Stanley
* NextEra Energy (NEE) to hold: Argus Research
* Pandora Media (P) to equalweight: Morgan Stanley
* Robbins & Myers (RBN) to neutral: Robert Baird
* Sagent Pharma (SGNT) to equalweight: Morgan Stanley
* Syntel (SYNT) to neutral: JPMorgan
* Thompson Creek (TC) to underperform: Macquarie
* Time Warner (TWX) to average: Caris
* Veeco (VECO) to hold: Deutsche Bank
* Vanceinfo Technologies (VIT) to neutral: Roth Capital
* Western Union (WU) to neutral: JPMorgan
* Wright Express (WXS) to underweight: JPMorgan
INITIATIONS:
* Cummins (CMI) equalweight: Morgan Stanley
* Durata Therapeutics (DRTX) buy: BofA Merrill
* Durata Therapeutics (DRTX) outperform: RBC Capital
* Five Below (FIVE) equalweight: Barclays
* Five Below (FIVE) market perform: Wells Fargo
* Five Below (FIVE) buy: Jefferies
* Five Below (FIVE) neutral: Credit Suisse
* Five Below (FIVE) neutral: Goldman Sachs
* Five Below (FIVE) neutral: UBS
* Michael Kors (KORS) overweight: Barclays
* Silicon Motion (SIMO) buy: Deutsche Bank
* SodaStream (SODA) hold: Canaccord Genuity
* Volterra (VLTR) buy: Deutsche Bank