UPGRADES:
* American Electric Power (AEP) to buy: ISI Group
* American Electric Power (AEP) to buy: BofA Merrill
* Allscripts Healthcare (MDRX) to overweight: JPMorgan
* Baker Hughes (BHI) to buy: SocGen
* Beazer Homes (BZH) to overweight: JPMorgan
* Cisco (CSCO) to overweight: Piper Jaffray
* Endologix (ELGX) to overweight: Piper Jaffray
* Fuel Systems (FSYS) to buy: ThinkEquity
* Huntington Ingalls (HII) to buy: Drexel Hamilton
* Inter Parfums (IPAR) to above avg.: Caris
* Interpublic Group (IPG) to buy: Nomura
* IntraLinks (IL) to buy: Craig-Hallum
* KB Home (KBH) to overweight: JPMorgan
* OraSure Technologies (OSUR) to outperform: Barrington
* PPL Corp. to buy: UBS
* PulteGroup (PHG) to overweight: JPMorgan
* Salix Pharma (SLXP) to buy: Cantor
* Silicon Graphics (SGI) to outperform: FBN Securities
* Warner Chilcott (WCRX) to buy: Needham
DOWNGRADES:
* Authentec (AUTH) to market perform: Raymond James
* Aflac (AFL) to market perform: FBR Capital
* Boingo Wireless (WIFI) to hold: Deutsche Bank
* Crosstex Energy (XTEX) to neutral: Global Hunter
* Cbeyond (CBEY) to underperform: DA Davidson
* CommonWealth REIT (CWH) to hold: Stifel Nicolaus
* Crosstex Energy (XTEX) to neutral: Global Hunter
* Forest Labs (FRX) to neutral: JPMorgan
* Hospira (HSP) to neutral: JPMorgan
* International Flavors (IFF) to neutral: JPMorgan
* KAR Auction (KAR) to hold: BB&T Capital
* Kinross Gold (KGC) to hold: Canaccord Genuity
* Liberty Media (LINTA) to neutral: Janney Capital
* Lexington Realty Trust (LXP) to hold: Stifel Nicolaus
* Mid-Con Energy (MCEP) to neutral: Robert Baird
* NetApp (NTAP) to hold: Cantor
* Oceaneering International (OII) to hold: SocGen
* Priceline (PCLN) to neutral: Lazard
* Select Medical (SEM) to neutral: Robert Baird
* Select Medical (SEM) to neutral: UBS
* Select Medical (SEM) to underperform: BofA Merrill
* Select Medical (SEM) to sector perform: RBC Capital
* Toll Brothers (TOL) to underweight: JPMorgan
* Thermon Group (THR) to market perform: Kansas City Capital
* Treehouse Foods (THS) to neutral: SunTrust Robinson
* United Micro (UMC) to underperform: Bernstein
INITIATIONS:
* Apple (AAPL) buy: Stifel Nicolaus
* Arbor Realty Trust (ABR) market outperform: JMP Securities
* Cyberonics (CYBX) outperform: William Blair
* Curtiss-Wright (CW) in-line: Imperial Capital
* CH Robinson (CHRW) neutral: Longbow
* Hub Group (HUBG) neutral: Longbow
* LandStar System (LSTR) neutral: Longbow
* Melco Crown (MPEL) underperform: Jefferies
* NorthStar Realty (NRF) market outperform: JMP Securities
* Ryder System (R) buy: Longbow Research
* Seagate Technology (STX) buy: Lazard
* Stericycle (SRCL) outperform; Raymond James
* Trimble Navigation (TRMB) buy: Lazard
* Thermo Fisher (TMO) buy: WallachBeth Capital
* Ulta Salon (ULTA) buy: Goldman Sachs
* Western Digital (WDC) buy: Lazard