UPGRADES:
* Broadwind Energy (BWEN) to market perform: Raymond James
* PacWest (PACW) to outperform: Macquarie
* Synacor (SYNC) to neutral: Citigroup
DOWNGRADES:
* AmerisourceBergen (ABC) to neutral: Goldman Sachs
* Coach (COH) to hold: Brean Murray
* ING Group (ING) to neutral: Macquarie
* Louisiana-Pacific (LPX) to underperform: CLSA
* Majesco Entertainment (COOL) to hold: Needham
* Quaker Chemicals (KWR) to neutral: Janney Capital
INITIATIONS:
* Apollo Commercial (ARI) hold: McNicoll Lewis & Vlak
* ARMOUR Residential REIT (ARR) buy: McNicoll Lewis & Vlak
* Clean Energy (CLNE) hold: Jefferies
* Colony Financial (CLNY) hold: McNicoll Lewis & Vlak
* Community Bank System (CBU) sector perform: RBC Capital
* Cabot Oil & Gas (COG) outperform: Bernstein
* Dynex Capital (DX) buy: McNicoll Lewis & Vlak
* Durata Therapeutics (DRTX) outperform: Wedbush
* Eastman Chemical (EMN) hold: Jefferies
* Intuit (INTU) equalweight: Evercore Partners
* iStar Financial (SFI) buy: BTIG Research
* IntelliPharmaCeutics (IPCI) buy: Brean Murray
* Intrepid Potash (IPI) buy: Wunderlich Securities
* Life Technologies (LIFE) buy: WallachBeth Capital
* Methanex (MEOH) hold: Jefferies
* NorthStar Realty Finance (NRF) buy: McNicoll Lewis & Vlak
* New York Mortgage Trust (NYMT) hold: McNicoll Lewis & Vlak
* Pluristem (PSTI) buy: DS Securities
* QEP Resources (QEP) outperform: BMO Capital
* Range Resources (RRC) outperform: Bernstein
* Resource Capital (RSO) buy: McNicoll Lewis & Vlak
* RAIT Financial Trust (RAS) hold: McNicoll Lewis & Vlak
* Southwestern Energy (SWN) outperform: Bernstein
* Starwood Property Trust (STWD) buy: McNicoll Lewis & Vlak
* Yelp (YELP) neutral: Piper Jaffray