UPGRADES:
* Gulfport Energy (GPOR) to buy: Global Hunter
* Moody’s (MCO) to buy: Benchmark Co.
* Novartis (NVS) to outperform: Exane
* Randgold Resources (GOLD) to neutral: Citigroup
* Sutor Tech. (SUTR) to buy: Roth Capital
* Textainer Group (TGH) to outperform: FBR
DOWNGRADES:
* Annaly Capital (NLY) to neutral: JPMorgan
* AK Steel (AKS) to neutral: JPMorgan
* AK Steel (AKS) to fair value: CRT Capital
* AMN Healthcare (AHS) to sell: UBS
* Align Technology (ALGN) to hold: Cantor Fitzgerald
* Advanced Micro Devices (AMD) to neutral: Longbow
* Beacon Roofing (BECN) to hold: KeyBanc
* Capstead Mortgage (CMO) to market perform: FBR Capital
* CYS Investments (CYS) to market perform: FBR Capital
* Cliffs Natural (CLF) to neutral: JPMorgan
* Discover Financial (DFS) to hold: Stifel Nicolaus
* Deutsche Bank (DB) to underperform: Credit Suisse
* Euronet Worldwide (EEFT) to buy: Sterne Agee
* France Telecom (FTE) to underweight: Morgan Stanley
* G&K Services (GKSR) to neutral: Robert Baird
* Hatteras Financial (HTS) to market perform: FBR Capital
* Hatteras Financial (HTS) to hold: Wunderlich Securities
* ING Groep (ING) to reduce: Kepler
* Intel (INTC) to neutral: Longbow
* Invesco (IVZ) to market perform: FBR Capital
* Legg Mason (LM) to hold: Jefferies
* Marathon Petroleum (MPC) to neutral: Citigroup
* Metals USA (MUSA) to neutral: JPMorgan
* National Retail (NNN) to market perform: FBR Capital
* OpenTable (OPEN) to neutral: Piper Jaffray
* Phillips 66 (PSX) to neutral: Citigroup
* SAIC, Inc. (SAI) to market perform: Raymond James
* Teck Resources (TCK) to hold: Canaccord Genuity
* Under Armour (UA) to hold: Argus
* U.S. Steel (X) to neutral: JPMorgan
* Valero (VLO) to neutral: Citigroup
* Wells Fargo (WFC) to hold: Stifel Nicolaus
INITIATIONS:
* Ametek (AME) neutral: Citigroup
* Bloomin’ Brands (BLMN) buy: Jefferies
* Bloomin’ Brands (BLMN) buy: BofA Merrill
* Bloomin’ Brands (BLMN) buy: Goldman Sachs
* Bloomin’ Brands (BLMN) outperform: Wells Fargo
* Crane (CR) buy: Citigroup
* Idex (IEX) buy: Citigroup
* Netflix (NFLX) underperform: Macquarie
* Orasure (OSUR) buy: Citigroup
* ServiceNow (NOW) neutral: Mizuho Securities