UPGRADES:
* AmerisourceBergen (ABC) raised to outperform: Baird
* Amgen (AMGN) raised to overweight: Piper
* Expedia (EXPE) raised to equalweight: Morgan Stanley
* FMC Technologies (FTI) raised to buy: BofA/ML
* Informatica (INFA) raised to buy: Mizuho Securities
* International Paper (IP) raised to buy: CLSA
* IMAX (IMAX) cut to neutral: Wedbush
* IXIA (XXIA) raised to buy: Deutsche Bank
* Magellan Midstream (MMP) raised to outperform: Credit Suisse
* MetroPCS (PCS) raised to buy: Deutsche Bank
* Quality Systems (QSII) raised to outperform: Oppenheimer
* Sprint (S) raised to buy: UBS
* SunTrust (STI) raised to hold: ISI Group
* Valley National (VLY) raised to neutral: Sterne Agee
DOWNGRADES:
* Acme Packet (APKT) cut to sector perform: Pacific Crest
* Cash America (CSH) cut to market perform: Wells Fargo
* Charles River (CRL) cut to market perform: William Blair
* Coinstar (CSTR) cut to sector perform: Pacific Crest
* Colgate (CL) cut to hold: Deutsche Bank
* CRA International (CRAI) cut to mkt perform: William Blair
* Douglas Emmett (DEI) cut to underweight: Barclays
* Dow (DOW) cut to equalweight: Morgan Stanley
* Flir Systems (FLIR) cut to hold: BB&T
* GE (GE) cut to market perform: Bernstein
* Green Dot (GDOT) cut to hold: Jefferies
* Green Dot (GDOT) cut to market perform: JMP
* Green Dot (GDOT) cut to neutral: JPMorgan
* HealthSouth (HLS) cut to hold: Jefferies
* Linn Energy (LINE) cut to neutral: Credit Suisse
* Medical Bioscience (VIVO) cut to hold: Canaccord
* Pacific Biosciences (PACB) cut to underweight: Piper
* Qlogic (QLGC) cut to underperform: Pacific Crest
* Royal Caribbean (RCL) cut to hold: Nordea
* SandRidge Mississippian (SDT) cut to sector perform: RBC
* Starbucks (SBUX) cut to neutral: Baird
* United Continental (UAL) cut to market perform: Raymond James
* Valley National Bancorp (VLY) cut to underweight: JPMorgan
* Walter Energy (WLT) cut to equalweight: Johnson Rice
INITIATIONS:
* Agco (AGCO) new outperform: BMO
* Apricus Biosciences (APRI) new buy: Lazard
* Caterpillar (CAT) new market perform: BMO
* Cummins (CMI) new market perform: BMO
* Deere (DE) new outperform: BMO
* Illinois Tool Works (ITW) new outperform: BMO
* Joy Global (JOY) new underperform: BMO
* Kennametal (KMT) new market perform: BMO
* Liquidity Services (LQDT) new buy: BOFAML
* Middleby Corp (MIDD) new market perform: BMO
* Navistar Intl (NAV) new underperform: BMO
* Paccar (PCAR) new outperform: BMO
* Parker Hannifin (PH) new market perform: BMO
* Prospect Global Resource (PGRXE) new buy: Sterne
* Synders-Lance (LNCE) new hold: Deutsche Bank
* Terex (TEX) new outperform: BMO
* AmerisourceBergen (ABC) raised to outperform: Baird
* Amgen (AMGN) raised to overweight: Piper
* Expedia (EXPE) raised to equalweight: Morgan Stanley
* FMC Technologies (FTI) raised to buy: BofA/ML
* Informatica (INFA) raised to buy: Mizuho Securities
* International Paper (IP) raised to buy: CLSA
* IMAX (IMAX) cut to neutral: Wedbush
* IXIA (XXIA) raised to buy: Deutsche Bank
* Magellan Midstream (MMP) raised to outperform: Credit Suisse
* MetroPCS (PCS) raised to buy: Deutsche Bank
* Quality Systems (QSII) raised to outperform: Oppenheimer
* Sprint (S) raised to buy: UBS
* SunTrust (STI) raised to hold: ISI Group
* Valley National (VLY) raised to neutral: Sterne Agee
DOWNGRADES:
* Acme Packet (APKT) cut to sector perform: Pacific Crest
* Cash America (CSH) cut to market perform: Wells Fargo
* Charles River (CRL) cut to market perform: William Blair
* Coinstar (CSTR) cut to sector perform: Pacific Crest
* Colgate (CL) cut to hold: Deutsche Bank
* CRA International (CRAI) cut to mkt perform: William Blair
* Douglas Emmett (DEI) cut to underweight: Barclays
* Dow (DOW) cut to equalweight: Morgan Stanley
* Flir Systems (FLIR) cut to hold: BB&T
* GE (GE) cut to market perform: Bernstein
* Green Dot (GDOT) cut to hold: Jefferies
* Green Dot (GDOT) cut to market perform: JMP
* Green Dot (GDOT) cut to neutral: JPMorgan
* HealthSouth (HLS) cut to hold: Jefferies
* Linn Energy (LINE) cut to neutral: Credit Suisse
* Medical Bioscience (VIVO) cut to hold: Canaccord
* Pacific Biosciences (PACB) cut to underweight: Piper
* Qlogic (QLGC) cut to underperform: Pacific Crest
* Royal Caribbean (RCL) cut to hold: Nordea
* SandRidge Mississippian (SDT) cut to sector perform: RBC
* Starbucks (SBUX) cut to neutral: Baird
* United Continental (UAL) cut to market perform: Raymond James
* Valley National Bancorp (VLY) cut to underweight: JPMorgan
* Walter Energy (WLT) cut to equalweight: Johnson Rice
INITIATIONS:
* Agco (AGCO) new outperform: BMO
* Apricus Biosciences (APRI) new buy: Lazard
* Caterpillar (CAT) new market perform: BMO
* Cummins (CMI) new market perform: BMO
* Deere (DE) new outperform: BMO
* Illinois Tool Works (ITW) new outperform: BMO
* Joy Global (JOY) new underperform: BMO
* Kennametal (KMT) new market perform: BMO
* Liquidity Services (LQDT) new buy: BOFAML
* Middleby Corp (MIDD) new market perform: BMO
* Navistar Intl (NAV) new underperform: BMO
* Paccar (PCAR) new outperform: BMO
* Parker Hannifin (PH) new market perform: BMO
* Prospect Global Resource (PGRXE) new buy: Sterne
* Synders-Lance (LNCE) new hold: Deutsche Bank
* Terex (TEX) new outperform: BMO