UPGRADES:
* AllianceBernstein (AB) to buy: Citigroup
* AG Mortgage Investment (MITT) to buy: Sterne Agee
* Broadcom (BRCM) to outperform: Bernstein
* Bottomline Technologies (EPAY) to buy: Craig-Hallum
* Cogent Communications (CCOI) to neutral: DA Davidson
* Graco (GGG) to outperform: Oppenheimer
* Harvest Natural (HNR) to buy: Global Hunter
* Jive Software (JIVE) to buy: Needham
* Middleby (MIDD) to buy: Wellington Shields
* National Financial Partners (NFP) to buy: Citigroup
* Northern Oil And Gas (NOG) to buy: Global Hunter
* NII Holdings (NIHD) to outperform: Macquarie
* Siliconware Precision (SPIL) to outperform: Bernstein
* Tim Hortons (TIM) to outperform: BMO Capital
DOWNGRADES:
* Advance Auto Parts (AAP) to neutral: Credit Suisse
* Abraxas Petroleum (AXAS) to hold: Wunderlich
* Big Lots (BIG) to underweight: JPMorgan
* Cablevision (CVC) to equalweight: Barclays
* Canadian Natural (CNQ) to market perform: Raymond James
* Clearwire (CLWR) to underperform: Macquarie
* Convergys (CVG) to neutral: Robert Baird
* CF Industries (CF) to neutral: Atlantic
* FXCM Inc. (FXCM) to neutral: Citigroup
* Middleby (MIDD) to neutral: Robert Baird
* Novo Nordisk (NVO) to sell: SocGen
* Powell Inds (POWL) to market perform: Kansas City Capital
* Pegasystems (PEGA) to hold: Benchmark Co.
* Roundy’s (RNDY) to neutral: Credit Suisse
* Roundy’s (RNDY) to hold: BB&T Capital
* Roundy’s (RNDY) to hold: Jefferies
* Robbins & Myers (RBN) to hold: BB&T Capital
* Robbins & Myers (RBN) to hold: KeyBanc
* RDA Microelectronics (RDA) buy: Canaccord Genuity
* Rosetta Resources (ROSE) to accumulate: Global Hunter
* Sohu (SOHU) to neutral: UBS
* Sagent Pharmaceuticals (SGNT) to sector perform: RBC Capital
* SS&C Technologies (SSNC) to hold: Jefferies
* Teekay (TK) to neutral: Credit Suisse
* Ubiquiti Networks (UBNT) to hold: Deutsche Bank
* Ubiquiti Networks (UBNT) to hold: Capstone
* Ubiquiti Networks (UBNT) to neutral: Wedbush
* Ubiquiti Networks (UBNT) to sector perform: Pacific Crest
* Verisign (VRSN) to neutral: Robert Baird
* Yahoo (YHOO) to neutral: BofA Merrill
INITIATIONS:
* Atlas Resource Partners (ARP) market perform: Wells Fargo
* Aeropostale (ARO) neutral: Lazard
* Circor (CIR) buy: Capstone
* Ciena (CIEN) neutral: Goldman Sachs
* Cisco Systems (CSCO) hold: Needham
* Exact Sciences (EXAS) buy: WallachBeth Capital
* Finisar (FNSR) neutral: Goldman Sachs
* Glu Mobile (GLUU) overweight: Piper Jaffray
* JDS Uniphase (JDSU) buy: Goldman Sachs
* Marketwest Energy (MWE) outperform: Credit Suisse
* Northern Tier Energy (NTI) buy: Dahlman Rose
* Orasure Technologies (OSUR) buy: Jefferies
* Palo Alto Networks (PANW) buy: Stifel Nicolaus