U.S. ANALYST RATINGS: Upgrades, Downgrades, Initiations

UPGRADES:
  * Coventry (CVH) to neutral: Wedbush
  * Knight Transportation (KNX) to buy: Stifel Nicolaus
  * Netflix (NFLX) to average: Caris
  * Semiconductor Manufacturing (SMI) to neutral: UBS
  * Urban Outfitters (URBN) to outperform: William Blair
  * Urban Outfitters (URBN) to hold: Brean Murray
  * Washington REIT (WRE) to market perform: Wells Fargo


DOWNGRADES:
  * Auxilium Pharma (AUXL) to underweight: Morgan Stanley
  * Ciber (CBR) to neutral: Roth Capital
  * Diamond Offshore (DO) to neutral: Guggenheim Securities
  * Encana (ECA) to sell: SocGen
  * EnGlobal (ENG) to hold: KeyBanc
  * Fossil (FOSL) to hold: ISI Group
  * Groupon (GRPN) to underweight: Barclays
  * Liberty Media (LMCA) to equalweight: Evercore
  * TAL International (TAL) to neutral: Nomura
  * Textainer Group (TGH) to neutral: Nomura
  * Veolia Environment (VE) to underperform: Exane
  * Worthington Steel (WOR) to hold: KeyBanc


INITIATIONS:
  * American Realty (ARCT) neutral: Robert Baird
  * Del Frisco’s (DFRG) buy: Deutsche Bank
  * Del Frisco’s (DFRG) outperform: Cowen
  * Ducommun (DCO) buy: CK Cooper
  * FARO Technologies (FARO) buy: Stifel Nicolaus
  * GNC Holdings (GNC) overweight: Barclays
  * Newbridge Bancorp (NBBC) buy: Compass Point
  * National Retail (NNN) neutral: Robert Baird
  * Photomedex (PHMD) buy: DS Securities
  * Quantum Fuel Systems (QTWW) buy: Roth Capital
  * Seattle Genetics (SGEN) hold: Cantor Fitzgerald