Top Analyst Upgrades and Downgrades (ADP, BK, BWLD, EXPD, GPS, GE, GHDX, LIFE, MYGN, NKE, NOK, NTRS, P, PAYX, RHT, QCOR, SQNM, STT, TIVO, TOT, WAG)

Automatic Data Processing Inc. (NASDAQ: ADP) cut to Neutral at UBS.

Bank of New York Mellon Corp. (NYSE: BK) started as Buy at Citigroup.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) raised to Outperform at RBC.

Expeditors International of Washington (NASDAQ: EXPD) named Bear of the Day at Zacks.

The Gap Inc. (NYSE: GPS) named Bull of the Day at Zacks.

General Electric Co. (NYSE: GE) reiterated Buy with $25 target at BofA/ML.

Genomic Health Inc. (NASDAQ: GHDX) started as Outperform at Credit Suisse.

Life Technologies Corp. (NASDAQ: LIFE) started as Outperform at William Blair.

Myriad Genetics Inc. (NASDAQ: MYGN) started as Neutral at Credit Suisse.

Nike Inc. (NYSE: NKE) reiterated Buy with $120 target at BofA/ML.

Nokia Corp. (NYSE: NOK) cut to Underperform at BMO.

Northern Trust Corp. (NASDAQ: NTRS) started as Neutral at Citigroup.

Pandora Media Inc. (NYSE: P) started as Reduce at Nomura.

Paychex Inc. (NASDAQ: PAYX) cut to Sell at Citigroup.

Red Hat Inc. (NYSE: RHT) reiterated Buy with $61 target at BofA/ML.

Questcor Pharmaceuticals Inc. (NASDAQ: QCOR) removed from Focus List but maintained Buy at BofA/ML.

Sequenom Inc. (NASDAQ: SQNM) started as Underperform at Credit Suisse.

State Street Corp. (NYSE: STT) started as Buy at Citigroup.

TiVo Inc. (NASDAQ: TIVO) raised to Buy at Lazard.

Total S.A. (NYSE: TOT) maintained Underperform at BofA/ML.

Walgreen Co. (NYSE: WAG) put on the Conviction Buy List with $43 target at Goldman Sachs.

JON C. OGG