Adobe Systems Inc. (NASDAQ: ADBE) was raised to Market Perform from Underperform at FBR Capital Markets.
Athenahealth Inc. (NASDAQ: ATHN) was downgraded to Outperform from Strong Buy at Raymond James.
BorgWarner Inc. (NYSE: BWA) was raised to Outperform from Neutral.
Ciena Corp. (NASDAQ: CIEN) was initiated as Outperform at William Blair.
JDS Uniphase Corp. (NASDAQ: JDSU) was initiated as Market Perform at William Blair.
Johnson & Johnson (NYSE: JNJ) was cut to Hold from Buy at Deutsche Bank.
Linn Energy LLC (NASDAQ: LINE) and Linn Co, LLC (NASDAQ: LNCO) were both raised to Buy from Neutral at Goldman Sachs.
McDonald’s Corp. (NYSE: MCD) was cut to Neutral from Buy at Janney Capital.
Pan American Silver Corp. (NASDAQ: PAAS) was cut to Hold from Buy at Canaccord Genuity.
Pier 1 Imports Inc. (NYSE: PIR) was raised to Buy from Hold with a target of $27 at Argus.
Wells Fargo & Co. (NYSE: WFC) may not be an upgrade nor a downgrade, but Argus reiterated its Sell rating based on the bank’s large exposure to the housing market.
UBS was very positive on select Internet and interactive gaming names.
So what if the market fell once in nine sessions. A technical analyst is calling for a secular bull market and is implying more than 50% more gains in the SPDR S&P 500 (NYSEMKT: SPY) as his Fibonacci S&P 500 target is 2,584.
Top Gaining Stocks
Top Losing Stocks