Upgrades and Downgrades for Wednesday, 6/27

Upgrades

• E.ON AG (EONGY) upgraded by HSBC from Neutral to Overweight
• Heartland Payment (HPY) upgraded by Keefe Bruyette from Market Perform to Outperform
• Riverbed (RVBD) upgraded by Jefferies from Underperform to Hold
• Yandex (YNDX) upgraded by UBS from Neutral to Buy 
• News Corp. (NWSA) upgraded by Needham from Hold to Buy
• ValueClick (VCLK) upgraded by Benchmark Co. from Hold to Buy
• Leap Wireless (LEAP) upgraded by Guggenheim from Neutral to Buy
• DreamWorks (DWA) upgraded by Stifel Nicolaus from Sell to Hold
• HomeAway (AWAY) upgraded by Stifel Nicolaus from Hold to Buy

Downgrades 

• Aviva (AV) downgraded by Jefferies from Buy to Hold 
• Infineon (IFNNY) downgraded by HSBC from Overweight to Neutral
• Infineon (IFNNY) downgraded by Goldman from Conviction Buy to Buy 
• Infineon (IFNNY) downgraded by JPMorgan from Overweight to Neutral
• Saks (SKS) downgraded by Citigroup from Buy to Neutral
• Macy’s (M) downgraded by Citigroup from Buy to Neutral
• Nordstrom (JWN) downgraded by Citigroup from Buy to Neutral
• Hasbro (HAS) downgraded by Citigroup from Neutral to Sell 
• Procter & Gamble (PG) downgraded by RBC Capital from Outperform to Sector Perform

Upgrades & Downgrades provided by Theflyonthewall.com