Upgrades and Downgrades for Monday, 4/16/2012

Upgrades

• Home Depot (HD) upgraded by Piper Jaffray from Neutral to Overweight
• Lowe’s (LOW) upgraded by Piper Jaffray from Neutral to Overweight
• Nordstrom (JWN) upgraded by CLSA from Underperform to Outperform
• Caterpillar (CAT) upgraded by BofA/Merrill from Neutral to Buy
• BASF (BASFY) upgraded by HSBC from Neutral to Overweight
• L’Oreal (LRLCY) upgraded by Jefferies from Hold to Buy
• Janus Capital (JNS) upgraded by Citigroup from Sell to Neutral
• Standard Motor Products (SMP) upgraded by Goldman from Sell to Neutral
• PPG Industries (PPG) upgraded by Citigroup from Neutral to Buy
• Royal KPN (KKPNY) upgraded by Deutsche Bank from Sell to Hold
• Vornado (VNY) upgraded by Keefe Bruyette from Market Perform to Outperform
• Siliconware Precision (SPIL) upgraded by Barclays from Equal Weight to Overweight
• United Microelectronic (UMC) upgraded by Barclays from Underweight to Equal Weight

Downgrades 

• Infosys (INFY) downgraded by Macquarie from Outperform to Neutral
• Infosys (INFY) downgraded by Deutsche Bank from Buy to Hold
• Marathon Petroleum (MPC) downgraded by Deutsche Bank from Buy to Hold
• Spreadtrum (SPRD) downgraded by Morgan Stanley from Overweight to Equal Weight
• Ball (BLL) downgraded by Credit Suisse from Outperform to Neutral
• Magna (MGA) downgraded by Goldman from Neutral to Sell
• Deutsche Telekom (DTEGY) downgraded by Exane BNP Paribas from Outperform to Neutral
• Lafarge (LFRGY) downgraded by Societe Generale from Buy to Hold

Upgrades & Downgrades provided by Theflyonthewall.com