Changyou.com Ltd. (NASDAQ: CYOU) started as Buy at Citigroup.
Elan PLC (NYSE: ELN) raised to Buy at UBS.
Expedia Inc. (NASDAQ: EXPE) cut to Hold at Stifel Nicolaus.
Groupon Inc. (NASDAQ: GRPN) cut to Neutral at Citigroup.
Kayak Software Corp. (NASDAQ: KYAK) started as Buy at Deutsche Bank, started as Neutral at Piper Jaffray and started as Hold at Stifel Nicolaus.
Palo Alto Networks Inc. (NYSE: PANW) started as Outperform at Credit Suisse, started as Neutral at Citi, started as Buy at Goldman Sachs and started as Equal Weight at Morgan Stanley.
Sealy Corp. (NYSE: ZZ) started as Underweight at Barclays.
Select Comfort Corp. (NASDAQ: SCSS) started as Overweight at Barclays.
Southwest Airlines Co. (NYSE: LUV) raised to Neutral at BofA/ML.
Vale S.A. (NYSE: VALE) cut to Neutral at BofA/ML.
The Wendy’s Company (NASDAQ: WEN) cut to Underweight at KeyBanc Capital Markets.
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JON C. OGG