Advanced Micro Devices Inc. (NYSE: AMD) was downgraded to Underperform from Market Perform at Bernstein.
AK Steel Holding Corp. (NYSE: AKS) was downgraded to Sell from Neutral by UBS.
Arcelor Mittal (NYSE: MT) was downgraded to Sell from Buy at UBS.
Clean Harbors Inc. (NYSE: CLH) was started as Buy at KeyBanc Capital Markets.
Crosstex Energy L.P. (XTEX) was raised to Outperform from Neutral and the price target was raised to $32 from $22 (versus a $27.26 close) at Credit Suisse.
Gap Inc. (NYSE: GPS) was downgraded to Market Perform from Outperform at BMO Capital Markets.
Halliburton Co. (NYSE: HAL) was reiterated as Buy and the target price was raised by $5 to $58 (versus a $50.56 close) at Argus.
North American Palladium Ltd. (NYSEMKT: PAL) was downgraded to Neutral from Outperform at Credit Suisse.
Priceline.com Inc. (NASDAQ: PCLN) was started as Outperform with a $1,250 price target (versus a $1,087.09 close) at Credit Suisse.
RingCentral Inc. (NYSE: RNG) saw its quiet period come to an end. Bank of America Merrill Lynch issued a Buy rating, Goldman Sachs issued a Buy rating and J.P. Morgan issued an Overweight rating.
SanDisk Corp. (NASDAQ: SNDK) was raised to Market Perform from Underperform at BMO Capital Markets.
Tellabs Inc. (NASDAQ: TLAB) was downgraded to Sell from Hold, based on the paltry private equity M&A deal terms, at Argus.
Theravance Inc. (NASDAQ: THRX) was added to the prized to US1 List at Bank of America Merrill Lynch.
TripAdvisor Inc. (NASDAQ: TRIP) was started as Outperform with a $90 price target at Credit Suisse.
U.S. Steel Corp. (NYSE: X) was downgraded to Neutral from Buy at UBS.
Wisdom Tree Investments Inc. (NASDAQ: WETF) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.
Zimmer Holdings Inc. (NYSE: ZMH) was raised to Outperform from Neutral and the target price was raised to $100 from $90 (versus a $88.32 close) at Credit Suisse.
We have seen several Neutral rating initiations as well, which generally are deemed the unexciting and no-action calls. Salesforce.com Inc. (NYSE: CRM) and Workday Inc. (NYSE: WDAY) were both started as Neutral at Janney. Expedia Inc. (NASDAQ: EXPE) and HomeAway Inc. (NASDAQ: AWAY) were both started as Neutral at Credit Suisse.
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