Today's noteworthy downgrades include: Calamos (CLMS) downgraded to Sell
from Neutral at Goldman... Cash America (CSH) downgraded to Neutral
from Buy at Sterne Agee... EQT Midstream Partners (EQM) downgraded to
Neutral from Outperform at Credit Suisse... El Paso Pipeline (EPB)
downgraded to Neutral from Outperform at Credit Suisse... First Cash
Financial (FCFS) downgraded to Neutral from Buy at Sterne Agee... GSI
Group (GSIG) downgraded to Neutral from Buy at Roth Capital... Grainger
(GWW) downgraded to Hold from Buy at BB&T... Invesco (IVZ)
downgraded to Neutral from Buy at Goldman... Oaktree Capital (OAK)
downgraded to Neutral from Buy at Goldman... Tesoro Logistics (TLLP)
downgraded to Neutral from Outperform at Credit Suisse... Velti (VELT)
downgraded to Market Perform from Outperform at Raymond James... Advent
Software (ADVS) downgraded to Market Perform from Outperform at
Avondale... Nautilus (NLS) downgraded to Neutral from Buy at B. Riley
Caris... Velti (VELT) downgraded to Hold from Buy at Jefferies... Target
(TGT) downgraded to Neutral from Buy at Buckingham... Synergetics
(SURG) downgraded to Hold from Buy at Craig-Hallum... Grainger (GWW)
downgraded at BB&T... TSMC (TSM) downgraded to Neutral from Buy at
UBS... America Movil (AMX) downgraded to Neutral from Overweight at
HSBC... CVR Energy (CVI) downgraded to Underperform from Neutral at
Macquarie... HollyFrontier (HFC) downgraded to Neutral from Outperform
at Macquarie... Valero Energy (VLO) downgraded to Neutral from
Outperform at Macquarie... National Australia Bank (NABZY) downgraded to
Neutral from Buy at Citigroup... Freescale (FSL) downgraded to Market
Perform from Outperform at Bernstein... Texas Instruments (TXN)
downgraded to Market Perform from Outperform at Bernstein... Synergetics
(SURG) downgraded to Hold from Buy at Wunderlich... Hasbro (HAS)
downgraded to Hold from Buy at KeyBanc.

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