| Date | Broker | Symbol | Company | To | From | Target |
| 2/3/12 | Barclays Capital | BBT | BB&T Corporation | Equal Weight | Underweight | $34 Up From $32 |
| 2/3/12 | Janney Montgomery Scott | URBN | Urban Outfitters Inc. | Buy | Neutral | $31 |
| 2/3/12 | Robert W. Baird | PEET | Peet`s Coffee & Tea Inc | Outperform | Neutral | $76 up from $61 |
| 2/3/12 | Robert W. Baird | TTEK | Tetra Tech Inc | Outperform | Neutral | $30 up from $26 |
| 2/2/12 | Nomura | ITYBY.PK | Imperial Tobacco Group PLC | Neutral | Reduce | 2150p |
| 2/2/12 | RBC Capital Markets | RDWR | RADWARE LTD | Outperform | Sector Perform | $40 Up From $35 |
| 1/26/12 | FBR Capital Markets | AAWW | ATLAS AIR WORLDWIDE HLDG | Outperform | Market Perform | $56 Up From $42 |
| 1/26/12 | Barclays Capital | EQR | Equity Residential | Overweight | Equal Weight | $66 Up From $58 |
| 1/26/12 | Barclays Capital | UBM.L | United Business Media plc | Overweight | Equal Weight | N/A |
| 1/26/12 | Robert W. Baird | ILMN | Illumina Inc. | Outperform | Neutral | $60 up from $33 |
| 1/25/12 | Robert W. Baird | CSX | CSX Corp | Outperform | Neutral | $26 |
| 1/25/12 | RBC Capital Markets | RF | Regions Financial Corp. | Outperform | Sector Perform | $7 Up From $4 |
| 1/25/12 | KeyBanc Capital Markets | EAT | Brinker International Inc. | Buy | Hold | $31 |
| 1/25/12 | RBC Capital Markets | WPI | Watson Pharmaceuticals | Outperform | Sector Perform | $66 Down From $67 |
| 1/25/12 | KeyBanc Capital Markets | TEX | Terex Corp. | Buy | Hold | $28 |
| 1/24/12 | Deutsche Bank | BBBY | Bed Bath & Beyond Inc | Buy | Hold | $70 Up From $65 |
| 1/23/12 | RBC Capital Markets | RBA | Ritchie Bros. Auctioneers Inc | Sector Perform | Underperform | $24 up from $18 |
| 1/23/12 | Robert W. Baird | BKYF | bank of kentucky financial corp. | Outperform | Neutral | $27 Up from $24 |
| 1/23/12 | Barclays Capital | BWA | Borg Warner Inc. | Overweight | Equal Weight | $95 up from $83 |
| 1/19/12 | Robert W. Baird | TEX | Terex Corp. | Outperform | Neutral | $24 up from $20 |
| 1/18/12 | RBC Capital Markets | AUXL | Auxilium Pharmaceuticals Inc. | Outperform | Sector Perform | $26 Up From $20 |
| 1/18/12 | Barclays Capital | RSH | RadioShack Corp | Equal Weight | Underweight | $11 |
| 1/18/12 | Barclays Capital | OMX | OfficeMax Inc. | Equal Weight | Underweight | $5 |
| 1/18/12 | Barclays Capital | ODP | Office Depot Inc. | Equal Weight | Underweight | $3.00 |
| 1/17/12 | RBC Capital Markets | CPNO | Copano Energy LLC | Outperform | Sector Perform | $40 Up From $36 |
| 1/17/12 | RBC Capital Markets | AMAT | Applied Materials Inc. | Sector Perform | Outperform | $15 Up From $12 |
| 1/17/12 | KeyBanc Capital Markets | FUL | HB Fuller Co | Buy | Hold | $32 |
| 1/13/12 | Robert W. Baird | AME | Ametek Inc. | Outperform | Neutral | $53 up from $47 |
| 1/13/12 | KeyBanc Capital Markets | POL | PolyOne Corp | Buy | Hold | $17 |
| 1/12/12 | KeyBanc Capital Markets | AIV | Apartment Investment & Management Co. | Buy | Hold | $26 |
| 1/12/12 | Robert W. Baird | AME | Ametek Inc. | Outperform | Neutral | $53 up from $47 |
| 1/12/12 | Robert W. Baird | WCC | Wesco International Inc | Outperform | Neutral | $69 up from $47 |
| 1/11/12 | Nomura | ROK | Rockwell Automation Inc. | Buy | Neutral | $87 Up From $77 |
| 1/11/12 | Nomura | BRBY.L | Burberry Group PLC | Buy | Neutral | 1,530p From 1,356p |
| 1/11/12 | RBC Capital Markets | HIW | Highwoods Properties Inc. | Outperform | Sector Perform | $33 Down From $34 |
| 1/11/12 | RBC Capital Markets | PDM | Piedmont Office Realty Trust Inc. | Outperform | Sector Perform | $19 Down From $20 |
| 1/11/12 | Barclays Capital | NAE.TO | NAL Energy Corporation | Equal Weight | Underweight | C$8 Down From C$9 |
| 1/10/12 | Robert W. Baird | REGN | Regeneron Pharmaceuticals | Outperform | Neutral | $81 up from $56 |
| 1/9/12 | Deutsche Bank | BRCM | Broadcom Corporation | Buy | Hold | $35 |
| 1/9/12 | Deutsche Bank | FCS | Fairchild Semiconductor | Buy | Hold | $15 |
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