Here are the calls from this morning so far
UPGRADES:
Pier 1 Imports (PIR)= Buy
True Religion (TRLG)= Sector Outperform
Interpublic (IPG)= Buy
Chevron (CVX)= Buy
Perot Systems (PER)= Buy
Bristol-Myers (BMY)= Outperform
DOWNGRADES:
Town Sports International (CLUB)= Neutral