Upgrades & Downgrades
BB&T - upgraded by KBW to Market Perform. $20 price target.
CME - coverage resumed at J.P. Morgan with an Underweight rating based on falling volumes and likely downward revisions to consensus estimates. Target at $145.
ILMN - upgraded by Morgan Stanley to Overweight. $42 price target.
Millicom - coverage initiated at J.P. Morgan with a Neutral rating. Remain positive on long-term story. Price target at $52.
MRK - upgraded by Merrill/BofA from Neutral to Buy. $30 price target.
SIAL - upgraded by Goldman Sachs to Neutral from Sell. Price target at $35.
XCO - upgraded by Goldman Sachs to Buy from Neutral. Price target raised to $12 from $10.

EPS & Numbers
ABC - numbers raised by Morgan Stanley through 2010. Underweight rating and new $31 price target.
ESI - numbers raised by UBS through 2010. Buy rating and new $145 price target.
GOOG - numbers cut by Barclays. Shares now seen reaching $460. Estimates lowered to reflect lower expected top-line growth. Overweight rating.
LUV - numbers raised by Morgan Stanley. Shares reaching $11. Estimates raised. Underweight rating.
MSFT - numbers cut by UBS. Shares reaching $23. Estimates lowered to reflect the company's latest earnings warning. Buy rating.
PM - numbers cut by Morgan Stanley. Shares reaching $55. Estimates lowered to reflect the strong dollar. Overweight rating

Buying & Buybacks
Ticker / Filer Name / Title(s) / Shares / Bought Dollar Value
JPM - Dimon James - CB,CEO,DIR - 500,000 - $11,464,600
RGBO - Mcneil Robert - G DIR,BO - 1,142,857 - $4,000,000
PCU - Grupo Mexico Sab De Cv - BO - 200,000 - $3,060,000
RGBO - Ivy Healthcare Capital II L P - BO - 285,715 - $1,000,003
BAC - Sloan Jr O Temple - DIR - 61,500 - $367,505
BAC - Collins John T - DIR - 31,600 - $184,784
BAC - Barnet William III - DIR - 30,000 - $172,500
BAC - Tillman Robert L - DIR - 200,000 - $1,1
BAC - Lewis Kenneth D - CB,CEO, PR,DIR - 200,000 $1,198,966

Open Market Seles
Ticker / Filer Name / Title(s) Shares / Sold Dollar Value
NOVN - Oss Capital Management - BO - 100,000 - $1,100,000
MON - Preete Kerry J - VP - 6,400 - $511,232
EROC - Eagle Rock Energy LP (EROC) - BO - 50,000 - $351,400
TLP - Cushing Mlp Opportunity Fund I LP - BO - 16,900 - $287,300
VGM - Dammeyer Rodney - F DIR - 21,419 - $223,316
VMO - Dammeyer Rodney - F DIR - 20,000 - $207,145
HOMB - Thompson William - G DIR - 8,000 - $165,320
ENZN - Tooman Craig A - CFO,VP,FO - 10,306 - $65,237
PDRT - Greywolf Capital Management - LP BO,BO - 298,700 - $33,108
BKMU - Herr Mark - C DIR - 3,300 - $32,52