Key Calls (Wednesday): Upgrades, Downgrades & Initiations

Via Bloomberg AvalonBay (AVB) raised to buy at BofAML Bellatrix Exploration (BXE CN) raised to speculative buy at Canaccord Crown Castle (CCI) raised to outperform at Wells Fargo Impax Labs (IPXL) raised to buy at Deutsche Bank Michaels (MIK) raised to buy at BofAML, PT $28 Navistar (NAV) raised to hold at Stifel, PT $24 Omnicom (OMC) raised to outperform at RBC Pretium Resources (PVG CN) raised to outperform at RBC, PT C$18 Skyworks (SWKS) raised to buy at Mizuho, PT $110 UDR (UDR)

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