Upgrades:
Verizon (VZ) upgraded to Outperform at Robert W. Baird; target raised to $53 from $52.
Downgrades:
Microsoft (MSFT) downgraded from Overweight to Equal-Weight at Morgan Stanley.
Other:
Microsoft (MSFT) reiterated at Market Perform at BMO Capital Markets, target lowered from $37 to $35.