(By Balachander) A number of stocks were upgraded and downgraded by equities research analysts on Thursday.
Activision Blizzard Inc. (NASDAQ: ATVI): Sterne Agee downgraded its rating on the stock to "neutral" from "buy". Shares traded 1.04 percent lower at $11.42.
CarMax Inc. (NYSE: KMX): Goldman Sachs upgraded its rating on the stock to "buy" from "neutral". Shares added 0.36 percent to trade at $36.01.
Cree Inc. (NASDAQ: CREE): Deutsche Bank downgraded its rating on the stock to "hold" from "buy". Shares retreated 5.96 percent to trade at $31.56.
D.R. Horton Inc. (NYSE: DHI): Compass Point upgraded its rating on the stock to "neutral" from "sell". Shares traded 0.40 percent higher at $19.46.
NIKE Inc. (NYSE: NKE): HSBC upgraded its rating on the stock to "overweight" from "neutral". Shares inched 0.22 percent higher to trade at $99.35.
Research In Motion Ltd. (NASDAQ: RIMM): Goldman Sachs upgraded its rating on the stock to "buy" from "neutral". Shares jumped 6.13 percent to trade at $11.77.
Rockwell Collins Inc. (NYSE: COL): Oppenheimer downgraded its rating on the stock to "perform" from "outperform". Shares shed 0.48 percent to trade at $56.26.