UPGRADES:
Wachovia upgrades Illinois Tool Works (NYSE: ITW) from Market Perform to Outperform. Valuation range: $45 to $48. Click here for more color on the upgrade.

UBS upgrades Deutsche Bank (NYSE: DB) from Neutral to Buy.

Barclays upgrades Anglo American (Nasdaq: AAUK) from Equalweight to Overweight.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Barclays downgrades Jazz Pharma (Nasdaq: JAZZ) from Overweight to Underweight and lowers its price target from $8 to $5.

FBR Capital downgrades Overseas Shipholding Group Inc. (NYSE: OSG) from Outperform to Market Perform and lowered its price target from $37 to $34, citing a balanced risk/reward