UPGRADES:
B. Riley upgrades Hot Topic (NASDAQ: HOTT) from Neutral to Buy.

Roth Capital upgrades Actuate (NASDAQ: ACTU) from Hold to Buy, maintaining their price target of $5.50.

Wunderlich Securities upgrades RAM Energy (NASDAQ: RAME) from Hold to Buy. The firm also set a $4 price target.

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

DOWNGRADES:
B. Riley downgrades East West Bancorp (NASDAQ: EWBC) from Buy to Neutral.

Wells Fargo downgrades California Micro Devices (NASDAQ: CAMD) from Outperform to Market Perform. Click Here for more color.

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

NEW COVERAGE:
Piper Jaffray initiates coverage on G-III Apparel Group (NASDAQ: