Today's Upgrades / Downgrades

Here are the late Thursday and early Friday calls

UPGRADES:

BP BP Deutsche Securities Hold » Buy

Union Drilling UDRL Bear Stearns Underperform » Peer Perform
Raymond James RJF Wachovia Mkt Perform » Outperform

Overseas Shipholding OSG JP Morgan Neutral » Overweight

Royal Dutch Shell RDS.A Deutsche Securities Hold » Buy

Magna MGA JMP Securities MktPerform » Mkt Outperform

Parker Drilling PKD Morgan Keegan Mkt Perform » Outperform

Tecumseh Prods TECUA Robert W. Baird Neutral » Outperform

Microsemi MSCC Caris & Company Above Average » Buy

Steel Dynamics STLD Longbow Neutral » Buy



DOWNGRADES:

Hilton Hotels HLT Calyon Securities Buy » Neutral

Hilton Hotels HLT Bear Stearns Outperform » Peer Perform

Hilton Hotels HLT\ Susquehanna Financial Positive » Neutral

Hilton Hotels HLT Jefferies & Co Buy » Hold

Hilton Hotels HLT Citigroup Buy » Hold

Sierra Wireless SWIR Avondale Partners Mkt Outperform » Mkt Perform

Hilton Hotels HLT AG Edwards Buy » SelL