Thursday's Upgrades and Downgrades

UPGRADES

Intel INTC Credit Suisse Underperform » Outperform
Commercial Metals CMC CIBC Wrld Mkts Sector Perform » Sector Outperform
MFA Mortgage MFA JP Morgan Neutral » Overweight
CBL & Assoc CBL JP Morgan Neutral » Overweight
Emergency Medical Services EMS Jefferies & Co Hold » Buy
Dril-Quip DRQ Jefferies & Co Hold » Buy
AEterna Zentaris AEZS RBC Capital Mkts Sector Perform » Outperform
MasterCard MA AG Edwards Hold » Buy
Universal Technical Institute UTI Sun Trust Rbsn Humphrey Neutral » Buy
JDS Uniphase JDSU BMO Capital Markets Underperform » Market Perform
Perot Systems PER Stifel Nicolaus Hold » Buy
Tessera Tech TSRA Matrix Research Hold » Buy
Koppers Holdings KOP Matrix Research Buy » Strong Buy
Penn Natl Gaming PENN Nollenberger Capital Neutral » Buy



DOWNGRADES

MFA Mortgage MFA Bear Stearns Outperform » Peer Perform
Thornburg Mortg TMA AG Edwards Hold » Sell
KKR Financial KFN Friedman Billings Outperform » Mkt Perform
Quest Diagnostics DGX Matrix Research Buy » Hold
Orbcomm ORBC Cowen & Co Outperform » Neutral
Midland Co MLAN KeyBanc Capital Mkts / McDonald Buy » Hold