Upgrades / Downgrades

Here are the late Tuesday and early Wednesday calls.
>

UPGRADES

Warner Music Group WMG Citigroup Sell » Buy
priceline.com PCLN Susquehanna Financial Neutral » Positive
Natural Resource NRP Friedman Billings Mkt Perform » Outperform
True Religion TRLG Friedman Billings Mkt Perform » Outperform
Computer Sciences CSC Jefferies & Co Underperform » Hold
Nuance Communications NUAN Friedman Billings Mkt Perform » Outperform
Parkway Prop PKY Robert W. Baird Neutral » Outperform
Equity Inns ENN Robert W. Baird Neutral » Outperform
F5 Networks FFIV CE Unterberg Towbin Market Perform » Buy
TETRA Tech TTI CapitalOne southcoast Hold » Buy
Pactiv Corp PTV KeyBanc Capital Mkts / McDonald Hold » Buy
Silgan Holdings SLGN KeyBanc Capital Mkts / McDonald Buy » Aggressive Buy
Greif Brothers GEF KeyBanc Capital Mkts / McDonald Buy » Aggressive Buy
Gap Inc GPS CL King Underperform » Neutral
TeleTech TTEC Janco Partners Accumulate » Buy
Brinker EAT Sanders Morris Harris Neutral » Buy
Halliburton HAL Calyon Securities Add » Buy
Baker Hughes BHI Calyon Securities Neutral » Add
JA Solar JASO Needham & Co Hold » Buy
AC Moore ACMR BB&T Capital Mkts Hold » Buy
Blackbaud BLKB Jefferies & Co Hold » Buy
Martha Stewart MSO Bear Stearns Peer Perform » Outperform



DOWNGRADES

Dick's Sporting Goods DKS Citigroup Buy » Hold
Heelys HLYS JP Morgan Overweight » Neutral
Alexion Pharm ALXN Credit Suisse Outperform » Neutral
Heelys HLYS CIBC Wrld Mkts Sector Outperform » Sector Perform
MetroPCS PCS Wachovia Outperform » Mkt Perform
Leap Wireless LEAP Wachovia Outperform » Mkt Perform
Heelys HLYS Robert W. Baird Outperform » Neutral
AMN Healthcare Services AHS CL King Strong Buy » Neutral
Mobile Mini MINI Robert W. Baird Outperform » Neutral
F5 Networks FFIV Wedbush Morgan Buy » Hold
Myers Industries MYE KeyBanc Capital Mkts / McDonald Buy » Hold
Ball Corp BLL KeyBanc Capital Mkts / McDonald Aggressive Buy » Buy
U-Store-It YSI Wachovia Mkt Perform » Underperform
NGP Capital Resources NGPC Ferris Baker Watts Buy » Neutral
Luminent Mortgage Capital LUM UBS Neutral » Sell