Wednesday's Upgrades and Downgrades

Here are the calls

UPGRADES

Fossil FOSL Piper Jaffray Market Perform » Outperform
Methanex MEOH CIBC Wrld Mkts Sector Underperform » Sector Perform
Wash. Federal WFSL Friedman Billings Mkt Perform » Outperform
Allegheny Tech ATI Davenport Buy » Strong Buy
A.M. Castle CAS Davenport Buy » Strong Buy
Carpenter Tech CRS Davenport Buy » Strong Buy
RF Micro Device RFMD Charter Equity Mkt Perform » Buy
Domtar UFS DA Davidson Neutral » Buy
Insituform Tech INSU Morgan Joseph Sell » Hold
OmniVision OVTI Pacific Growth Equities Neutral » Buy
Lexmark LXK FTN Midwest Sell » Neutral
Leap Wireless LEAP Stanford Research Hold » Buy



DOWNGRADES

Northstar Realty NRF Lehman Brothers Overweight » Equal-weight
Newcastle Investment NCT Lehman Brothers Overweight » Equal-weight
KKR Financial KFN Lehman Brothers Overweight » Equal-weight
Arbor Realty Trust ABR Lehman Brothers Overweight » Equal-weight
Thornburg Mortg TMA Citigroup Hold » Sell
UBS AG UBS Credit Suisse Outperform » Neutral
Daktronics DAKT Janco Partners Accumulate » Mkt Perform
Pope & Talbot POP DA Davidson Neutral » Underperform
Sirenza Micro SMDI Morgan Keegan Outperform » Mkt Perform
Haverty Furniture HVT Morgan Keegan Outperform » Mkt Perform
Thornburg Mortg TMA Piper Jaffray Market Perform » Underperform
Thornburg Mortg TMA Jefferies & Co Hold » Underperform
Avery Dennison AVY Matrix Research Hold » Sell