Wednesday's Upgrades and Downgrades

UPGRRADES

Occidental Petro OXY JP Morgan Neutral » Overweight
Murphy Oil MUR JP Morgan Underweight » Neutral
Apple AAPL Caris & Company Above Average » Buy
Zoran ZRAN Needham & Co Hold » Buy
Arcelor Mittal MT HSBC Securities Underweight » Overweight
THQ Inc THQI Kaufman Bros Hold » Buy
Texas Instruments TXN Caris & Company Above Average » Buy
Tribune TRB Barrington Research Underperform » Mkt Perform
Assurant AIZ KeyBanc Capital Mkts Hold » Buy $65
Sunpower SPWR Lehman Brothers Equal-weight » Overweight
Frontier Airlines FRNT JP Morgan Underweight » Overweight
AmSurg AMSG Jefferies & Co Hold » Buy
Jarden JAH Citigroup Hold » Buy
Teradyne TER Citigroup Hold » Buy
Zoran ZRAN CIBC Wrld Mkts Sector Perform » Sector Outperform
Apollo Group APOL Robert W. Baird Neutral » Outperform
Watsco WSO Robert W. Baird Neutral » Outperform
Pall Corp PLL Robert W. Baird Neutral » Outperform

DOWNGRADES

ConocoPhillips COP JP Morgan Neutral » Underweight
Marathon Oil MRO JP Morgan Overweight » Neutral
Veeco Instruments VECO FTN Midwest Buy » Neutral
Texas Instruments TXN Credit Suisse Outperform » Neutral
Zions Bancorp ZION UBS Buy » Neutral
Vineyard Natl VNBC Oppenheimer Buy » Neutral
Ultra Clean Holdings UCTT Piper Jaffray Outperform » Market Perform
Air Tran Holdings AAI JP Morgan Overweight » Neutral
Texas Instruments TXN Lehman Brothers Overweight » Equal-weight
Texas Instruments TXN JP Morgan Overweight » Neutral
TorreyPines Therapeutics TPTX JMP Securities Strong Buy » Mkt Outperform
Texas Instruments TXN Jefferies & Co Buy » Hold
Mobile Mini MINI Deutsche Securities Buy » Hold
Kellogg K Citigroup Buy » Hold
Texas Instruments TXN UBS Buy » Neutral
Check Point Sftwr CHKP Jefferies & Co Buy » Hold
Hub Group HUBG Robert W. Baird Outperform » Neutral

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