Wednesday's Upgrades and Downgrades

UPGRADES
VASCO Data Security VDSI RBC Capital Mkts Underperform » Sector Perform
Gehl GEHL BMO Capital Markets Market Perform » Outperform
Imax IMAX Soleil Hold » Buy
Coca-Cola FEMSA KOF JP Morgan Neutral » Overweight
Teekay LNG Partners TGP Wachovia Mkt Perform » Outperform
Northgate Minerals NXG CIBC Wrld Mkts Sector Underperform » Sector Perform
Actuate ACTU JMP Securities Mkt Perform » Mkt Outperform
Schnitzer Steel SCHN DA Davidson Underperform » Neutral
Manpower MAN Citigroup Hold » Buy
Platinum Underwriters PTP Banc of America Sec Neutral » Buy
US BioEnergy USBE UBS Neutral » Buy
General Motors GM UBS Sell » Buy
FormFactor FORM Citigroup Hold » Buy
Acuity Brands AYI Robert W. Baird Neutral » Outperform
Suncor Energy SU Friedman Billings Underperform » Mkt Perform
Petro-Canada PCZ Friedman Billings Mkt Perform » Outperform
Nexen NXY Friedman Billings Mkt Perform » Outperform

DOWNGRADES
Portfolio Recovery Assoc. PRAA Kaufman Bros Buy » Hold
ICF International ICFI Stifel Nicolaus Buy » Hold
American Medical AMMD Stifel Nicolaus Buy » Hold
Volcom VLCM Caris & Company Above Average » Average
American Medical AMMD Piper Jaffray Outperform » Market Perform
Las Vegas Sands LVS BMO Capital Markets Outperform » Market Perform
Home Inns HMIN Brean Murray Buy » Hold
Covad DVW Jefferies & Co Buy » Hold
DJ Orthopedics DJO Susquehanna Financial Positive » Neutral

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