Tuesday's Upgrades and Downgrades

UPGRADES
Netflix NFLX Piper Jaffray Neutral » Buy
Broadcom BRCM AmTech Research Neutral » Buy
Regeneron Pharms REGN Caris & Company Average » Above Average
Activision ATVI BMO Capital Markets Market Perform » Outperform
Advanced Micro AMD Caris & Company Sell » Below Average
Cbeyond Comms CBEY Wachovia Mkt Perform » Outperform
Telkom SA TKG Credit Suisse Neutral » Outperform
Cybex CYBI Oppenheimer Neutral » Buy
Discovery DISCA Wachovia Mkt Perform » Outperform
Gevity GVHR JMP Securities Mkt Perform » Mkt Outperform
KBR Inc. KBR UBS Neutral » Buy
Integrys Energy TEG Robert W. Baird Neutral » Outperform
Bankrate RATE Merriman Curhan Ford Neutral » Buy

DOWNGRADES
AbitibiBowater ABH DA Davidson Neutral » Underperform
Activision ATVI Wedbush Morgan Strong Buy » Buy
Tenneco TEN Lehman Brothers Overweight » Equal-weight
AGCO Corp AG Stifel Nicolaus Buy » Hold
Rofin-Sinar Technologies RSTI Brean Murray Buy » Hold
Pinnacle PNK Lehman Brothers Overweight » Equal-weight
Research In Motion RIMM Morgan Keegan Outperform » Mkt Perform
Xenoport XNPT Friedman Billings Outperform » Mkt Perform
American Axle AXL Lehman Brothers Overweight » Equal-weight
Johnson Controls JCI Lehman Brothers Overweight » Equal-weight
UAL Corp. UAUA Lehman Brothers Overweight » Equal-weight
E*TRADE ETFC Banc of America Sec Neutral » Sell
Sterling Banc SBIB Robert W. Baird Outperform » Neutral
Virginia Commerce Bancorp VCBI Robert W. Baird Outperform » Neutral

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