Wednesday's Upgrades and Downgrades

UPGRADES

Prospect Energy PSEC Davenport Neutral » Buy
Quicksilver Resrcs KWK Canaccord Adams Hold » Buy
Ceragon CRNT Ferris Baker Watts Neutral » Buy
Ingersoll-Rand IR Deutsche Securities Hold » Buy
Adobe Systems ADBE Deutsche Securities Hold » Buy
Symantec SYMC Bear Stearns Underperform » Peer Perform
DaVita DVA Oppenheimer Neutral » Buy
Intl Paper IP Credit Suisse Neutral » Outperform
Embarq EQ JP Morgan Neutral » Overweight
Fairport Comms FRP JP Morgan Underweight » Neutral
Occidental Petro OXY Friedman Billings Underperform » Mkt Perform
Royal Gold RGLD HSBC Securities Neutral » Overweight
Equity Res EQR Lehman Brothers Equal-weight » Overweight
Cirrus Logic CRUS Jefferies & Co Hold » Buy
Forest Labs FRX Soleil Hold » Buy
Atwood Oceanics ATW Banc of America Sec Neutral » Buy
Gulfmark Offshore GLF Banc of America Sec Neutral » Buy

DOWNGRADES

Adobe Systems ADBE Davenport Neutral » Reduce/Sell
ACI Worldwide ACIW Janney Mntgmy Scott Buy » Neutral
Starent Networks STAR JP Morgan Overweight » Neutral
Tempur-Pedic TPX William Blair Outperform » Mkt Perform
Embraer SA ERJ Credit Suisse Outperform » Neutral
Carrier Access CACS Needham & Co Buy » Hold
Asta Funding ASFI Kaufman Bros Buy » Hold
TransTech TT KeyBanc Capital Mkts Aggressive Buy » Hold
AvalonBay AVB Robert W. Baird Outperform » Neutral
Associated Estates AEC Robert W. Baird Outperform » Neutral
Marshall & Ilsley MI Deutsche Securities Buy » Hold
Trident Microsystems TRID Roth Capital Buy » Hold
Zymogenetics ZGEN Banc of America Sec Buy » Neutral
Nestle NSRGY UBS Buy » Neutral
Lincare LNCR Oppenheimer Buy » Neutral
Windstream WIN JP Morgan Neutral » Underweight
Cousins Prop CUZ Lehman Brothers Overweight » Equal-weight
Allianz AG AZ Lehman Brothers Overweight » Equal-weight
Mack-Cali Realty CLI Lehman Brothers Equal-weight » Underweight
TransTech TT Lehman Brothers Overweight » Equal-weight
Grant Prideco GRP Citigroup Buy » Hold

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