UPGRADES
Occidental Petro (OXY)= BMO Capital Markets Market Perform » Outperform
Magna (MGA)= RBC Capital Mkts Sector Perform » Outperform
Odyssey Healthcare (ODSY)= Leerink Swann Mkt Perform » Outperform
Comtech (COGO)= Needham & Co Buy » Strong Buy
Hi-Tech Pharma (HITK)= FTN Midwest Neutral » Buy
NYMEX (NMX)= BMO Capital Markets Market Perform » Outperform
Quiksilver (ZQK)= Morgan Keegan Mkt Perform » Outperform
Tesoro (TSO)= BMO Capital Markets Market Perform » Outperform
Stryker (SYK)= Wachovia Mkt Perform » Outperform
Boeing (BA)= Bernstein Mkt Perform » Outperform
Callaway Golf (ELY)= Wachovia Mkt Perform » Outperform
Ctrip.com (CTRP)= Susquehanna Financial Neutral » Positive
Melco PBL Entertainment (MPEL)= UBS Neutral » Buy
Western Union (WU)= Oppenheimer Perform » Outperform
TIBCO Software (TIBX)= Citigroup Hold » Buy
Coeur d'Alene Mines (CDE)= CIBC Wrld Mkts Sector Perform » Sector Outperform
Millennium Pharm (MLNM)= JP Morgan Underweight » Neutral
Alberto-Culver (ACV)= Citigroup Hold » Buy
eBay (EBAY)= Bear Stearns Peer Perform » Outperform
Ashford Hospitality Trust (AHT)= Robert W. Baird Neutral » Outperform
Biogen Idec (BIIB)= Banc of America Sec Neutral » Buy
DOWNGRADES
Precision Drilling (PDS)= BMO Capital Markets Outperform » Market Perform
TeleTech (TTEC)= RBC Capital Mkts Outperform » Underperform
Genomic Health (GHDX)= Leerink Swann Outperform » Mkt Perform
Intervest Bancshares Corp (IBCA)= Stifel Nicolaus Buy » Hold
Sunpower (SPWR)= Credit Suisse Outperform » Neutral
Gerdau AmeriSteel (GNA)= KeyBanc Capital Mkts Aggressive Buy » Buy
MicroStrategy (MSTR)= Sun Trust Rbsn Humphrey Buy » Neutral
A.M. Castle (CAS)= KeyBanc Capital Mkts Buy » Hold
Jones Soda (JSDA)= Piper Jaffray Buy » Neutral
Wells Fargo (WFC)= Oppenheimer Outperform » Perform
Daimler AG (DAI)= Bernstein Outperform » Mkt Perform
JP Morgan Chase (JPM)= Oppenheimer Outperform » Perform
deCODE genetics (DCGN)= Lehman Brothers Equal-weight » Underweight
Harley-Davidson (HOG)= Citigroup Hold » Sell
Intel (INTC)= Charter Equity Buy » Mkt Perform
Silver Wheaton (SLW)= CIBC Wrld Mkts Sector Perform » Sector Underperform
Adobe Systems (ADBE)= UBS Buy » Neutral
Epicor Software (EPIC)= UBS Buy » Neutral
McAfee (MFE)= UBS Buy » Neutral
Disclosure ("none" means no position):
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