UPGRADES
Sunpower (SPWR)= Janco Partners Accumulate » Buy
THQ Inc (THQI )=Janco Partners Accumulate » Buy
Elizabeth Arden (RDEN)= Wedbush Morgan Hold » Buy
AVX Corp (AVX)= AmTech Research Sell » Buy
Canadian Natrl Res (CNQ)= CIBC Wrld Mkts Sector Perform » Sector Outperform
XL Capital (XL)= Stifel Nicolaus Hold » Buy
Centurytel (CTL)= Stifel Nicolaus Hold » Buy
Astoria Fincl (AF)= Stifel Nicolaus Sell » Hold
Ctrip.com (CTRP )= Piper Jaffray Neutral » Buy
NYSE Euronext (NYX)= Piper Jaffray Neutral » Buy
Applied Bio (ABI)= Piper Jaffray Neutral » Buy
Sunpower (SPWR)= Piper Jaffray Neutral » Buy
Compuware (CPWR)= Piper Jaffray Neutral » Buy
Assured Guaranty (AGO)= JP Morgan Neutral » Overweight
ATP Oil & Gas (ATPG)= RBC Capital Mkts Underperform » Sector Perform
Co. Paran. de Energ (ELP)= Bear Stearns Peer Perform » Outperform
Cheesecake Factory (CAKE )= Friedman Billings Underperform » Mkt Perform
Methanex (MEOH)= UBS Neutral » Buy
Microchip (MCHP)= Credit Suisse Neutral » Outperform
ChoicePoint (CPS)= Sun Trust Rbsn Humphrey Reduce » Neutral
Emulex (ELX)= Friedman Billings Mkt Perform » Outperform
OmniVision (OVTI)= Robert W. Baird Neutral » Outperform
Textron (TXT)= Citigroup Hold » Buy
Arcelor Mittal (MT)= Citigroup Hold » Buy
Arcelor Mittal (MT)= Deutsche Securities Hold » Buy
Air Tran Holdings (AAI)= JP Morgan Neutral » Overweight
CKX Inc. (CKXE)= Bear Stearns Peer Perform » Outperform
ScanSource (SCSC)= Bear Stearns Underperform » Peer Perform
Tenneco (TEN)= Bear Stearns Underperform » Outperform
Federal Signal (FSS)= KeyBanc Capital Mkts Hold » Buy
Bronco Drilling (BRNC)= Friedman Billings Underperform » Mkt Perform
DOWNGRADES
SunOpta (STKL)= Northland Securities Outperform » Market Perform
Integrated Device (IDTI)= Longbow Buy » Neutral
Integrated Device (IDTI)= Citigroup Buy » Hold
Bronco Drilling (BRNC)= BMO Capital Markets Outperform » Market Perform
Electro Scientific (ESIO)= Brean Murray Buy » Hold
Bancshares Of Florida (BOFL )= Sun Trust Rbsn Humphrey Buy » Neutral
City National (CYN)= Bear Stearns Outperform » Peer Perform
Synovus (SNV)= Keefe Bruyette Outperform » Mkt Perform
Royal Dutch Shell (RDS.A)= JP Morgan Neutral » Underweight
Fairchild Semi (FCS)= Citigroup Buy » Hold
Celera Genomics (CRA)= Piper Jaffray Buy » Neutral
AT&T (T)= Citigroup Buy » Hold
Bronco Drilling (BRNC)= Jefferies & Co Buy » Hold
Frontier Airlines (FRNT)= JP Morgan Overweight » Underweight
Cabot Micro (CCMP)= GARP Research Buy » Neutral
Sonic Foundry (SOFO)= Merriman Curhan Ford Buy » Neutral
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