UPGRADES
NVIDIA NVDA AmTech Research Sell » Neutral
Great A&P Tea GAP CIBC Wrld Mkts Sector Perform » Sector Outperform
ICF International ICFI Stifel Nicolaus Hold » Buy
EXFO EXFO Roth Capital Hold » Buy
Bucyrus BUCY Robert W. Baird Neutral » Outperform
Texas Industries TXI KeyBanc Capital Mkts Hold » Buy
Enbridge ENB RBC Capital Mkts Sector Perform » Outperform
Zumiez ZUMZ Piper Jaffray Neutral » Buy
Shutterfly SFLY Jefferies & Co Hold » Buy
LDK Solar LDK CIBC Wrld Mkts Sector Underperform » Sector Perform
Fairport Comms FRP JP Morgan Neutral » Overweight
Fed Investors FII JP Morgan Neutral » Overweight
Delta Air Lines DAL Bear Stearns Peer Perform » Outperform
Forward Air FWRD Bear Stearns Underperform » Peer Perform
AU Optronics AUO Lehman Brothers Equal-weight » Overweight
Tenaris TS Citigroup Hold » Buy
PPD Inc. PPDI UBS Neutral » Buy
Weingarten Realty WRI UBS Sell » Neutral
AMR Corp AMR UBS Sell » Neutral
Continental Air CAL UBS Neutral » Buy
Northwest Airlines NWA UBS Neutral » Buy
US Airways LCC UBS Neutral » Buy
UAL Corp. UAUA UBS Neutral » Buy
Delta Air Lines DAL UBS Neutral » Buy
Supervalu SVU UBS Sell » Neutral
Reynolds American RAI UBS Neutral » Buy
Shire Pharm SHPGY Robert W. Baird Neutral » Outperform
DOWNGRADES
LSI Industries LYTS Canaccord Adams Buy » Hold
Petrobras Energia Participaciones S.A. PZE Citigroup Hold » Sell
Goldcorp GG RBC Capital Mkts Outperform » Sector Perform
Lamar Advertising LAMR Stanford Research Buy » Hold
Saba Software SABA Brean Murray Buy » Hold
First Potomac Realty FPO BMO Capital Markets Outperform » Market Perform
PS Business Parks PSB BMO Capital Markets Outperform » Market Perform
Equity Res EQR BMO Capital Markets Outperform » Market Perform
Astec Industries ASTE Robert W. Baird Outperform » Neutral
Freightcar America RAIL KeyBanc Capital Mkts Buy » Hold
Alliant Tech ATK Friedman Billings Outperform » Mkt Perform
Hythiam HYTM RBC Capital Mkts Outperform » Sector Perform
Petrobras Energia Participaciones S.A. PZE Bear Stearns Peer Perform » Underperform
IberiaBank IBKC Keefe Bruyette Mkt Perform » Underperform
Red Lion Hotels RLH JMP Securities Strong Buy » Mkt Outperform
Morgans Hotel Group MHGC JMP Securities Strong Buy » Mkt Outperform
Garmin GRMN Deutsche Securities Buy » Hold
Express Scripts ESRX Wachovia Outperform » Mkt Perform
Air Tran Holdings AAI Bear Stearns Outperform » Peer Perform
Tesoro TSO Bear Stearns Peer Perform » Underperform
Family Dollar FDO Bear Stearns Peer Perform » Underperform
Centene CNC Bear Stearns Outperform » Peer Perform
ArQule ARQL Banc of America Sec Buy » Neutral
NCR Corp NCR Robert W. Baird Outperform » Neutral
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