UPGRADES
CSK Auto CAO Kevin Dann Hold » Buy
Washington Mutual WM Punk, Ziegel & Co Mkt Perform » Buy
Ultrapertol ULTR UBS Neutral » Buy
Network Appliance NTAP AG Edwards Hold » Buy
Network Appliance NTAP Caris & Company Above Average » Buy
Navigant Consult NCI Piper Jaffray Market Perform » Outperform
Ansoft ANST Boenning & Scattergood Market Perform » Market Outperform
Terra Industries TRA Matrix Research Hold » Strong Buy
DOWNGRADES
Woodward Governor WGOV Matrix Research Buy » Hold
Acusphere ACUS Susquehanna Financial Positive » Neutral
Dover Downs Gaming DDE KeyBanc Capital Mkts / McDonald Buy » Hold
Meruelo Maddux MMPI UBS Neutral » Sell