UPGRADES
Arris ARRS CIBC Wrld Mkts Sector Perform » Sector Outperform
Five Star Quality Care FVE RBC Capital Mkts Sector Perform » Outperform
Sonus Networks SONS Piper Jaffray Market Perform » Outperform
Lincare LNCR Jefferies & Co Hold » Buy
Gentiva Health Svcs GTIV Jefferies & Co Hold » Buy
Ternium S.A. TX Deutsche Securities Hold » Buy
U.S. Steel X Deutsche Securities Hold » Buy
Comp Siderurgica SID Deutsche Securities Hold » Buy
Royal KPN KPN Bear Stearns Peer Perform » Outperform
DOWNGRADES
Business Objects BOBJ Wedbush Morgan Buy » Hold
Level 3 LVLT Cowen & Co Outperform » Neutral
Cablevision CVC Citigroup Hold » Sell
Wells Fargo WFC Stifel Nicolaus Buy » Hold
TETRA Tech TTI Stifel Nicolaus Buy » Hold
Shuffle Master SHFL Morgan Joseph Hold » Sell
Quintana Maritime QMAR Oppenheimer Neutral » Sell
ValueClick VCLK Oppenheimer Buy » Neutral
Seacoast Banking SBCF Oppenheimer Buy » Neutral
LM Ericsson ERIC Lehman Brothers Overweight » Equal-weight
Robbins & Myers RBN Friedman Billings Outperform » Mkt Perform
TIBCO Software TIBX Bear Stearns Peer Perform » Underperform
BMC Software BMC Bear Stearns Peer Perform » Underperform
Autodesk ADSK UBS Buy » Neutral
Cognos COGN Friedman Billings Outperform » Mkt Perform
PACCAR PCAR Wachovia Mkt Perform » Underperform
