UPGRADES
EDS EDS Bernstein Mkt Perform » Outperform
BB&T Corp BBT Oppenheimer Sell » Neutral
Orient-Express OEH UBS Neutral » Buy
NOVA Chemicals NCX UBS Neutral » Buy
Office Depot ODP Credit Suisse Underperform » Neutral
Deutsche Telekom DT Lehman Brothers Underweight » Equal-weight
Dick’s Sporting Goods DKS Citigroup Hold » Buy
DOWNGRADES
Smithfield Foods SFD Davenport Buy » Neutral
eHealth EHTH FTN Midwest Buy » Neutral
Highwoods Prop HIW Stifel Nicolaus Buy » Hold
Colonial Properties CLP UBS Neutral » Sell
Jamba JMBA Morgan Joseph Buy » Hold
Stein Mart SMRT Sun Trust Rbsn Humphrey Buy » Neutral
Hibbett Sporting HIBB CIBC Wrld Mkts Sector Outperform » Sector Perform
Gorman-Rupp Company GRC Friedman Billings Mkt Perform » Underperform
Office Depot ODP Bear Stearns Outperform » Peer Perform
Circuit City CC JP Morgan Overweight » Neutral
Telecom Italia TI Lehman Brothers Equal-weight » Underweight
Hot Topic HOTT Citigroup Buy » Hold
