UPGRADES
Oceanfreight OCNF Ferris Baker Watts Neutral » Buy
Shaw Group SGR SMH Capital Sell » Neutral
Synopsys SNPS Deutsche Securities Hold » Buy
Kenexa KNXA Brean Murray Hold » Buy
Activision ATVI Piper Jaffray Neutral » Buy
Align Tech ALGN Jefferies & Co Underperform » Hold
National Semi NSM JMP Securities Mkt Perform » Mkt Outperform
Advance Auto AAP JP Morgan Neutral » Overweight
AutoZone AZO JP Morgan Underweight » Neutral
Yingli Green Energy YGE Banc of America Sec Neutral » Buy
JC Penney JCP Lehman Brothers Equal-weight » Overweight
Sunpower SPWR Jefferies & Co Hold » Buy
Jabil Circuit JBL Robert W. Baird Neutral » Outperform
Cintas CTAS Robert W. Baird Neutral » Outperform
DOWNGRADES
Hecla Mining HL BMO Capital Markets Market Perform » Underperform
CIBC CM BMO Capital Markets Outperform » Market Perform
Smith & Wesson SWHC DA Davidson Buy » Neutral
Olympic Steel ZEUS Longbow Buy » Neutral
Napster NAPS Kaufman Bros Buy » Hold
American Express AXP Stifel Nicolaus Buy » Hold
Smith & Wesson SWHC Cowen & Co Outperform » Neutral
Diodes DIOD Morgan Keegan Outperform » Mkt Perform
Intersil ISIL Morgan Keegan Outperform » Mkt Perform
Lennar LEN Deutsche Securities Buy » Hold
Target TGT Banc of America Sec Buy » Neutral
Claymont Steel PLTE CIBC Wrld Mkts Sector Outperform » Sector Perform
Energy East EAS Jefferies & Co Hold » Underperform
McAfee MFE Friedman Billings Outperform » Mkt Perform
Smith & Wesson SWHC Rodman & Renshaw Mkt Perform » Mkt Underperform
