UPGRADES
State Street STT Punk, Ziegel & Co Mkt Perform » Buy
Smurfit-Stone SSCC DA Davidson Neutral » Buy
Aqua America WTR Janney Mntgmy Scott Neutral » Buy
Amer States Water AWR Janney Mntgmy Scott Neutral » Buy
Voyager Learning VLCY Bear Stearns Underperform » Peer Perform
Kingsway Fin KFS Ferris Baker Watts Sell » Neutral
II-VI Inc IIVI Roth Capital Hold » Buy
Gold Fields GFI UBS Neutral » Buy
RadioShack RSH BMO Capital Markets Underperform » Market Perform
NeuroMetrix NURO Sun Trust Rbsn Humphrey Neutral » Buy
Sina SINA Piper Jaffray Neutral » Buy
Intersil ISIL UBS Neutral » Buy
FMC Tech FTI Wachovia Underperform » Mkt Perform
Infinity Prpty & Casualty IPCC Credit Suisse Neutral » Outperform
Digital River DRIV Credit Suisse Neutral » Outperform
United Rentals URI UBS Neutral » Buy
DOWNGRADES
Grant Prideco GRP Stifel Nicolaus Buy » Hold
AXT Inc AXTI Roth Capital Buy » Hold
CNET CNET Stanford Research Buy » Hold
YRC Worldwide YRCW Wachovia Mkt Perform » Underperform
Murphy Oil MUR Bear Stearns Outperform » Peer Perform
Silver Wheaton SLW RBC Capital Mkts Sector Perform » Underperform
OSI Pharm OSIP Lehman Brothers Overweight » Equal-weight
Vertex Pharm VRTX Wachovia Mkt Perform » Underperform
Disclosure:
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