UPGRADES
NuVasive (NUVA)= SMH Capital Short » Neutral
Dime Community (DCOM)= FTN Midwest Neutral » Buy
Pantry (PTRY)= William Blair Mkt Perform » Outperform
WNS (WNS)= Janney Mntgmy Scott Neutral » Buy
Zoran (ZRAN)= Canaccord Adams Sell » Hold
Bill Barrett (BBG)= Deutsche Securities Hold » Buy
First Charter Corp. (FCTR)= FTN Midwest Neutral » Buy
DaVita (DVA)= Piper Jaffray Sell » Neutral
Whiting Petroleum (WLL)= RBC Capital Mkts Underperform » Sector Perform
UAL Corp. (UAUA )=Soleil Hold » Buy
EnergySolutions (ES0= JP Morgan Neutral » Overweight
Canon (CAJ)= Lehman Brothers Equal-weight » Overweight
Exterran Holdings (EXH)= Citigroup Hold » Buy
Tidewater (TDW)= JP Morgan Neutral » Overweight
Western Refining (WNR)= Credit Suisse Underperform » Neutral
Tesoro (TSO)= Credit Suisse Neutral » Outperform
Holly (HOC)= Credit Suisse Underperform » Neutral
Caterpillar (CAT)= Bear Stearns Peer Perform » Outperform
Eastman Chem (EMN)= UBS Neutral » Buy
Kimberly-Clark (KMB)= Lehman Brothers Equal-weight » Overweight
General Mills (GIS)= Citigroup Hold » Buy
Kellogg (K )= Citigroup Hold » Buy
Merck (MRK)= UBS Neutral » Buy
Plantronics (PLT)= JP Morgan Underweight » Neutral
Gentex (GNTX )= UBS Sell » Neutral
Weatherford (WFT)= Friedman Billings Mkt Perform » Outperform
Medarex (MEDX)= Jefferies & Co Hold » Buy
Cytec (CYT)= Jefferies & Co Hold » Buy
ICF International (ICFI)= Jefferies & Co Hold » Buy
South Fincl Group (TSFG)= Keefe Bruyette Underperform » Mkt Perform
DOWNGRADES
RC2 (RCRC)= Wedbush Morgan Buy » Hold
Old Second Bancorp Inc. (OSBC)= Sandler O’Neill Hold » Sell
H.B. Fuller ( FUL)= KeyBanc Capital Mkts Aggressive Buy » Buy
Raven Industries (RAVN)= Piper Jaffray Neutral » Sell
Allied Irish Banks, plc. (AIB)= UBS Neutral » Sell
Bank of Ireland (IRE)= UBS Buy » Neutral
Molina Healthcare (MOH)= Deutsche Securities Hold » Sell
Noble Corp (NE)= JP Morgan Overweight » Neutral
Shire Pharm (SHPGY)= Bernstein Mkt Perform » Underperform
Walgreen (WAG )= Citigroup Hold » Sell
Fed Investors (FII+ Keefe Bruyette Outperform » Mkt Perform
