Upgrades
Alliance Data (ADS)= Robert W. Baird Neutral » Outperform
MIPS Techs (MIPS)= B. Riley & Co Neutral » Buy
Ryder System (R)= BB&T Capital Mkts Hold » Buy
NCR Corp (NCR)= Wedbush Morgan Buy » Strong Buy
Imation (IMN )= Needham & Co Hold » Buy
Cablevision (CVC)= Kaufman Bros Sell » Hold
Big Lots (BIG)= Wachovia Underperform » Mkt Perform
Enterprises Finl (EFSC)= Keefe Bruyette Underperform » Mkt Perform
Comerica (CMA)= Rochdale Securities Sell » Hold
Pinnacle West (PNW )= Lehman Brothers Underweight » Equal-weight
Alliance Data (ADS)= Sun Trust Rbsn Humphrey Neutral » Buy
SCP Pool (POOL)= JP Morgan Neutral » Overweight
Alliance Data (ADS)= JMP Securities Mkt Perform » Mkt Outperform
Alliance Data (ADS )= Bear Stearns Peer Perform » Outperform
Sealed Air (SEE)= Credit Suisse Underperform » Neutral
Astoria Fincl (AF)= Bear Stearns Underperform » Outperform
Nordstrom (JWN)= Bear Stearns Peer Perform » Outperform
Hess (HES)= JP Morgan Neutral » Overweight
Gilead Sciences (GILD)= Wachovia Mkt Perform » Outperform
Downgrades
Cirrus Logic (CRUS)= Longbow Buy » Neutral
Polo Ralph Lauren (RL)= Morgan Keegan Mkt Perform » Underperform
Mattson (MTSN)= Caris & Company Above Average » Average
Allstate (ALL)= Sandler O’Neill Buy » Hold
bebe stores (BEBE)= Morgan Keegan Outperform » Mkt Perform
Audible (ADBL)= Merriman Curhan Ford Buy » Neutral
Accuray (ARAY)= Soleil Buy » Hold
TriCo Bancshares (TCBK)= Keefe Bruyette Outperform » Mkt Perform
Affiliated Managers (AMG)= Keefe Bruyette Outperform » Mkt Perform
Baker Hughes (BHI)= RBC Capital Mkts Outperform » Underperform
Schlumberger (SLB)= RBC Capital Mkts Outperform » Sector Perform
W&T Offshore (WTI)= JP Morgan Neutral » Underweight
Saks (SKS)= Bear Stearns Peer Perform » Underperform
NuCo2 (NUCO)= Bear Stearns Outperform » Peer Perform
Baker Hughes (BHI)= Wachovia Outperform » Mkt Perform
Delhaize Group (DEG)= JP Morgan Overweight » Neutral
Harris Stratex (HSTX)= Morgan Joseph Buy » Hold
Century Aluminum (CENX)= Friedman Billings Outperform » Mkt Perform
Cadence Design (CDNS)= JP Morgan Neutral » Underweight
Polo Ralph Lauren (RL)= Banc of America Sec Buy » Neutral
Monster Worldwide (MNST)= Deutsche Securities Buy » Hold
Adobe Systems (ADBE)= Jefferies & Co Buy » Underperform
YUM! Brands (YUM) Deutsche Securities Buy » Hold
