Upgrades
Epicor Software (EPIC)- Lazard Capital Hold » Buy
Omnicell (OMCL)- Caris & Company Average » Buy
Silver Wheaton (SLW )- UBS Neutral » Buy
Goldcorp (GG)- BMO Capital Markets Market Perform » Outperform
Lehman Brothers (LEH)- Punk, Ziegel & Co Mkt Perform » Buy
Merrill Lynch (MER)- Punk, Ziegel & Co Sell » Mkt Perform
Goldman Sachs (GS)- Punk, Ziegel & Co Sell » Mkt Perform
Puget Energy (PSD)- KeyBanc Capital Mkts Hold » Buy
BladeLogic (BLOG)- UBS Neutral » Buy
Joy Global (JOYG)- KeyBanc Capital Mkts Hold » Buy
Sirtris Pharma (SIRT)- Piper Jaffray Neutral » Buy
Bucyrus (BUCY)- KeyBanc Capital Mkts Hold » Buy
Pep Boys (PBY)- Credit Suisse Underperform » Neutral
Halliburton (HAL)- JP Morgan Neutral » Overweight
Cablevision (CVC)- Deutsche Securities Hold » Buy
Sara Lee (SLE)- Bear Stearns Underperform » Peer Perform
Gamestop (GME)- Citigroup Hold » Buy
PepsiAmericas (PAS)- JP Morgan Underweight » Neutral
Palm (PALM)- JP Morgan Underweight » Overweight
Covance (CVD)- UBS Neutral » Buy
Charles River (CRL)- UBS Neutral » Buy
Ntelos Holdings (NTLS)- UBS Neutral » Buy
BT Group PLC (BT)- JP Morgan Underweight » Neutral
Patterson-UTI (PTEN)- Jefferies & Co Hold » Buy
Pioneer Drilling (PDC)- Jefferies & Co Hold » Buy
Union Drilling (UDRL)- Jefferies & Co Hold » Buy
Siliconware Precision (SPIL)- Merriman Curhan Ford Neutral » Buy
Downgrades
Pier 1 Imports (PIR)- Morgan Keegan Mkt Perform » Underperform
Wells Fargo (WFC)- Stifel Nicolaus Hold » Sell
US Bancorp (USB)- Stifel Nicolaus Hold » Sell
SunTrust Banks (STI)- Stifel Nicolaus Hold » Sell
NY Comm Bancrp (NYB)- Stifel Nicolaus Buy » Hold
Marshall & Ilsley (MI)- Stifel Nicolaus Buy » Hold
InterActive (IACI)- Stifel Nicolaus Buy » Hold
Colnl BancGrp (CNB)- Stifel Nicolaus Hold » Sell
Synovus (SNV)- Sterne Agee Buy » Hold
Administaff (ASF)- First Analysis Sec Overweight » Equal-Weight
Harris Interactive (HPOL)- Piper Jaffray Buy » Neutral
Yahoo! (YHOO)- Soleil Buy » Hold
Gannett (GCI)- Bear Stearns Outperform » Peer Perform
Scientific Games (SGMS )-Bear Stearns Outperform » Peer Perform
Bankrate (RATE)- Citigroup Buy » Hold
American Commercial Lines (ACLI)- UBS Buy » Neutral
Broadcom (BRCM)- JP Morgan Overweight » Neutral
Banco Santander Central (STD)- UBS Buy » Neutral
American Express (AXP)- UBS Buy » Sell
Capital One (COF)- UBS Neutral » Sell
Discover Financial Services (DFS)- UBS Neutral » Sell
VASCO Data Security (VDSI)- Jefferies & Co Buy » Hold
Sourcefire (FIRE)- Jefferies & Co Buy » Hold
Limelight Networks (LLNW)- Jefferies & Co Hold » Underperform
Comerica (CMA )- Robert W. Baird Outperform » Neutral
SunTrust Banks (STI)- Robert W. Baird Neutral » Underperform
Bankrate (RATE)- Merriman Curhan Ford Buy » Neutral
Audible (ADBL) JMP Securities Mkt Outperform » Mkt Perform
