Upgrades
Sara Lee (SLE)- DA Davidson Underperform » Neutral
Netease.com (NTES)- Brean Murray Hold » Buy
Sepracor (SEPR)- AmTech Research Sell » Neutral
Methanex (MEOH)- CIBC Wrld Mkts Sector Perform » Sector Outperform
BioMed Realty (BMR)- Stifel Nicolaus Hold » Buy
Pier 1 Imports (PIR)- Wachovia Mkt Perform » Outperform
Deutsche Telekom (DT)- JP Morgan Underweight » Neutral
Lululemon Athletica (LULU)- BMO Capital Markets Underperform » Market Perform
OSI Pharm (OSIP)- Wachovia Mkt Perform » Outperform
Anglogold (AU)- UBS Neutral » Buy
MercadoLibre (MELI)- RBC Capital Mkts Sector Perform » Outperform
Prudential Plc (PUK)- JP Morgan Underweight » Neutral
Entergy (ETR)- Jefferies & Co Hold » Buy
Exelon (EXC)- Jefferies & Co Hold » Buy
Northrop Grumman (NOC)- Oppenheimer Perform » Outperform
Seagate Tech (STX)- JP Morgan Neutral » Overweight
Kohl’s (KSS)- JP Morgan Neutral » Overweight
Darden Restaurants (DRI)- Bear Stearns Peer Perform » Outperform
Expeditors Intl (EXPD)- UBS Neutral » Buy
DeVRY (DV)- Lehman Brothers Equal-weight » Overweight
Downgrades
Provident Bank (PBKS)- Fox Pitt In Line » Underperform
Helix Energy (HLX)- CapitalOne southcoast Strong Buy » Add
Amylin Pharms (AMLN)- Lazard Capital Buy » Hold
Royal Bank of Canada (RY)- BMO Capital Markets Market Perform » Underperform
Supertex (SUPX)- Piper Jaffray Buy » Neutral
Alnylam Pharmaceuticals (ALNY)- Needham & Co Hold » Underperform
Cablevision (CVC)- Pali Research Buy » Sell
Apollo Group (APOL)- Banc of America Sec Buy » Sell
Isle of Capri (ISLE)- Brean Murray Buy » Hold
SW Energy (SWN)- Sun Trust Rbsn Humphrey Buy » Neutral
Western Digital (WDC)- JP Morgan Neutral » Underweight
Ford Motor (F)- Citigroup Hold » Sell
Omnicare (OCR)- Oppenheimer Outperform » Perform
DealerTrack (TRAK)- Lehman Brothers Overweight » Equal-weight
