Upgrades
Leapfrog (LF)- BMO Capital Markets Market Perform » Outperform
Cogdell Spencer (CSA)- Citigroup Sell » Hold
Quiksilver (ZQK)- Caris & Company Average » Above Average
Dvlps Divers Realty (DDR)- Citigroup Sell » Hold
Saks (SKS)- Bear Stearns Underperform » Peer Perform
Chunghwa Telecom (CHT)- Credit Suisse Neutral » Outperform
Dillard’s (DDS)- Credit Suisse Underperform » Neutral
Crosstex Energy (XTEX)- RBC Capital Mkts Underperform » Sector Perform
Vonage (VG)- Bear Stearns Underperform » Peer Perform
Limelight Networks (LLNW )- Jefferies & Co Underperform » Hold
Diebold (DBD)- Robert W. Baird Neutral » Outperform
Charles & Colvard (CTHR)- Merriman Curhan Ford Neutral » Buy
Downgrades
Bottomline Tech (EPAY)- Canaccord Adams Buy » Hold
W&T Offshore (WTI)- BMO Capital Markets Market Perform » Underperform
Telecom Italia (TI)- Credit Suisse Neutral » Underperform
Barnes & Noble (BKS)- Credit Suisse Outperform » Neutral
Thornburg Mortg (TMA)- RBC Capital Mkts Sector Perform » Underperform
Goodrich Petroleum (GDP)- BMO Capital Markets Outperform » Market Perform
American Campus Communities (ACC)- Citigroup Hold » Sell
Houston Wire & Cable (HWCC)- BB&T Capital Mkts Buy » Hold
Novell (NOVL)- Jefferies & Co Buy » Hold
Barnes & Noble (BKS)- JP Morgan Neutral » Underweight
EOG Resources (EOG)- Oppenheimer Perform » Underperform
Diebold (DBD)- Jefferies & Co Buy » Hold
Deerfield Triarc Capital (DFR)- Credit Suisse Outperform » Neutral
Par Pharmaceutical (PRX)- JP Morgan Neutral » Underweight
ConocoPhillips (COP)- Lehman Brothers Overweight » Equal-weight
Best Buy (BBY)- Banc of America Sec Buy » Neutral
