Upgrades
Global Sources (GSOL)- Citigroup Hold » Buy
AbitibiBowater (ABH)- BMO Capital Markets Underperform » Market Perform
Genitope (GTOP)- Brean Murray Sell » Hold
Level 3 (LVLT)- Janco Partners Mkt Perform » Accumulate
Chico’s (FAS)- CHS Citigroup Sell » Hold
Aeropostale (ARO)- Morgan Keegan Mkt Perform » Outperform
JP Morgan Chase (JPM)- Fox Pitt In Line » Outperform
Wells Fargo (WFC)- Fox Pitt In Line » Outperform
Cepheid (CPHD)- Caris & Company Above Average » Buy
Riverbed Technology (RVBD)- BMO Capital Markets Market Perform » Outperform
American Commercial Lines (ACLI)- Stifel Nicolaus Hold » Buy
United Thera (UTHR)- Stanford Research Hold » Buy
Select Comfort (SCSS)- Morgan Keegan Underperform » Mkt Perform
Air Tran Holdings (AAI)- Credit Suisse Neutral » Outperform
Phase Forward (PFWD )- Brean Murray Hold » Buy
FLIR Systems (FLIR)- Bear Stearns Peer Perform » Outperform
PeopleSupport (PSPT)- JMP Securities Mkt Perform » Mkt Outperform
Lululemon Athletica (LULU)- Credit Suisse Neutral » Outperform
Medcath (MDTH)- Credit Suisse Neutral » Outperform
Pzena (PZN)- Keefe Bruyette Underperform » Mkt Perform
Diamondrock Hospitality (DRH)- Robert W. Baird Neutral » Outperform
Commercial Vehicle Group (CVGI)- Robert W. Baird Underperform » Neutral
Weyerhaeuser (WY)- UBS Neutral » Buy
Downgrades
Marvel Enterprises (MVL)- Janco Partners Accumulate » Mkt Perform
Keryx Biopharma (KERX )- Punk, Ziegel & Co Buy » Accumulate
US Bancorp (USB)-Fox Pitt Outperform » In Line
Bank of America (BAC)- Fox Pitt Outperform » In Line
Cabot Micro (CCMP)- Longbow Buy » Neutral
MSC Industrial (MSM)- Morgan Keegan Outperform » Mkt Perform
Superior Well Services (SWSI)- KeyBanc Capital Mkts Buy » Hold
Applied Industrial (AIT)- Morgan Keegan Outperform » Mkt Perform
Moody’s (MCO)- Lehman Brothers Overweight » Underweight
WellPoint (WLP)- Stifel Nicolaus Buy » Hold
Coventry Health Care (CVH)- Stifel Nicolaus Buy » Hold
Charter Comm (CHTR)- Credit Suisse Outperform » Neutral
US Airways (LCC)- Credit Suisse Outperform » Neutral
Northwest Airlines (NWA)- Credit Suisse Outperform » Neutral
AMR Corp (AMR)- Credit Suisse Outperform » Underperform
WellPoint (WLP)- Bear Stearns Outperform » Peer Perform
Deerfield Triarc Capital (DFR)- Jefferies & Co Buy » Underperform
Texas Instruments (TXN)- Piper Jaffray Buy » Neutral
Citrix Systems (CTXS)- Jefferies & Co Buy » Hold
VeriSign (VRSN)- Jefferies & Co Buy » Hold
Keryx Biopharma (KERX)- Banc of America Sec Buy » Neutral
WellPoint (WLP)- JP Morgan Overweight » Neutral
Cameco (CCJ)- HSBC Securities Overweight » Neutral
Anglo American (AAUK)- HSBC Securities Overweight » Neutral
