Upgrades
AmericanWest Banc (AWBC)- DA Davidson Neutral » Buy $18
Northwest Airlines (NWA)- Credit Suisse Neutral » Outperform
Delta Air Lines (DAL)- Credit Suisse Neutral » Outperform
Seagate Tech (STX)- Caris & Company Average » Above Average
EuroBancshares (EUBK)- Keefe Bruyette Mkt Perform » Outperform
SBA Comm (SBAC)- Soleil Hold » Buy
Crown Castle (CCI)- Soleil Hold » Buy
Medco Health Solutions (MHS)- Credit Suisse Neutral » Outperform
Diamond Offshore (DO)- JP Morgan Neutral » Overweight
Ross Stores (ROST)- JP Morgan Neutral » Overweight
Atlas America (ATLS)- Friedman Billings Mkt Perform » Outperform
Aventine Renewable Energy (AVR)- Broadpoint Capital Underperform » Neutral
BP (BP)- JP Morgan Neutral » Overweight
Wright Medical (WMGI)- JP Morgan Neutral » Overweight
Downgrades
Foundry Ntwks (FDRY)- Collins Stewart Buy » Hold
Seaspan (SSW)- Cantor Fitzgerald Buy » Hold
Ixia (XXIA)- Ferris Baker Watts Buy » Neutral
Tollgrade (TLGD)- Ferris Baker Watts Buy » Neutral
Foundry Ntwks (FDRY)- BWS Financial Buy » Sell
General Electric (GE)- Credit Suisse Outperform » Neutral
Pinnacle (PNK)- KeyBanc Capital Mkts Hold » Underweight
Garmin (GRMN)- Oppenheimer Outperform » Perform
IdaCorp (IDA)- JP Morgan Neutral » Underweight
Abercrombie (ANF)- JP Morgan Overweight » Neutral
Ixia (XXIA)- JMP Securities Strong Buy » Mkt Outperform
Smith Intl (SII)- Citigroup Buy » Hold
Cintas (CTAS)- Lehman Brothers Overweight » Equal-weight
Zoran (ZRAN)- Jefferies & Co Buy » Underperform
Total S.A. (TOT)- JP Morgan Overweight » Neutral
Valspar (VAL)- JP Morgan Overweight » Neutral
Johnson Controls (JCI)- JP Morgan Overweight » Neutral
Ensco (ESV)- Citigroup Buy » Hold
BlackRock (BLK)- Wachovia Outperform » Mkt Perform
Millennium Pharm (MLNM)- Robert W. Baird Outperform » Neutral
Red Robin Gourmet (RRGB)- Wachovia Outperform » Mkt Perform
Hershey Foods (HSY)- Bernstein Mkt Perform » Underperform
Disclosure (“none” means no position):
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