Upgrades
Nucor (NUE)- Longbow Neutral » Buy
Comp Siderurgica (SID)- Deutsche Securities Hold » Buy
Airmedia (AMCN)- Lehman Brothers Equal-weight » Overweight
Pinnacle Finl (PNFP)- Stifel Nicolaus Hold » Buy
Movado Group (MOV)- Morgan Joseph Hold » Buy
BOK Financial (BOKF)- Sun Trust Rbsn Humphrey Neutral » Buy
Diodes (DIOD)- Morgan Keegan Mkt Perform » Outperform
Trina Solar (TSL)- Friedman Billings Underperform » Mkt Perform
Downgrades
Pennant Investment (PNNT)- Friedman Billings Outperform » Mkt Perform
Apollo Investment (AINV)- Friedman Billings Outperform » Mkt Perform
Allied Capital (ALD)- Friedman Billings Mkt Perform » Underperform
American Capital (ACAS)- Friedman Billings Mkt Perform » Underperform
Seagate Tech (STX)- Caris & Company Above Average » Average
Western Digital (WDC)- Caris & Company Above Average » Average
Affymetrix (AFFX)- Caris & Company Above Average » Average
Oscient Pharma (OSCI)- BWS Financial Buy » Hold
Semi Manufacturing (SMI)- HSBC Securities Neutral » Underweight
Tempur-Pedic (TPX)- JP Morgan Overweight » Neutral
Zoltek (ZOLT)- RBC Capital Mkts Outperform » Sector Perform
East West Banc (EWBC)- RBC Capital Mkts Outperform » Sector Perform
Techtarget (TTGT)- Cowen & Co Outperform » Neutral
Jamba (JMBA)- Merriman Curhan Ford Buy » Neutral
ITT Industries (ITT)- Credit Suisse Outperform » Neutral
Macy’s (M)- JP Morgan Neutral » Underweight
Altria (MO)- JP Morgan Overweight » Neutral
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