Upgrades
PFF Bancorp (PFB)- B. Riley & Co Sell » Neutral
Western Refining (WNR)- Caris & Company Below Average » Average
Allion Healthcare (ALLI)- Broadpoint Capital Neutral » Buy
A.O. Smith (AOS)- Robert W. Baird Underperform » Neutral
Applied Industrial (AIT)- Morgan Keegan Mkt Perform » Outperform
Commvault Systems (CVLT)- Morgan Keegan Mkt Perform » Outperform
Longtop Financial (LFT)- Kaufman Bros Sell » Hold
Cubic (CUB)- Needham Hold » Buy
Network Equip (NWK)- Brean Murray Hold » Buy
3D Systems (TDSC)- Piper Jaffray Sell » Neutral
Beacon Roofing Supply (BECN)- Morgan Keegan Mkt Perform » Outperform
Zoran (ZRAN)- Piper Jaffray Neutral » Buy
LM Ericsson (ERIC)- RBC Capital Mkts Sector Perform » Outperform
Dollar Tree (DLTR)- JP Morgan Underweight » Neutral
Cellcom Israel (CEL)- Lehman Brothers Underweight » Equal-Weight
Tal International (TAL)- Robert W. Baird Neutral » Outperform
FBL Financial (FFG)- Keefe Bruyette Mkt Perform » Outperform
Telecom Italia (TI)- Deutsche Securities Hold » Buy
El Paso (EP)- JP Morgan Neutral » Overweight
Downgrades
W&T Offshore (WTI)- CapitalOne southcoast Add » Neutral
Clear Channel Outdoor (CCO)- Stanford Research Buy » Hold
U-Store-It (YSI)- Stifel Nicolaus Buy » Hold
Move (MOVE)- Needham Buy » Hold
Perdigao S.A. (PDA)- UBS Buy » Neutral
FedEx (FDX)- Morgan Keegan Outperform » Mkt Perform
Edenor (EDN)- JP Morgan Overweight » Neutral
Navios Maritime (NM)- Oppenheimer Outperform » Perform
Cogent Communications (CCOI)- Cowen & Co Outperform » Neutral
Build-A-Bear Workshop (BBW)- Credit Suisse Outperform » Neutral
Vital Signs (VITL)- Piper Jaffray Buy » Neutral
Cheniere Energy (LNG)- RBC Capital Mkts Outperform » Underperform
Cogent Communications (CCOI)- RBC Capital Mkts Outperform » Sector Perform
Sadia S.A. (SDA)- UBS Neutral » Sell
DRS Tech (DRS)- Credit Suisse Outperform » Neutral
Public Storage (PSA)- Deutsche Securities Buy » Hold
Pacific Sunwear (PSUN)- Citigroup Buy » Sell
Cheniere Energy (LNG)- Citigroup Buy » Hold
