Upgrades
Consolidated Water (CWCO)- Janney Mntgmy Scott Sell » Neutral
Raven Industries (RAVN)- Dougherty & Company Neutral » Buy
ConocoPhillips (COP)- Credit Suisse Neutral » Outperform
Intersil (ISIL)- Longbow Sell » Neutral
Imperial Oil (IMO)- Credit Suisse Underperform » Neutral
Canadian Natrl Res (CNQ)- Credit Suisse Neutral » Outperform
Rudolph Tech (RTEC)- Piper Jaffray Neutral » Buy
Exelon (EXC)- Deutsche Securities Hold » Buy
Hertz Global (HTZ)- Soleil Hold » Buy
CNOOC Ltd (CEO)- Credit Suisse Neutral » Outperform
Progressive (PGR)- Wachovia Underperform » Mkt Perform
Charming Shoppes (CHRS)- Susquehanna Financial Neutral » Positive
Precision Drilling (PDS)- RBC Capital Mkts Sector Perform » Outperform
FirstEnergy (FE)- Credit Suisse Neutral » Outperform
Exelon (EXC)- Credit Suisse Neutral » Outperform
Reliant Energy (RRI)- Credit Suisse Neutral » Outperform
Public Service (PEG)- Credit Suisse Neutral » Outperform
Netflix (NFLX)- Lehman Brothers Equal-Weight » Overweight
Downgrades
Pacific Ethanol (PEIX)- Ardour Capital Hold » Reduce
Hess (HES)- Credit Suisse Outperform » Neutral
Universal Technical Institute (UTI)- Banc of America Sec Neutral » Sell
Career Education (CECO)- Banc of America Sec Neutral » Sell
Corinthian Colleges (COCO)- Banc of America Sec Buy » Neutral
ITT Educational (ESI)- Banc of America Sec Buy » Neutral
EMC Corp (EMC)- Bernstein Outperform » Mkt Perform
NRG Energy (NRG)- Credit Suisse Outperform » Neutral
Acergy (ACGY)- Citigroup Hold » Sell
Casey’s General (CASY)- Friedman Billings Mkt Perform » Underperform
Woodward Governor (WGOV)- Robert W. Baird Outperform » Neutral
