Upgrades
Baker Hughes (BHI)- CapitalOne southcoast Neutral » Add
Tesco (TESO)- CapitalOne southcoast Add » Strong Buy
Key Energy (KEG)- CapitalOne southcoast Add » Strong Buy
Central Garden (CENT)- Piper Jaffray Neutral » Buy
Wolseley (WOSLY)- Deutsche Securities Hold » Buy
Arris (ARRS)- Friedman Billings Mkt Perform » Outperform
China Sunergy (CSUN)- Jefferies & Co Underperform » Hold
National Fuel Gas (NFG)- UBS Neutral » Buy
Micron (MU)- Deutsche Securities Hold » Buy
Downgrades
Aracruz Celulose (ARA)- BMO Capital Markets Outperform » Underperform
Pride Intl (PDE)- Wachovia Mkt Perform » Underperform
AMR Corp (AMR)- Soleil Hold » Sell
Continental Air (CAL)- Soleil Buy » Hold
UAL Corp. (UAUA)- Soleil Buy » Sell
First Solar (FSLR)- Friedman Billings Mkt Perform » Underperform
Smart Modular Tech (SMOD)- Lehman Brothers Overweight » Equal-Weight
Continental Resources (CLR)- JP Morgan Overweight » Neutral
Smart Modular Tech (SMOD)- Oppenheimer Outperform » Perform
Intuit (INTU)- Citigroup Buy » Hold
Nucor (NUE)- UBS Buy » Neutral
Enersys (ENS)- Merriman Curhan Ford Buy » Neutral
Sappi Limited (SPP)- UBS Buy » Neutral
