UPGRADES
Activision (ATVI)- Wedbush Morgan Buy » Strong Buy
Nova Biosource Fuels (NBF)- Ardour Capital Accumulate » Buy
Cameco (CCJ)- UBS Neutral » Buy
PETsMART (PETM)- JP Morgan Neutral » Overweight
Boyd Gaming (BYD)- Banc of America Sec Sell » Neutral
Xerium Tech (XRM)- Citigroup Hold » Buy
Telefonos de Mex (TMX)- Deutsche Securities Hold » Buy
Banco de Chile (BCH)- Deutsche Securities Hold » Buy
DOWNGRADES
Central Garden (CENT)- Sun Trust Rbsn Humphrey Buy » Neutral
Fresenius Medical (FMS)- UBS Buy » Neutral
Alcoa (AA)- JP Morgan Overweight » Neutral
Microchip (MCHP)- JP Morgan Overweight » Neutral
Annaly Mortgage (NLY)- JP Morgan Overweight » Neutral
Steris (STE)- Soleil Hold » Sell
Hill-Rom (HRC)- Soleil Hold » Sell
Banco Santander (SAN)- Deutsche Securities Buy » Hold
Arris (ARRS)- Oppenheimer Outperform » Perform
Visit the ValuePlays Bookstore for Great Investing Books