UPGRADES
Amer Italian Pasta (AITP)- DA Davidson Underperform » Buy
Liberty Prop (LRY)- Stifel Nicolaus Hold » Buy
Administaff (ASF)- First Analysis Sec Equal-Weight » Overweight
Kensey Nash (KNSY)- Susquehanna Financial Neutral » Positive
ASM Intl NV (ASMI)- Jefferies & Co Hold » Buy
Endurance Specialty (ENH)- JP Morgan Neutral » Overweight
Mueller Water (MWA)- Robert W. Baird Neutral » Outperform
Borg Warner (BWA)- Lehman Brothers Equal-Weight » Overweight
Smith & Nephew (SNN)- UBS Neutral » Buy
DOWNGRADES
Mentor Graphics (MENT)- DA Davidson Buy » Neutral
Bankunited Fin (BKUNA)- Friedman Billings Mkt Perform » Underperform
Methanex (MEOH)- UBS Buy » Neutral
Bankunited Fin (BKUNA)- Sun Trust Rbsn Humphrey Buy » Neutral
Infosys (INFY)- Susquehanna Financial Positive » Neutral
Platinum Underwriters (PTP)- JP Morgan Neutral » Underweight
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