UPGRADES
Atwood Oceanics (ATW)- Credit Suisse Underperform » Neutral
Pier 1 Imports (PIR)- DA Davidson Neutral » Buy
Spherion (SFN)- CL King Neutral » Strong Buy
Greif (GEF)- Janney Mntgmy Scott Neutral » Buy
Yahoo! (YHOO)- Canaccord Adams Sell » Hold
Ameristar Casinos (ASCA)- Morgan Joseph Sell » Hold
National Penn (NPBC)- Boenning & Scattergood Market Perform » Market Outperform
Polo Ralph Lauren (RL)- Morgan Keegan Underperform » Mkt Perform
NASDAQ (NDAQ)- Piper Jaffray Neutral » Buy
Nelnet (NNI)- Friedman Billings Mkt Perform » Outperform
Winn-Dixie Stores (WINN)- Friedman Billings Mkt Perform » Outperform
Regal Entertainment (RGC)- BMO Capital Markets Market Perform » Outperform
Atlas Pipeline (APL)- Citigroup Hold » Buy
AT&T (T)- Bernstein Mkt Perform » Outperform
Ashland (ASH)- JP Morgan Underweight » Neutral
TIBCO Software (TIBX)- JP Morgan Neutral » Overweight
A. Schulman (SHLM)- KeyBanc Capital Mkts Hold » Buy
DOWNGRADES
Barrier Therapeutics (BTRX)- Roth Capital Buy » Hold
Aurora Oil & Gas (AOG)- Jefferies & Co Hold » Underperform
NY Comm Bancrp (NYB)- Citigroup Buy » Hold
Syniverse Holdings (SVR)- Robert W. Baird Outperform » Neutral
Arch Chemicals (ARJ)- Oppenheimer Outperform » Perform
RPM Inc (RPM)- KeyBanc Capital Mkts Buy » Hold
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