Upgrades
Berry Petroleum (BRY)- Wachovia Mkt Perform » Outperform
Applied Signal (APSG)- Friedman Billings Mkt Perform » Outperform
China Unicom (CHU)- Deutsche Securities Hold » Buy
China Netcom (CN)- Deutsche Securities Hold » Buy
Ceradyne (CRDN)- Friedman Billings Mkt Perform » Outperform
Century Aluminum (CENX)- Friedman Billings Mkt Perform » Outperform
Jacobs (JEC)- Friedman Billings Mkt Perform » Outperform
Anadarko Petro (APC)- Wachovia Mkt Perform » Outperform
Carrizo Oil & Gas (CRZO)- Wachovia Mkt Perform » Outperform
Morgan Stanley (MS)- HSBC Securities Neutral » Overweight
Commercial Metals (CMC)- Citigroup Hold » Buy
Steel Dynamics (STLD)- Citigroup Hold » Buy
Syniverse Holdings (SVR)- Robert W. Baird Neutral » Outperform
Acergy (ACGY)- Citigroup Sell » Hold
Downgrades
Texas Industries (TXI)- KeyBanc Capital Mkts Buy » Hold
Jack In The Box (JBX)- Wedbush Morgan Strong Buy » Buy
Tuesday Morning (TUES)- B. Riley & Co Buy » Neutral
Webster Financial (WBS)- FTN Midwest Buy » Neutral
Texas Industries (TXI)- Longbow Buy » Neutral
Teva Pharm (TEVA)- FTN Midwest Buy » Neutral
Wachovia (WB)- Fox Pitt Outperform » In Line
Five Star Quality Care (FVE)- Stifel Nicolaus Buy » Hold
Applied Materials (AMAT)- Citigroup Buy » Hold
Marriott (MAR)- Susquehanna Financial Positive » Neutral
Marriott (MAR)- JMP Securities Mkt Outperform » Mkt Perform
DaVita (DVA)- Piper Jaffray Buy » Neutral
Elan (ELN)- Piper Jaffray Neutral » Sell
Emulex (ELX)- Robert W. Baird Outperform » Neutral
Rohm and Haas (ROH)- Banc of America Sec Buy » Neutral
Tuesday Morning (TUES)- Deutsche Securities Hold » Sell
Big 5 Sports (BGFV)- Deutsche Securities Hold » Sell
Fresenius Medical (FMS)- Wachovia Outperform » Mkt Perform
Royal Philips Electronics (PHG)- Citigroup Buy » Hold
MiddleBrook Pharma (MBRK)- Merriman Curhan Ford Buy » Neutral
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