UPGRADES
Biogen Idec BIIB Piper Jaffray Sell » Neutral
Sunoco SUN Deutsche Securities Hold » Buy
Cree CREE Piper Jaffray Neutral » Buy
Kilroy Realty KRC Friedman Billings Mkt Perform » Outperform
Cynosure CYNO Citigroup Hold » Buy
BMC Software BMC Credit Suisse Neutral » Outperform
Biogen Idec BIIB Credit Suisse Underperform » Neutral
SLM Corp SLM Keefe Bruyette Mkt Perform » Outperform
ADC Telecom ADCT Merriman Curhan Ford Neutral » Buy
DOWNGRADES
American Dental ADPI Dougherty & Company Buy » Neutral
Select Comfort SCSS Northland Securities Outperform » Market Perform
Colnl BancGrp CNB Morgan Keegan Outperform » Mkt Perform
Dynegy DYN Calyon Securities Buy » Add
Capital One COF Jefferies & Co Buy » Hold
Baldor Electric BEZ Bear Stearns Outperform » Peer Perform
Par Pharmaceutical PRX Lehman Brothers Overweight » Equal-weight
Plantronics PLT JP Morgan Neutral » Underweight
Washington Mutual WM Banc of America Sec Neutral » Sell
Red Hat RHT Banc of America Sec Buy » Neutral
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