Upgrades
KongZhong (KONG)- Susquehanna Financial Negative » Neutral
AbitibiBowater (ABH)- DA Davidson Underperform » Neutral
Public Storage (PSA)- Deutsche Securities Hold » Buy
Canadian Natrl Res (CNQ)- BMO Capital Markets Market Perform » Outperform
Omnicare (OCR)- Bear Stearns Outperform » Peer Perform
Novartis AG (NVS)- HSBC Securities Neutral » Underweight
GrafTech Intl (GTI)- Oppenheimer Outperform » Perform
American Intl (AIG)- Keefe Bruyette Outperform » Mkt Perform
MF Global (MF)- Lehman Brothers Overweight » Equal-weight
R.H. Donnelley (RHD )- Deutsche Securities Hold » Sell
Brookdale Senior Living (BKD)- Stifel Nicolaus Hold » Buy
Nippon Telegr (NTT)- Credit Suisse Neutral » Outperform
Deutsche Telekom (DT)- Citigroup Sell » Hold
Quest Diagnostics (DGX)- Credit Suisse Neutral » Outperform
Dell (DELL)- Friedman Billings Mkt Perform » Outperform
Euroseas (ESEA)- Cantor Fitzgerald Hold » Buy
DealerTrack (TRAK)- JP Morgan Neutral » Overweight
Deckers Outdoor (DECK)- RBC Capital Mkts Sector Perform » Outperform
Entergy (ETR)- UBS Neutral » Buy
Repsol SA (REP)- UBS Neutral » Buy
Pfizer (PFE)- Lehman Brothers Underweight » Equal-weight
Downgrades
Bank of Montreal (BMO)- Citigroup Buy » Hold
Altair Nanotechnologies (ALTI)- Broadpoint Capital Buy » Neutral
Greif Brothers (GEF)- Janney Mntgmy Scott Buy » Neutral
Canadian Natrl Res (CNQ)- Canaccord Adams Buy » Hold
Network Appliance (NTAP)- Pacific Growth Equities Buy » Neutral
Midas (MDS)- Kevin Dann Buy » Hold
W&T Offshore (WTI)- CapitalOne southcoast Add » Neutral
Lifepoint Hospitals (LPNT)- Longbow Buy » Neutral
Take-Two (TTWO)- Cowen & Co Outperform » Neutral
Carrizo Oil & Gas (CRZO)- CapitalOne southcoast Add » Neutral
Arena Resources (ARD)- CapitalOne southcoast Strong Buy » Add
Jackson Hewitt (JTX)- FTN Midwest Buy » Neutral
Big 5 Sports (BGFV)- Wachovia Outperform » Mkt Perform
Unisource Energy (UNS)- Soleil Buy » Hold
MF Global (MF)- UBS Buy » Neutral
West Pharm (WST)- UBS Buy » Neutral
DTS (DTSI)- Kaufman Bros Buy » Hold
National Financial Partners (NFP)- Keefe Bruyette Outperform » Mkt Perform
CollaGenex Pharm (CGPI)- Roth Capital Buy » Hold
Live Nation (LYV)- Morgan Joseph Buy » Hold
InterNAP (INAP)- RBC Capital Mkts Outperform » Sector Perform
CPFL Energia (CPL)- Bear Stearns Outperform » Peer Perform
MF Global (MF)- Credit Suisse Outperform » Neutral
EOG Resources (EOG)- RBC Capital Mkts Sector Perform » Underperform
BEA Systems (BEAS)- Deutsche Securities Buy » Hold
R.H. Donnelley (RHD)- Bear Stearns Outperform » Peer Perform
Disclosure (“none” means no position):
