UPGRADES
Popular Inc (BPOP)- B. Riley & Co Neutral » Buy
United Comm Banks (UCBI)- Sterne Agee Sell » Hold
Landstar System (LSTR)- KeyBanc Capital Mkts Hold » Buy
Pike Electric (PEC)- Friedman Billings Mkt Perform » Outperform
Silicon Labs (SLAB)- Friedman Billings Mkt Perform » Outperform
Energy East (EAS)- Jefferies & Co Underperform » Hold
Casella Waste (CWST)- JP Morgan Neutral » Overweight
CarMax (KMX)- Wachovia Underperform » Mkt Perform
American Intl (AIG)- Citigroup Hold » Buy
Sepracor (SEPR)- UBS Neutral » Buy
DOWNGRADES
FedEx (FDX)- BB&T Capital Mkts Buy » Hold
Plexus (PLXS)- Needham Strong Buy » Hold
Puget Energy (PSD)- Soleil Hold » Sell
Tetra Tech (TTEK)- Stanford Research Buy » Hold
Scotts Miracle-Gro (SMG)- BMO Capital Markets Market Perform » Underperform
Coventry Health Care (CVH)- BMO Capital Markets Outperform » Market Perform
Cheesecake Factory (CAKE)- Credit Suisse Outperform » Neutral
Sonic (SONC)- Credit Suisse Outperform » Neutral
Integra Bank (IBNK)- Stifel Nicolaus Buy » Hold
Aastrom Biosciences (ASTM)- Dawson James Buy » Neutral
Agrium (AGU)- Credit Suisse Outperform » Neutral
Kraft Foods (KFT)- UBS Buy » Neutral
Synaptics (SYNA)- Oppenheimer Outperform » Perform
Huntsman (HUN)- Jefferies & Co Hold » Underperform
LG Display (LPL)- Deutsche Securities Buy » Hold
Coventry Health Care (CVH)- Wachovia Outperform » Mkt Perform
TEKELEC (TKLC)- Lehman Brothers Overweight » Equal-Weight
UBS AG (UBS)- Credit Suisse Outperform » Neutral
America’s Car-Mart (CRMT)- Jefferies & Co Buy » Hold
Express Scripts (ESRX)- UBS Buy » Neutral
Medco Health Solutions (MHS)- UBS Buy » Neutral
WCA Waste (WCAA)- JP Morgan Neutral » Underweight
Commercial Metals (CMC)- Citigroup Buy » Hold
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