Upgrades
Greenbrier Comp (GBX)- Morgan Keegan Mkt Perform » Outperform
Spansion (SPSN)- Lazard Capital Hold » Buy
Fossil (FOSL)- Piper Jaffray Neutral » Buy
Illumina (ILMN)- Canaccord Adams Hold » Buy
Harry Winston Diamond (HWD)- RBC Capital Mkts Sector Perform » Outperform
Diamond Offshore (DO)- Wachovia Mkt Perform » Outperform
Greenbrier Comp (GBX)- Bear Stearns Peer Perform » Outperform
Zoran (ZRAN)- Oppenheimer Perform » Outperform
Arch Coal (ACI)- JP Morgan Neutral » Overweight
Mosaic (MOS)- Citigroup Hold » Buy
Potash (POT)- Citigroup Hold » Buy
Amkor (AMKR)- Lehman Brothers Equal-weight » Overweight
Cadbury Schweppes (CSG)- JP Morgan Neutral » Overweight
MDC Holdings (MDC)- Banc of America Sec Neutral » Buy
Pulte Homes (PHM)- Banc of America Sec Neutral » Buy
KB Home (KBH)- Banc of America Sec Neutral » Buy
Toll Brothers (TOL)- Banc of America Sec Sell » Neutral
Hasbro (HAS)- Banc of America Sec Neutral » Buy
Yahoo! (YHOO)- Canaccord Adams Hold » Buy
Actuate (ACTU)- JMP Securities Mkt Outperform » Strong Buy
Downgrades
IDEX Corp (IEX)- KeyBanc Capital Mkts Buy » Hold
Rochester Medical (ROCM)- Northland Securities Outperform » Market Perform $19 » $12
SiRF Technology (SIRF)- Longbow Buy » Neutral
McCormick & Schmick's (MSSR)- Sun Trust Rbsn Humphrey Buy » Neutral
SiRF Technology (SIRF)- FTN Midwest Buy » Neutral
Rainmaker Sys (RMKR)- Needham & Co Buy » Hold
Sohu.com (SOHU)- Pali Research Buy » Neutral
Silicon Image (SIMG)- RBC Capital Mkts Outperform » Sector Perform
Rainmaker Sys (RMKR)- Brean Murray Buy » Hold
CBL & Assoc (CBL)- Friedman Billings Outperform » Mkt Perform
Lithia Motors (LAD)- JP Morgan Neutral » Underweight
VCA Antech (WOOF)- Piper Jaffray Buy » Neutral
Bankrate (RATE)- Jefferies & Co Buy » Hold
SiRF Technology (SIRF)- Oppenheimer Outperform » Perform
SiRF Technology (SIRF)- Soleil Buy » Hold
SiRF Technology (SIRF)- Lehman Brothers Overweight » Equal-weight
SiRF Technology (SIRF)- Jefferies & Co Buy » Hold
Assoc Banc-Corp (ASBC)- Robert W. Baird Outperform » Neutral
Barnes & Noble (BKS)- JP Morgan Overweight » Neutral
Norfolk Southern (NSC)- UBS Buy » Neutral
CSX Corp (CSX)- UBS Buy » Neutral
Yahoo! (YHOO)- Banc of America Sec Buy » Neutral
Goldman Sachs (GS)- Oppenheimer Outperform » Perform
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