Upgrades
Cache (CACH)- CL King Underperform » Neutral
Bottomline Tech (EPAY)- DA Davidson Neutral » Buy
Cabot Oil & Gas (COG)- BMO Capital Markets Market Perform » Outperform
Webster Financial (WBS)- Sandler O'Neill Hold » Buy
Computer Sciences (CSC)- Stifel Nicolaus Hold » Buy
Legg Mason (LM)- Credit Suisse Underperform » Neutral
Panera Bread (PNRA)- Piper Jaffray Neutral » Buy
Compania de Telecomm de Chile (CTC)- Deutsche Securities Hold » Buy
Infinity Pharmaceutical (INFI)- Rodman & Renshaw Mkt Perform » Mkt Outperform
Downgrades
Woodward Governor (WGOV)- DA Davidson Buy » Neutral
Palm (PALM)- Global Crown Capital Overweight » Neutral
Brown-Forman (BF.B)- Davenport Buy » Neutral
Del Monte (DLM)- Davenport Buy » Neutral
Corn Products (CPO)- Davenport Buy » Neutral
Cascade (CAE)- DA Davidson Buy » Neutral
Gentium (GENT)- Rodman & Renshaw Mkt Outperform » Mkt Perform
Marvel Enterprises (MVL)- Stifel Nicolaus Buy » Hold
Iowa Telecom (IWA)- Stifel Nicolaus Buy » Hold
Calamos Asset (CLMS)- Credit Suisse Neutral » Underperform
Fidelity National Information Services (FIS)- Sun Trust Rbsn Humphrey Buy » Neutral
Volterra Semi (VLTR)- Piper Jaffray Buy » Neutral
Jefferies Group (JEF)- Keefe Bruyette Outperform » Mkt Perform
ENI S.p.A. (E)- JP Morgan Overweight » Neutral
American Tower (AMT)- UBS Buy » Neutral
Crown Castle (CCI)- UBS Buy » Neutral
Foundry Ntwks (FDRY)- Banc of America Sec Buy » Neutral
Best Buy (BBY)- Deutsche Securities Buy »
Brasil Telecom Part (BRP)- Deutsche Securities Buy » Hold
Greenhill (GHL)- Wachovia Outperform » Mkt Perform
Entravision (EVC)- Citigroup Buy » Hold

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