Upgrades & Downgrades on Wall Street (MAR 21, 2007)

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By Douglas A. McIntyre Published
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AA cut to Underweight at Prudential (stock down almost 1%).
AAI raised to Overweight at JPMorgan (stock up 2%).
AFL raised to Outperform at KBW.
AL cut to Neutral at Prudential.
AMAG started as Buy at Deutsche Bank.
AXL raised to Buy at UBS.
BWLD cut to Hold at Jefferies (indicated down $1.00+, no volume).
CLX raised to Overweight at JPMorgan.
DF cut to Neutral at Prudential.
DPM cut to Hold at Citigroup.
EDA started as Buy at First Albany.
FIG started as Buy at B of A; started as Buy at Goldman Sachs; started as Hold at Citigroup; started as Overweight at Lehman (FIG up 4% pre-market).
GHL cut to Mkt Perform at Wachovia.
JASO started as Outperform at RBC.
LLTC cut to Neutral at Goldman Sachs (stock down 1%).
MSCC raised to Outperform at Piper Jaffray.
NCC cut to Underperform at KBW.
NGLS started as Outperform at Wachovia.
NVDA added to Americas Buy List at Goldman Sachs (stock up 3%).
OMX raised to Buy at Goldman Sachs.
OPTR started as Buy at Jefferies.
PLD raised to Outperform at Wachovia.
PRTS started as Market Weight at Thomas Weisel.
RGNC cut to Hold at Citigroup.
RICK started as Buy at Merriman Curhan Ford (indicated up 1%, no volume).
SAPE raised to Outperform at Bear Stearns (stock up 3%).
SDXC started as Sector Perform at CIBC.
SYK started as Neutral at Credit Suisse.
TEF raised to Buy at Merrill Lynch.
TIF raised to Buy at B of A.
VCI raised to Outperform at Baird.
WERN raised to Neutral at UBS.
ZMH started as Outperform at Credit Suisse.

Jon C. Ogg
March 21, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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