ABC started as Sector Perform at CIBC.
ARMHY raised to Buy at UBS.
BBX started as Neutral at JPMorgan.
CAH started as Outperform at CIBC.
CBKN started as Neutral at Baird.
GYMB started as Buy at First Albany.
HLS started as Sell at Oppenheimer.
IBKC started as Outperform at Baird.
FCX raised to Overweight at JPMorgan.
KB raised to Outperform at Bear Stearns.
MCK started as Outperform at CIBC.
MPG cut to Mkt Perform at FBR.
OIIM raised to Buy at Oppenheimer.
OIS started as Neutral at JPMorgan.
PDCO raised to Outperform at Baird.
PLCE started as Neutral at First Albany.
PTV raised to Outperform at Wachovia.
RFMD cut to Hold at Jefferies.
SEE cut to Mkt Perform at Wachovia.
SEPR started as Neutral at UBS.
STST raised to Overweight at Thomas Weisel.
UNH cut to Neutral at UBS.
USBE raised to Outperform at Piper Jaffray.
WMG raised to Neutral from Sell at Pali.
Jon C. Ogg
March 29, 2007