AMGN cut to Neutral at Baird.
AOG cut to Hold at Jefferies.
BEAS cut to Neutral at Credit Suisse.
BHE started as Neutral at Credit Suisse.
CLS started as Underperform at Credit Suisse.
COGO started as Overweight at Lehman.
DCX raised to Buy at UBS.
EPIC started as Buy at UBS.
FLEX started as Outperform Credit Suisse.
GLP cut to Equal Weight at Lehman.
GM raised to Equal Weight at Lehman.
ICFI cut to Hold at Jefferies.
JAH started as Overweight at Lehman.
JBL started as Neutral at Credit Suisse.
MRO raised to Buy at B of A.
PGR started as Reduce at UBS.
PLXS started as Neutral at Credit Suisse.
SANM started as Neutral at Credit Suisse.
SLR started as Underperform at Credit Suisse.
SOFO started as Buy at Cantor Fitzgerald.
STEC cut to Hold at Deutsche Bank; cut to Sector Perform at CIBC.
TIBX cut to Neutral at Credit Suisse.
TSO cut to Neutral at B of A.
VRAZ started as Equal Weight at Lehman.
VLO cut to Neutral at B of A.
Jon C. Ogg
May 15, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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