AAP started as Outperform at Wachovia.
ADI cut to Underperform at Piper Jaffray.
ALB raised to Buy at B of A.
AZO started as Outperform at Wachovia.
BGFV cut to Neutral at UBS.
BWP started as Outperform at Morgan Keegan.
CNR cut to Sector Perform at CIBC.
CKEC cut to Neutral at B of A.
CMG cut to Neutral at JPMorgan.
CNK cut to Neutral at B of A.
COGN cut to Neutral at B of A.
DY started as Buy at Sun Trust Robinson Humphrey.
FCS cut to Mkt Perform at Piper Jaffray.
FE raised to Buy at B of A.
GHL raised to Outperform at Wachovia.
JBL raised to Outperform at RBC.
LLTC cut to Mkt Perform at Piper Jaffray.
MDU started as Buy at KeyBanc McDonald.
MEOH cut to Underperform at CIBC.
MGM raised to Outperform at CIBC; raised to Positive at Susquehanna.
NAVZ raised to Buy at UBS.
NOVA raised to Buy at Jefferies.
NUAN cut to Mkt Perform at FBR.
ORLY started as Outperform at Wachovia.
PNR raised to Neutral at Baird.
PVTB cut to Neutral at RWBaird.
PWR started as Buy at Sun Trust Robinson Humphrey.
RGC cut to Neutral at B of A.
ROC raised to Overweight at JPMorgan.
ROC started as Outperform at Wachovia.
SBUX cut to Mkt Perform at FBR.
VLTR raised to Outperform at Wachovia.
Jon C. Ogg
June 22, 2007