ABFS raised to Neutral at JPMorgan.
ADBL started as Outperform at JMP Securities.
APOL started as Neutral at JPMorgan.
ATHR raised to Overweight at Lehman.
CECO started as Neutral at JPMorgan.
COCO started as Overweight at JPMorgan.
CYBS started as Sector Perform at CIBC.
DV started as Overweight at JPMorgan.
HLYS started as Outperform at RW Baird.
MOT raised to Buy at Deutsche Bank.
MRVL raised to Buy at UBS.
NILE raised to Buy at Citigroup.
NVO cut to Neutral at JPMorgan.
ODFL raised to Overweight at JPMorgan.
OPWV raised to Sector Perform at CIBC.
PCZ raised to Buy at Deutsche bank.
PSO raised to Peer Perform at Bear Stearns.
PYX cut to Sector Perform at CIBC.
RDS/A cut to Underweight at HSBC.
SGP raised to Neutral at JPMorgan.
SNDK raised to Outperform at CIBC.
SNDK cut to Neutral at UBS.
STRA started as Overweight at JPMorgan.
TRP cut to Hold at Citigroup.
TZOO cut to Neutral at First Albany.
WCG raised to Hold at Jefferies.
WTI cut to Equal Weight at Lehman.
Jon C. Ogg
July 16, 2007