CIGNA (NYSE: CI) raised to Buy at UBS.
FPL Group (NYSE: FPL) raised to Overweight at Lehman.
Gap Inc. (NYSE: GPS) Cut to Neutral at UBS.
Hawaiian Airlines, Inc. (NYSE: HA) raised to Outperform at Bear Stearns.
Lehman Brothers (NYSE: LEH) downgraded to Perform from Outperform at Oppenheimer.
Monsanto (NYSE: MON) raised to Buy at UBS.
Potash Corp. opf Saskatchewan (NYSE: POT) raised to TOP PICK at RBC Capital.
Ultra Petroleum (NYSE: UPL) started as Outperform at Credit Suisse.
Wells Fargo (NYSE: WFC) downgraded to Underperform at Robert W. Baird.
Xyratex (NASDAQ: XRTX) raised to Outperform at Wachovia.

Jon C. Ogg
March 24, 200

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