Analyst Upgrades/Downgrades for July 17, 2006

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 |  Includes: ADPT-OLD, AMD, ARRO, AVX, BBW, BCOR, BEBE, BIDU, BJ, BYD, C, CN-OLD, CPT, CREE, CSC, CVC, DADE, DIS, DTAS, DVA, EFII, FDS, FLSH, FPO, GLT, GW, IFO, JOY, K, KEM, LMIA, LVLT, MOGN, MXIM, NRF, NTAP, NTRS, OAKF, PES, PETC, PTEN, QCOM, RF, RNOW, SFD, SGY, SHLM, STX, TXI, UDRL, VRX, VSH, VTSS, WAFD

The following tables summarize both analyst upgrades/downgrades and subsequent market reaction for July 17, 2006:

Upgrades:

Company/ From/ Jul 17 Change 52 Wk
Ticker Brokerage To Close $/% Hi/Lo
(OTC:ADPT-OLD) Adaptec Inc. Mkt Perform $4.23 $0.20 $6.70
Morgan Keegan Outperform 5.0% $3.12
(ARRO) Arrow Internati Accumulate $31.36 $1.46 $34.90
Brean Murray Strong Buy 4.9% $27.23
(NYSE:BBW) Build-A-Bear Wo Sell $20.00 $0.21 $32.90
Rochdale Securi Hold 1.1% $19.41
(NASDAQ:BEBE) Bebe Stores, In Hold $15.20 $0.75 $29.87
Brean Murray Accumulate 5.2% $13.05
(NASDAQ:BIDU) Baidu.com, Inc. Hold $93.04 $5.34 $153.98
Brean Murray Accumulate 6.1% $44.44
(NYSE:BJ) BJ's Wholesale Neutral $26.66 $0.69 $33.07
UBS Buy 2.7% $25.30
(BJ) BJ's Wholesale Underperform $26.66 $0.69 $33.07
Credit Suisse Neutral 2.7% $25.30
(NYSE:BYD) Boyd Gaming Cor Peer Perform $37.41 $1.41 $54.99
Thomas Weisel Outperform 3.9% $35.80
(NASDAQ:CREE) Cree Inc. Strong Sell $18.59 $0.30 $35.30
Matrix Research Hold 1.6% $16.85
(NYSE:CVC) Cablevision Sys Peer Perform $21.08 $0.45 $31.90
Bear Stearns Outperform 2.2% $18.00
(NYSE:DVA) DaVita Inc. Neutral $49.53 $0.71 $60.70
UBS Buy 1.5% $42.98
(NASDAQ:EFII) Electronics for Hold $21.03 $1.20 $29.85
Citigroup Buy 6.1% $19.50
(FLSH) M Systems Flash Sell $25.68 $0.55 $37.60
Am Tech/JSA Res Hold 2.2% $21.52
(NYSE:GLT) PH Glatfelter C Hold $15.22 $0.60 $19.84
Deutsche Securi Buy 4.1% $12.01
(NYSE:IFO) Infosonics Corp Hold $7.18 $0.76 $17.31
Kaufman Bros Buy 11.8% $1.38
(INSP) InfoSpace Inc. Sell $21.81 $0.86 $36.81
Stanford Resear Hold 4.1% $20.50
(JOYG) Joy Global Inc. Hold $38.79 ($1.67) $72.23
Matrix Research Buy -4.1% $23.71
(NYSE:K) Kellogg Co. Mkt Perform $48.85 $0.78 $49.14
William Blair Outperform 1.6% $42.41
(NASDAQ:LMIA) LMI Aerospace I Neutral $19.28 $0.98 $22.78
Oppenheimer Buy 5.4% $5.40
(NYSE:LVLT) Level 3 Communi Hold $4.11 $0.07 $6.00
Needham & Co Buy 1.7% $1.87
(MOGN) MGI Pharma Inc. Peer Perform $21.16 $0.58 $27.70
Bear Stearns Outperform 2.8% $15.72
(MRX) Medicis Pharmac Underweight $23.70 $0.86 $35.45
Morgan Stanley Equal-weight 3.8% $22.57
(NASDAQ:NTRS) Northern Trust Sell $54.08 $0.93 $60.44
Goldman Sachs Neutral 1.7% $47.60
(OAKF) Oak Hill Financ Hold $25.26 ($0.04) $33.59
KeyBanc Capital Buy -0.2% $25.00
(NASDAQ:QCOM) QUALCOMM Inc. Neutral $36.56 $0.19 $53.01
UBS Buy 0.5% $34.78
(NYSE:RF) Regions Financi Underperform $35.42 $1.29 $36.66
Credit Suisse Neutral 3.8% $29.16
(NASDAQ:RNOW) Rightnow Techno Mkt Perform $14.23 $0.36 $20.83
Friedman Billin Outperform 2.6% $10.13
(NYSE:SGY) Stone Energy Co Underweight $46.23 ($0.40) $62.50
JP Morgan Overweight -0.9% $38.55
(NASDAQ:SHLM) A. Schulman, In Buy $22.00 ($0.43) $25.83
Matrix Research Strong Buy -1.9% $16.49
(NASDAQ:STX) Seagate Technol Underweight $22.90 $0.47 $28.11
Morgan Stanley Equal-weight 2.1% $13.82
(WFSL) Washington Fede Hold $21.78 ($0.17) $25.07
McAdams,Wright, Buy -0.8% $21.11
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Downgrades:

Company/ From/ Jul 17 Change 52 Wk
Ticker Brokerage To Close $/% Hi/Lo
(NASDAQ:AMD) Advanced Micro Above Average $20.92 ($0.68) $42.70
Caris & Company Average -3.1% $19.20
(NYSE:AVX) AVX Corp. Hold $13.92 ($0.36) $19.90
Am Tech/JSA Res Sell -2.5% $11.27
(NYSE:C) Citigroup Inc. Overweight $46.40 ($1.18) $50.72
Prudential Neutral -2.5% $42.91
(CN-OLD) Condor Resource Outperform $0.41 $0.02 $1.05
Credit Suisse Neutral 6.4% $0.38
(NYSE:CPT) Camden Property Buy $72.86 ($1.30) $76.41
Banc of America Neutral -1.8% $49.56
(NYSE:CSC) Computer Scienc Hold $50.68 ($2.07) $60.39
Jefferies & Co Underperform -3.9% $43.49
(DADE) Dade Behring Ho Buy $38.91 ($0.17) $43.11
UBS Neutral -0.4% $32.90
(NYSE:DIS) Walt Disney Co. Outperform $28.60 $0.11 $31.03
Cowen & Co Neutral 0.4% $22.89
(OTC:DTAS) Digitas Inc. Buy $10.29 ($0.33) $14.99
Needham & Co Hold -3.1% $9.14
(NYSE:FDS) FactSet Researc Overweight $42.83 ($2.21) $47.75
Morgan Stanley Equal-weight -4.9% $31.64
(NYSE:FPO) First Potomac R Long-term Buy $27.46 ($0.20) $30.55
Hilliard Lyons Neutral -0.7% $23.87
(GW) Grey Wolf Inc. Buy $6.85 ($0.29) $8.93
Jefferies & Co Hold -4.1% $6.50
(NYSE:KEM) KEMET Corp. Hold $7.84 ($0.36) $11.58
Am Tech/JSA Res Sell -4.4% $6.48
(NASDAQ:MXIM) Maxim Integrate Buy $28.38 ($0.12) $45.91
Caris & Company Above Average -0.4% $28.31
(NYSE:NRF) NorthStar Realt Buy $11.63 ($0.43) $12.24
Banc of America Neutral -3.6% $8.89
(NASDAQ:NTAP) Network Applian Equal-weight $27.09 $0.17 $38.50
Morgan Stanley Underweight 0.6% $22.50
(PDC) Pioneer Drillin Buy $13.67 ($1.26) $23.06
Jefferies & Co Hold -8.4% $12.60
(Pending:PETC) Petco Animal Su Outperform $27.93 $0.04 $28.94
Bear Stearns Peer Perform 0.1% $18.00
(NASDAQ:PTEN) Patterson-UTI E Buy $23.38 ($1.49) $38.49
Jefferies & Co Hold -6.0% $23.33
(NYSE:SFD) Smithfield Food Strong Buy $28.55 ($0.19) $31.47
Matrix Research Hold -0.7% $25.00
(NYSE:TXI) Texas Industrie Strong Buy $50.05 $0.48 $74.75
Matrix Research Sell 1.0% $44.58
(NASDAQ:UDRL) Union Drilling, Buy $12.64 ($0.97) $18.63
Jefferies & Co Hold -7.1% $11.85
(NYSE:VSH) Vishay Intertec Hold $14.47 ($0.68) $17.46
Am Tech/JSA Res Sell -4.5% $10.77
(NASDAQ:VTSS) Vitesse Semicon Sector Perform $1.44 ($0.06) $3.79
CIBC Wrld Mkts Sector Underperform -4.3% $1.15
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Data: Briefing.com, CapitalIQ