Analyst Upgrades & Downgrades for Thursday, July 20, 2006

The following analyst upgrades/downgrades have been reported as of 9 AM

Upgrades:

	Company/	From/	Jul 19
Ticker	Brokerage	To	Close
(AAPL)	Apple Computer Inc.	Neutral	$54.10
	Goldman Sachs	Buy
(ADCT)	ADC Telecommunications Inc.	Neutral	$12.52
	Merriman Curhan Ford	Buy
(AEOS)	American Eagle Outfitters Inc.	Neutral	$33.71
	UBS	Buy
(AIT)	Applied Industrial Technologies Inc.	Hold	$23.14
	BB&T Capital Mkts	Buy
(BEAV)	BE Aerospace Inc.	Hold	$19.27
	Matrix Research	Buy
(BOBE)	Bob Evans Farms Inc.	Sell	$28.38
	Matrix Research	Hold
(BOBJ)	Business Objects SA	Market Perform	$20.01
	Piper Jaffray	Outperform
(CDWC)	CDW Corp.	Neutral	$56.79
	Robert W. Baird	Outperform
(EMCI)	EMC Insurance Group Inc.	Hold	$31.94
	AG Edwards	Buy
(EUBK)	EuroBancshares Inc.	Underperform	$8.69
	Keefe Bruyette	Mkt Perform
(GLBC)	Global Crossing Ltd.	Hold	$15.02
	Jefferies & Co	Buy
(MOT)	Motorola Inc.	Market Perform	$19.25
	Piper Jaffray	Outperform
(MOT)	Motorola Inc.	Mkt Perform	$19.25
	Charter Equity	Buy
(NTAP)	Network Appliance Inc.	Neutral	$29.39
	Goldman Sachs	Buy
(NVDA)	NVIDIA Corp.	Sell	$19.60
	Deutsche Securities	Hold
(PLAB)	Photronics Inc.	Neutral	$14.62
	Susquehanna Financial	Positive
(QCOM)	QUALCOMM Inc.	Neutral	$36.73
	Credit Suisse	Outperform
(SAH)	Sonic Automotive Inc.	Mkt Perform	$21.08
	Wachovia	Outperform
(SBUX)	Starbucks Corp.	Hold	$33.84
	Citigroup	Buy
(SNDK)	SanDisk Corp.	Sell	$40.29
	Deutsche Securities	Hold
(STJ)	St. Jude Medical Inc.	Hold	$34.05
	Jefferies & Co	Buy
(STX)	Seagate Technology	Neutral	$24.27
	Goldman Sachs	Buy

Downgrades:

	Company/	From/	Jul 19
Ticker	Brokerage	To	Close
(ALEX)	Alexander & Baldwin Inc.	Buy	$42.26
	Goldman Sachs	Neutral
(BARI)	Bancorp Rhode Island Inc.	Outperform	$39.45
	Keefe Bruyette	Mkt Perform
(BP)	BP plc	Overweight	$11.61
	JP Morgan	Neutral
(FE)	Firstenergy Corp.	Buy	$55.50
	Citigroup	Hold
(GDW)	Golden West Financial Corp.	Outperform	$74.80
	Bear Stearns	Peer Perform
(IBM)	International Business Machines Corp.	Buy	$76.07
	Goldman Sachs	Neutral
(ISSX)	Internet Security Systems Inc.	Buy	$22.95
	Matrix Research	Sell
(JNPR)	Juniper Networks, Inc	Buy	$14.14
	Citigroup	Hold
(JNPR)	Juniper Networks, Inc	Outperform	$14.14
	Robert W. Baird	Neutral
(KNOT)	Knot Inc.	Buy	$20.60
	Merriman Curhan Ford	Neutral
(LHO)	LaSalle Hotel Properties	Buy	$47.74
	AG Edwards	Hold
(LRY)	Liberty Property Trust	Neutral	$44.75
	Goldman Sachs	Sell
(MOGN)	MGI Pharma Inc.	Overweight	$21.43
	Prudential	Neutral
(MOGN)	MGI Pharma Inc.	Overweight	$21.43
	JP Morgan	Neutral
(MOGN)	MGI Pharma Inc.	Outperform	$21.43
	Robert W. Baird	Neutral
(NXL)	New Plan Excel Realty Trust Inc.	Neutral	$25.82
	Goldman Sachs	Sell
(OPWV)	Openwave Systems Inc.	Buy	$7.24
	Kaufman Bros	Hold
(RNST)	Renasant Corp.	Mkt Perform	$42.11
	Keefe Bruyette	Underperform
(SIRI)	Sirius Satellite Radio Inc.	Buy	$4.13
	UBS	Neutral
(SOMX)	Somaxon Pharmaceuticals Inc.	Overweight	$11.10
	JP Morgan	Neutral
(STI)	SunTrust Banks Inc.	Outperform	$78.41
	Ryan, Beck & Co	Mkt Perform
(TCBI)	Texas Capital BancShares Inc. (TX)	Outperform	$22.89
	Piper Jaffray	Market Perform
(TKLC)	Tekelec	Hold	$9.91
	Matrix Research	Strong Sell
(XMSR)	XM Satellite Radio Holdings Inc.	Buy	$12.51
	UBS	Neutral

Coverage Inititated:

	Company/		Jul 19
Ticker	Brokerage	Rating	Close
(CPK)	Chesapeake Utilities Corp.	Buy	$33.64
	Rochdale Securities
(GENT)	Gentium S.p.A	Mkt Outperform	$13.35
	Rodman & Renshaw
(GNPI)	Genius Products Inc.	Buy	$1.90
	Merriman Curhan Ford
(ISIG)	Insignia Systems Inc.	Outperform	$2.85
	Miller Johnson
(RMIX)	US Concrete Inc.	Hold	$10.55
	Citigroup
(SHPGY)	Shire plc	Neutral	$44.95
	Prudential
(SUPX)	Supertex Inc.	Buy	$33.28
	Oppenheimer

Data: Briefing.com, CapitalIQ