Analyst Upgrades & Downgrades for Friday, July 21, 2006

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

Upgrades:

	Company/	From/	Jul 20
Ticker	Brokerage	To	Close
(AMSG)	AmSurg Corp.	Sell	$23.08
	Deutsche Securities	Hold
(ASBC)	Associated Bancorp	Sell	$31.10
	Oppenheimer	Neutral
(AYE)	Allegheny Energy Inc.	Hold	$38.51
	AG Edwards	Buy
(B)	Barnes Group Inc.	Neutral	$15.35
	Robert W. Baird	Outperform
(BFAM)	Bright Horizons Family Solutions Inc.	Reduce	$34.88
	Sun Trust Rbsn Humphrey	Neutral
(BUCY)	Bucyrus International Inc.	Hold	$42.65
	Stifel Nicolaus	Buy
(CELL)	Brightpoint Inc.	Hold	$11.50
	Deutsche Securities	Buy
(COGN)	Cognos Inc.	Sell	$26.82
	ICAP	Buy
(CTAS)	Cintas Corp.	Hold	$35.11
	Matrix Research	Buy
(CTXS)	Citrix Systems, Inc.	Neutral	$29.97
	Goldman Sachs	Buy
(DO)	Diamond Offshore Drilling Inc.	Hold	$69.74
	AG Edwards	Buy
(DTAS)	Digitas Inc.	Hold	$7.57
	Matrix Research	Strong Buy
(EFX)	Equifax Inc.	Mkt Perform	$31.40
	Keefe Bruyette	Outperform
(GNTX)	Gentex Corp.	Sell	$13.38
	Citigroup	Hold
(HYSL)	Hyperion Solutions Corp.	Hold	$28.39
	Roth Capital	Buy
(IEX)	IDEX Corp.	Mkt Perform	$41.03
	Friedman Billings	Outperform
(INFA)	Informatica Corp.	Sell	$11.88
	Goldman Sachs	Neutral
(INFA)	Informatica Corp.	Hold	$11.88
	Maxim Group	Buy
(JCI)	Johnson Controls Inc.	Neutral	$71.30
	Calyon Securities	Buy
(JCI)	Johnson Controls Inc.	Equal-weight	$71.30
	Morgan Stanley	Overweight
(JCI)	Johnson Controls Inc.	Hold	$71.30
	Deutsche Securities	Buy
(NOVA)	NovaMed Inc.	Hold	$6.49
	Deutsche Securities	Buy
(RLI)	RLI Corp.	Hold	$45.80
	Stifel Nicolaus	Buy
(RS)	Reliance Steel & Aluminum Co.	Sector Perform	$35.71
	CIBC Wrld Mkts	Sector Outperform
(SHW)	Sherwin-Williams Co.	Neutral	$46.80
	JP Morgan	Overweight
(SPWR)	SunPower Corporation	Buy	$28.02
	Needham & Co	Strong Buy
(SPWR)	SunPower Corporation	Peer Perform	$28.02
	Thomas Weisel	Outperform
(UTEK)	Ultratech Inc.	Underweight	$13.18
	JP Morgan	Neutral
(WSFS)	WSFS Financial Corp.	Mkt Perform	$58.08
	Friedman Billings	Outperform
(YHOO)	Yahoo! Inc.	Hold	$25.27
	Matrix Research	Buy
(ZION)	Zions Bancorp. (UT)	Mkt Perform	$78.89
	Friedman Billings	Outperform
(ZION)	Zions Bancorp. (UT)	Hold	$78.89
	Sandler O'Neill	Buy

Downgrades:

	Company/	From/	Jul 20
Ticker	Brokerage	To	Close
(ACMR)	AC Moore Arts & Crafts Inc.	Buy	$17.12
	Oppenheimer	Neutral
(AMLN)	Amylin Pharmaceuticals Inc.	Overweight	$49.41
	Lehman Brothers	Equal-weight
(AVID)	Avid Technology Inc.	Buy	$35.33
	Roth Capital	Hold
(BBX)	BankAtlantic Bancorp Inc.	Outperform	$13.40
	Bear Stearns	Peer Perform
(FBC)	Flagstar Bancorp Inc.	Buy	$15.87
	Oppenheimer	Neutral
(FFIV)	F5 Networks Inc.	Buy	$47.95
	Kaufman Bros	Hold
(HYSL)	Hyperion Solutions Corp.	Outperform	$28.39
	Credit Suisse	Neutral
(KLAC)	KLA-Tencor Corp.	Buy	$39.93
	Merriman Curhan Ford	Neutral
(KMB)	Kimberly-Clark Corp.	Neutral	$60.16
	Prudential	Underweight
(LTXX)	LTX Corp.	Buy	$5.37
	Merriman Curhan Ford	Neutral
(MDC)	MDC Holdings Inc.	Mkt Perform	$44.15
	JMP Securities	Mkt Underperform
(NTES)	Netease.com Inc.	Overweight	$18.67
	JP Morgan	Neutral
(STBA)	S&T Bancorp Inc.	Buy	$31.76
	Sun Trust Rbsn Humphrey	Neutral
(SWKS)	Skyworks Solutions Inc.	Outperform	$4.55
	Piper Jaffray	Market Perform
(SWKS)	Skyworks Solutions Inc.	Mkt Perform	$4.55
	Charter Equity	Mkt Underperform
(TER)	Teradyne Inc.	Buy	$11.90
	AG Edwards	Hold
(TMA)	Thornburg Mortgage Inc.	Neutral	$28.36
	Credit Suisse	Underperform
(TMA)	Thornburg Mortgage Inc.	Mkt Perform	$28.36
	Friedman Billings	Underperform
(UTEK)	Ultratech Inc.	Accumulate	$13.18
	Brean Murray	Hold
(XPRT)	LECG Corp.	Buy	$17.71
	Matrix Research	Hold

Coverage Inititated:

	Company/		Jul 20
Ticker	Brokerage	Rating	Close
(AN)	AutoNation Inc.	Neutral	$20.41
	JP Morgan
(AVY)	Avery Dennison Corp.	Hold	$57.95
	Citigroup
(CCK)	Crown Holdings Inc.	Buy	$16.32
	Citigroup
(FILE)	FileNet Corporation	Hold	$28.05
	Citigroup
(GTXI)	GTX Inc.	Overweight	$7.98
	HSBC Securities
(KMX)	CarMax Inc.	Neutral	$33.78
	JP Morgan
(LUV)	Southwest Airlines Co.	Hold	$17.26
	Matrix Research
(MNKD)	MannKind Corp.	Market Perform	$18.38
	Miller Johnson
(NKTR)	Nektar Therapeutics	Market Perform	$16.69
	Miller Johnson
(PALM)	Palm, Inc.	Hold	$14.92
	Deutsche Securities
(SAH)	Sonic Automotive Inc.	Underweight	$22.30
	JP Morgan
(SLGN)	Silgan Holdings Inc.	Buy	$37.66
	Citigroup
(UAG)	United Auto Group Inc.	Overweight	$19.82
	JP Morgan
(ZZ)	Sealy Corp.	Market Perform	$12.84
	Piper Jaffray

Data: Briefing.com, CapitalIQ