Analyst Upgrades & Downgrades for Tuesday July 25, 2006

|
 |  Includes: ACAS, ALDN, ALE, ATYT, AXP, BAIRY, BBSI, BEAS, BRO, BSRR, CAMP, CCTYQ, CETV, CHR, CKCM, DGX, DHT, DKS, EBAY, EW, FBC, FCTR, GERN, GGXY, GOLF, HCA, HTLD, IFNNY, ITW, JHTXQ, LPT, LXP, MBIS, MFB, MRH, MTXX, NAT, OSCI, RJET, SIRI, SNDK, TIBX, UNP, UPFC, USG, VFGI, VOLC, WIND, YRCW, ZRAN

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

Upgrades:

Company/ From/ Jul 24
Ticker Brokerage To Close
(NYSE:AXP) American Express Co. Hold $50.66
Stifel Nicolaus Buy
(NYSEARCA:BAB) British Airways plc Underweight $68.57
Morgan Stanley Equal-weight
(NYSE:BRO) Brown & Brown Inc. Neutral $27.94
Ferris Baker Watts Buy
(NASDAQ:BSRR) Sierra Bancorp Hold $28.00
Sandler O'Neill Buy
(NYSE:CC) Circuit City Stores Inc. Neutral $23.29
Goldman Sachs Buy
(NASDAQ:CETV) Central European Media Enterprises Ltd. Sell $55.21
Deutsche Securities Hold
(NYSE:CHR) Converium Holding AG Neutral $5.05
JP Morgan Overweight
(CKCM) Click Commerce Inc. Hold $16.21
Matrix Research Buy
(NASDAQ:EBAY) eBay Inc. Peer Perform $25.13
Bear Stearns Outperform
(NYSE:FBC) Flagstar Bancorp Inc. Hold $14.68
KeyBanc Capital Mkts / McDonald Buy
(NASDAQ:GERN) Geron Corporation Strong Sell $6.07
Matrix Research Hold
(NASDAQ:HTLD) Heartland Express Inc. Hold $15.59
Stifel Nicolaus Buy
(NYSE:ITW) Illinois Tool Works Inc. Neutral $43.93
Goldman Sachs Buy
(LRY) Liberty Property Trust Mkt Perform $44.14
Wachovia Outperform
(NYSE:MRH) Montpelier Re Holdings Ltd. Underweight $17.43
Morgan Stanley Equal-weight
(OSCI) Oscient Pharmaceuticals Corp. Mkt Outperform $0.65
JMP Securities Strong Buy
(NASDAQ:RJET) Republic Airways Holdings Inc. Hold $17.02
KeyBanc Capital Mkts / McDonald Buy
(RJET) Republic Airways Holdings Inc. Add $17.02
Calyon Securities Buy
(NASDAQ:SNDK) SanDisk Corp. Neutral $40.20
Robert W. Baird Outperform
(NYSE:UNP) Union Pacific Corp. Hold $85.42
Stifel Nicolaus Buy
(OTC:UPFC) United Panam Financial Corp. Hold $18.80
Matrix Research Strong Buy
(NASDAQ:YRCW) YRC Worldwide Inc. Neutral $42.65
Credit Suisse Outperform
Click to enlarge

Downgrades:

Company/ From/ Jul 24
Ticker Brokerage To Close
(ALDN) Aladdin Knowledge Systems Ltd. Buy $14.37
CE Unterberg Towbin Market Perform
(NYSE:ALE) ALLETE Inc. Buy $49.02
BB&T Capital Mkts Hold
(ATYT) ATI Technologies Inc. Outperform $19.67
RBC Capital Mkts Sector Perform
(ATYT) ATI Technologies Inc. Buy $19.67
UBS Neutral
(NYSE:DGX) Quest Diagnostics Inc. Buy $61.26
Jefferies & Co Hold
(NYSE:DHT) Double Hull Tankers, Inc. Buy $15.25
UBS Neutral
(NYSE:DKS) Dick's Sporting Goods Inc. Buy $36.59
Goldman Sachs Neutral
(NYSE:EW) Edwards Lifesciences Corp. Buy $44.92
Needham & Co Hold
(FCTR) First Charter Corp. (NYSE:NC) Buy $24.39
Sandler O'Neill Hold
(NYSE:HCA) HCA Inc. Buy $49.48
Jefferies & Co Hold
(IFX) Infineon Technologies AG Overweight $10.67
Lehman Brothers Equal-weight
(JTX) Jackson Hewitt Tax Service Inc. Buy $34.91
Matrix Research Hold
(NYSE:LXP) Lexington Corporate Properties Trust Buy $20.20
BB&T Capital Mkts Hold
(MTXX) Matrixx Initiatives Inc. Outperform $15.17
Ryan, Beck & Co Mkt Perform
(NYSE:NAT) Nordic American Tanker Shipping Ltd. Neutral $38.13
UBS Reduce
(VFGI) Virginia Financial Group Inc. Buy $41.49
Sun Trust Rbsn Humphrey Neutral
(NASDAQ:ZRAN) Zoran Corp. Sector Outperform $19.73
CIBC Wrld Mkts Sector Perform
(ZRAN) Zoran Corp. Buy $19.73
Oppenheimer Neutral
Click to enlarge

Coverage Inititated:

Company/ Jul 24
Ticker Brokerage Rating Close
(NASDAQ:ACAS) American Capital Strategies, Ltd. Peer Perform $34.55
Bear Stearns
(NASDAQ:BBSI) Barrett Business Services Inc. Buy $20.67
Sun Trust Rbsn Humphrey
(BEAS) BEA Systems Inc. Buy $11.89
Citigroup
(NASDAQ:CAMP) CalAmp Corp. Buy $6.02
Oppenheimer
(GGXY) Golf Galaxy, Inc. Underweight $14.24
JP Morgan
(NASDAQ:GOLF) Golfsmith International Holdings Inc. Overweight $9.75
JP Morgan
(NYSE:MFB) Maidenform Brands Inc. Strong Buy $12.62
Brean Murray
(NASDAQ:SIRI) Sirius Satellite Radio Inc. Outperform $3.94
Credit Suisse
(NASDAQ:TIBX) Tibco Software Inc. Buy $7.40
Citigroup
(NYSE:USG) USG Corp. Buy $46.16
Jefferies & Co
(NASDAQ:VOLC) Volcano Corporation Outperform $8.83
Cowen & Co
(VOLC) Volcano Corporation Outperform $8.83
Piper Jaffray
(VOLC) Volcano Corporation Overweight $8.83
JP Morgan
(WEBM) webMethods Inc. Hold $6.40
Citigroup
(WIND) Wind River Systems Inc. Sell $8.32
Citigroup
(XMSR) XM Satellite Radio Holdings Inc. Neutral $11.20
Credit Suisse
Click to enlarge

Data: Briefing.com, CapitalIQ