Analyst Upgrades & Downgrades for Wednesday July 26, 2006

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 |  Includes: AMZN, ANIK, ASN, ASTE, AXE, BBBY, BLS, BMY, BN, BNK-OLD, BOBJ, CBHI, CEO, CHH, CIEN, CTX, CYMI, DRI, DRIV, EEFT, EGLE, ENCY, ENMC, ESV, FWRD, GILT, GXP, GYI, HES, IMMC, JAVA, KRC, LECO, LEDR, LTM, LUV, MCO, MDCO, MERQ, MLM, MTCT, MWE, NFLX, NNBR, PHRM, PLT, PNSN, QLGC, RNVS, ROH, SII, SNCR, SPMYY, T, TILE, UPS, VMC, VSUNQ, WEYS, WSM

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

Upgrades:

Company/ From/ Jul 25
Ticker Brokerage To Close
(NASDAQ:ANIK) Anika Therapeutics Inc. Neutral $10.89
Nollenberger Capital Buy
(ASN) Archstone-Smith Trust Hold $51.99
Deutsche Securities Buy
(NASDAQ:ASTE) Astec Industries Inc. Buy $21.95
Matrix Research Strong Buy
(NYSE:AXE) Anixter International Inc. Neutral $50.75
Robert W. Baird Outperform
(NASDAQ:BBBY) Bed Bath & Beyond Inc. Underweight $33.43
JP Morgan Neutral
(BLS) BellSouth Corp. Neutral $37.72
Robert W. Baird Outperform
(BLS) BellSouth Corp. Neutral $37.72
Banc of America Sec Buy
(BNK-OLD) TD Banknorth Inc. Hold $28.95
Stifel Nicolaus Buy
(NYSE:CIEN) CIENA Corp. Reduce $3.55
UBS Neutral
(NASDAQ:CYMI) Cymer Inc. Neutral $40.57
Banc of America Sec Buy
(NYSE:DRI) Darden Restaurants Inc. Underperform $34.53
Jefferies & Co Hold
(NASDAQ:DRIV) Digital River Inc. Neutral $40.34
Oppenheimer Buy
(NYSE:ESV) Ensco International Inc. Hold $43.06
Stanford Research Buy
(IFSIA) Interface Inc. Hold $10.73
Stifel Nicolaus Buy
(NYSE:KRC) Kilroy Realty Corp. Hold $73.50
Deutsche Securities Buy
(NYSE:LUV) Southwest Airlines Co. Underweight $17.77
HSBC Securities Neutral
(NYSE:MCO) Moody's Corp. Underweight $53.00
JP Morgan Neutral
(NASDAQ:MDCO) Medicines Co. Reduce $21.03
UBS Neutral
(MERQ) Mercury Interactive Corp. Neutral $39.00
ICAP Buy
(NASDAQ:NFLX) Netflix, Inc. Sell $18.78
Roth Capital Hold
(NXY) Nexen Inc. Hold $55.69
Matrix Research Buy
(PHRM) Pharmion Corp. Mkt Perform $16.47
Friedman Billings Outperform
(OTC:PNSN) Penson Worldwide Inc Neutral $16.11
JP Morgan Overweight
(NASDAQ:QLGC) QLogic Corp. Mkt Perform $16.60
Friedman Billings Outperform
(ROH) Rohm & Haas Co. Neutral $44.92
Banc of America Sec Buy
(SII) Smith International Inc. Add $42.76
Calyon Securities Buy
(SPM) Spirent Communications Plc. Sell $2.38
Goldman Sachs Neutral
(NASDAQ:SUNW) Sun Microsystems Inc. Peer Perform $4.09
Bear Stearns Outperform
(NYSE:T) AT&T Inc. Neutral $28.95
Robert W. Baird Outperform
(NYSE:WAT) Waters Corp. Peer Perform $39.57
Bear Stearns Outperform
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Downgrades:

#VALUE!
Company/ From/ Jul 25
Ticker Brokerage To Close
(AMLN) Amylin Pharmaceuticals Inc. Outperform $49.72
Wachovia Mkt Perform
(NASDAQ:AMZN) Amazon.com Inc. Market Perform $33.59
Piper Jaffray Underperform
(BLS) BellSouth Corp. Hold $37.72
Stifel Nicolaus Sell
(BN) Banta Corp. Neutral $43.76
Robert W. Baird Underperform
(BOBJ) Business Objects SA Buy $19.99
Citigroup Hold
(CBHI) Centennial Bank Holdings, Inc. Outperform $10.44
Friedman Billings Mkt Perform
(NYSE:CHH) Choice Hotels International Inc. Peer Perform $58.85
Bear Stearns Underperform
(CHH) Choice Hotels International Inc. Positive $58.85
Susquehanna Financial Neutral
(NASDAQ:EEFT) Euronet Worldwide Inc. Buy $33.69
Citigroup Hold
(NASDAQ:EGLE) Eagle Bulk Shipping Inc. Buy $14.93
UBS Neutral
(ENCY) Encysive Pharmaceuticals Inc. Buy $3.69
Oppenheimer Neutral
(ENMC) Encore Medical Corp. Buy $6.29
First Albany Neutral
(NASDAQ:FWRD) Forward Air Corp. Outperform $33.44
Morgan Keegan Mkt Perform
(GYI) Getty Images Inc. Outperform $55.20
Credit Suisse Neutral
(GYI) Getty Images Inc. Buy $55.20
Kaufman Bros Hold
(NYSE:HES) Hess Corporation Buy $53.32
Deutsche Securities Hold
(IMMC) Immunicon Corp. Neutral $5.51
UBS Reduce
(NASDAQ:LECO) Lincoln Electric Holdings Inc. Buy $58.63
BB&T Capital Mkts Hold
(MTCT) MTC Technologies Inc. Outperform $20.20
Friedman Billings Mkt Perform
(NASDAQ:NNBR) NN Inc. Strong Buy $12.77
Matrix Research Buy
(NYSE:PLT) Plantronics Inc. Buy $19.54
Kaufman Bros Hold
(SOLD) Housevalues Inc. Outperform $6.27
Piper Jaffray Market Perform
(T) AT&T Inc. Hold $28.95
Stifel Nicolaus Sell
(NYSE:UPS) United Parcel Service Inc. Outperform $71.80
Robert W. Baird Neutral
(UPS) United Parcel Service Inc. Buy $71.80
BB&T Capital Mkts Hold
(NASDAQ:WEYS) Weyco Group Inc. Buy $22.89
Matrix Research Hold
(NYSE:WSM) Williams-Sonoma Inc. Buy $33.25
Banc of America Sec Neutral
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Coverage Inititated:

Company/ Jul 25
Ticker Brokerage Rating Close
(NASDAQ:GILT) Gilat Satellite Networks Ltd. Outperform $7.60
Cowen & Co
(NYSE:GXP) Great Plains Energy Inc. Neutral $29.54
Credit Suisse
(NYSE:LTM) Life Time Fitness Inc. Buy $42.79
Oppenheimer
(NYSE:MLM) Martin Marietta Materials Inc. Buy $82.53
Citigroup
(NYSE:MWE) MarkWest Energy Partners LP Overweight $43.75
Lehman Brothers
(RNVS) Renovis Inc. Sell $12.14
Brean Murray
(NASDAQ:SNCR) Synchronoss Technologies, Inc. Outperform $6.95
Thomas Weisel
(NYSE:VMC) Vulcan Materials Co. Buy $70.57
Citigroup
(VSE) Verasun Energy, Corp. Hold $23.91
AG Edwards
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Data: Briefing.com, CapitalIQ