Seeking Alpha

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

Upgrades:

Company/From/Jul 26
TickerBrokerageToClose

(NASDAQ:AKAM)Akamai Technologies Inc.Neutral$30.00
Prudential Overweight
(AKAM)Akamai Technologies Inc.Neutral$30.00
Merriman Curhan Ford Buy
(AKAM)Akamai Technologies Inc.Market Perform$30.00
Piper Jaffray Outperform
(ASVI)A.S.V. Inc.Hold$17.39
Matrix Research Buy
(NASDAQ:ATML)Atmel Corp.Strong Sell$4.32
Matrix Research Sell
(BLS)BellSouth Corp.Neutral$38.42
HSBC Securities Overweight
(BOBJ)Business Objects SANeutral$20.82
Credit Suisse Outperform
(BOBJ)Business Objects SABuy$20.82
First Albany Strong Buy
(NYSE:CHE)Chemed Corp.Hold$33.92
Deutsche Securities Buy
(NYSE:CHK)Chesapeake Energy Corp.Neutral$31.16
JP Morgan Overweight
(NASDAQ:GSIC)GSI Commerce Inc.Equal-weight$12.90
Morgan Stanley Overweight
(GSIC)GSI Commerce Inc.Peer Perform$12.90
Bear Stearns Outperform
(HAN)Hanson plcHold$59.95
Citigroup Buy
(NASDAQ:HLIT)Harmonic Inc.Neutral$4.25
Merriman Curhan Ford Buy
(NASDAQ:HOTT)Hot Topic Inc.Hold$13.75
BB&T Capital Mkts Buy
(KVA)KV Pharmaceutical Co.Hold$18.36
Deutsche Securities Buy
(NYSE:LUV)Southwest Airlines Co.Hold$17.85
Matrix Research Buy
(NASDAQ:MCRL)Micrel Inc.Sell$8.78
Deutsche Securities Hold
(NASDAQ:NVTL)Novatel Wireless Inc.Neutral$11.96
Merriman Curhan Ford Buy
(NXG)Northgate Minerals Corp.Neutral$3.67
UBS Buy
(PLMD)PolyMedica Corp.Neutral$38.15
Oppenheimer Buy
(NYSE:RJF)Raymond James Financial Inc.Underperform$27.22
Keefe Bruyette Mkt Perform
(NYSE:ROK)Rockwell Automation Inc.Mkt Perform$60.50
Friedman Billings Outperform
(NASDAQ:SYMC)Symantec Corp.Hold$15.80
Soleil Buy
(NYSE:T)AT&T Inc.Neutral$29.50
HSBC Securities Overweight
(NYSE:TIN)Temple-Inland Inc.Hold$41.82
Citigroup Buy
(NYSE:WAB)Westinghouse Air Brake Technologies Corp.Buy$25.26
Matrix Research Strong Buy
(NASDAQ:ZRAN)Zoran Corp.Strong Sell$14.77
Matrix Research Sell

Downgrades:

Company/From/Jul 26
TickerBrokerageToClose

(NYSE:AEA)Advance America, Cash Advance Centers Inc.Buy$17.90
Jefferies & Co Hold
(AEA)Advance America, Cash Advance Centers Inc.Mkt Outperform$17.90
JMP Securities Mkt Perform
(NYSE:AET)Aetna Inc.Outperform$39.96
Bear Stearns Peer Perform
(NYSE:ANF)Abercrombie & Fitch Co.Outperform$52.18
Wachovia Mkt Perform
(ASPM)Aspect Medical Systems, Inc.Mkt Outperform$15.02
Rodman & Renshaw Mkt Perform
(BDK)Black & Decker Corp.Overweight$71.15
JP Morgan Neutral
(NASDAQ:DOX)Amdocs Ltd.Buy$37.75
ICAP Neutral
(NASDAQ:EMCI)EMC Insurance Group Inc.Mkt Perform$30.70
Keefe Bruyette Underperform
(NYSE:FDX)FedEx CorporationOutperform$106.66
Bear Stearns Peer Perform
(LSS)Lone Star Technologies Inc.Outperform$47.04
Bear Stearns Peer Perform
(LSS)Lone Star Technologies Inc.Buy$47.04
Jefferies & Co Hold
(MDG)Meridian Gold Inc.Sector Outperform$27.68
CIBC Wrld Mkts Sector Perform
(NASDAQ:MMSI)Merit Medical Systems Inc.Sector Outperform$13.82
CIBC Wrld Mkts Sector Perform
(NTBK)NetBank Inc.Outperform$5.69
Keefe Bruyette Mkt Perform
(NASDAQ:NXST)Nexstar Broadcasting Group Inc.Outperform$4.40
Bear Stearns Underperform
(NASDAQ:QUIK)QuickLogic Corp.Buy$4.04
Jefferies & Co Hold
(SCRX)Sciele Pharma Inc.Buy$21.54
Deutsche Securities Hold
(NASDAQ:STFC)State Auto Financial Corp.Buy$32.16
Stifel Nicolaus Hold
(NYSE:UGI)UGI Corp.Buy$25.64
Janney Mntgmy Scott Neutral
(XTO)XTO Energy Inc.Overweight$46.11
JP Morgan Neutral

Coverage Inititated:

Company/Jul 26
TickerBrokerageRatingClose

(NASDAQ:CA)CA, Inc.Sector Perform$20.34
RBC Capital Mkts
(NYSE:DIS)Walt Disney Co.Overweight$29.34
JP Morgan
(NYSE:EOG)EOG Resources, Inc.Underweight$71.83
JP Morgan
(KOSP)KOS Pharmaceuticals Inc.Overweight$40.35
Prudential
(NYSE:KWK)Quicksilver Resources Inc.Neutral$34.39
JP Morgan
(LTD)Limited Brands Inc.Outperform$24.67
Wachovia
(NASDAQ:PGNX)Progenics Pharmaceuticals Inc.Sector Perform$21.89
RBC Capital Mkts
(NASDAQ:REGN)Regeneron Pharmaceuticals Inc.Outperform$12.66
RBC Capital Mkts
(TWB)Tween Brands, Inc.Outperform$35.36
Wachovia
(NYSE:WSM)Williams-Sonoma Inc.Sector Perform$32.24
RBC Capital Mkts

Data: Briefing.com, CapitalIQ

Source: Analyst Upgrades & Downgrades for Thursday July 27, 2006