Analyst Upgrades & Downgrades for Monday, July 31, 2006

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

Upgrades:

	Company/	From/	Jul 28
Ticker	Brokerage	To	Close
(AAPL)	Apple Computer Inc.	Neutral	$65.59
	Banc of America Sec	Buy
(ARRS)	Arris Group Inc.	Buy	$10.10
	Matrix Research	Strong Buy
(BTRX)	Barrier Therapeutics Inc.	Hold	$6.80
	Roth Capital	Buy
(CDI)	CDI Corp.	Sell	$18.50
	Matrix Research	Hold
(CRS)	Carpenter Technology Corp.	Hold	$93.48
	KeyBanc Capital Mkts / McDonald	Buy
(EQ)	Embarq Corp.	Underweight	$44.34
	JP Morgan	Neutral
(INSU)	Insituform Technologies Inc.	Hold	$20.28
	Morgan Joseph	Buy
(KVHI)	KVH Industries Inc.	Neutral	$11.17
	Cowen & Co	Outperform
(LEA)	Lear Corp.	Sell	$22.82
	Citigroup	Hold
(PD)	Phelps Dodge Corp.	Underweight	$81.50
	Prudential	Overweight
(PENN)	Penn National Gaming Inc.	Hold	$33.43
	Matrix Research	Buy
(PRST)	Presstek Inc.	Sell	$7.90
	Matrix Research	Hold
(RMBS)	Rambus Inc.	Hold	$15.65
	BWS Financial	Buy
(RNOW)	Rightnow Technologies Inc.	Neutral	$12.15
	Robert W. Baird	Outperform
(RRC)	Range Resources Corp.	Buy	$26.75
	First Albany	Strong Buy
(SFG)	StanCorp Financial Group Inc.	Equal-weight	$42.74
	Morgan Stanley	Overweight
(SNDK)	SanDisk Corp.	Sector Perform	$47.14
	CIBC Wrld Mkts	Sector Outperform
(SPIL)	SPI Lasers Plc	Neutral	$157.00
	Goldman Sachs	Buy
(TFSM)	24/7 Real Media Inc.	Market Perform	$7.15
	Piper Jaffray	Outperform
(VOL)	Volt Information Sciences Inc.	Sell	$40.84
	Matrix Research	Hold
(WITS)	Witness Systems Inc.	Market Perform	$15.71
	CE Unterberg Towbin	Buy
(XOM)	Exxon Mobil Corp.	Neutral	$67.00
	JP Morgan	Overweight

Downgrades:

	Company/	From/	Jul 28
Ticker	Brokerage	To	Close
(AYE)	Allegheny Energy Inc.	Outperform	$41.24
	Credit Suisse	Neutral
(BBG)	Bill Barrett Corp.	Buy	$30.06
	Goldman Sachs	Neutral
(CENX)	Century Aluminum Co.	Overweight	$32.35
	Morgan Stanley	Underweight
(CVX)	Chevron Corp.	Overweight	$66.05
	JP Morgan	Neutral
(EXP)	Eagle Materials Inc.	Buy	$37.56
	BB&T Capital Mkts	Hold
(INTU)	Intuit Inc.	Overweight	$31.15
	First Analysis Sec	Equal-Weight
(ITY)	Imperial Tobacco Group plc	Buy	$65.69
	UBS	Neutral
(LEA)	Lear Corp.	Outperform	$22.82
	Credit Suisse	Neutral
(NT)	Nortel Networks Corp.	Outperform	$1.97
	Robert W. Baird	Neutral
(PSUN)	Pacific Sunwear of California Inc.	Buy	$17.17
	BB&T Capital Mkts	Hold
(VLY)	Valley National Bancorp	Mkt Perform	$27.00
	Ryan, Beck & Co	Underperform
(WCG)	Wellcare Health Plans Inc.	Buy	$49.10
	Goldman Sachs	Neutral

Coverage Inititated:

	Company/		Jul 28
Ticker	Brokerage	Rating	Close
(ME)	Mariner Energy Inc.	Buy	$17.32
	Goldman Sachs
(SLM)	SLM Corp.	Overweight	$50.00
	Prudential
(SPSN)	Spansion Inc.	Buy	$13.96
	UBS

Data: Briefing.com, CapitalIQ