ABD cut to Neutral at Credit Suisse.
AFL raised to Buy at SunTrust Robinson Humphreys.
AHG started as Sell at Deutsche Bank.
ALV cut to Underperform at Baird.
AMED started as Buy at Deutsche Bank.
AXL cut to Underperform at Baird.
CCL cut to Equal Weight at Lehman.
CHRW raised to Overweight at JPMorgan.
CLMT cut to Neutral at Goldman Sachs.
DA cut to Peer Perform at Bear Stearns.
DKS cut to Neutral at Credit Suyisse.
EFII cut to Neutral at Oppenheimer.
GENZ started as Buy at Stifel Nicolaus.
GIB raised to Outperform at RBC.
HGSI started as Buy at Stifel Nicolaus.
KCI raised to Buy at Deutsche Bank.
KYPH raised to Buy at Citigroup.
ODP cut to Neutral at Credit Suisse.
ORLY raised to Outperform at Credit Suisse.
RCL cut to Equal Weight at Lehman.
RE raised to Buy at Citigroup.
SMOD started as Outperform at Cowen.
SSP cut to Neutral at Goldman Sachs.
SVVS started as Overweight at Lehman.
TKLC cut to Hold at Jefferies.
UL started as Outperform at Bear Stearns.
URI started as Outperform at CIBC.
WBSN cut to Neutral at Susquehanna.
Jon C. Ogg
January 31, 2007