Full Research Notes (FEB 14, 2007)

ACS raised to Outperform at RBC and raised to Neutral at Credit Suisse.
ADLR started as Outperform at FBR.
AMAT raised to Buy at First Albany.
APPB raised to Buy at Jefferies.
BSCraised to Outperform at Credit Suisse.
BWLD cut to Mkt Perform at Piper Jaffray.
CCI raised to Buy at B of A.
CHH cut to Underperform at Bear Stearns.
CTRP started as Buy at UBS.
EFD cut to Hold at Citigroup.
EMT cut to Sell at Citigroup.
EXTR raised to Buy at WRHambrecht.
FDX raised to Outperform at Morgan Keegan.
FLWS cut to Sell at Goldman Sachs.
GGP raised to Neutral at UBS.
HBC cut to Sell at Goldman Sachs.
HST cut to Hold at Citigroup.
IFSIA started as Outperform at Wachovia.
KBH raised to Outperform at JMP.
LSTR started as Buy at KeyBanc.
MIPS raised to Buy at AGEdwards.
NAFC cut to Equal Weight at Lehman.
NDAQ raised to Neutral at Prudential; Cut to Sector Perform at CIBC.
OMC cut to Hold at Deutsche Bank.
PGNX started as Outperform at FBR.
PLA cut to Neutral at B of A.
SEPR started as Mkt Perform at FBR.
SNTS started as Mkt Perform at FBR.
SOMX started as Outperform at FBR.
TLCV cut to Sector Perform at CIBC.
VCLK started as Sector Perform at CIBC.
VNDA started as Outperform at FBR.
VSE cut to Sell at Goldman Sachs.
WAL started as Buy at Oppenheimer.
XTO raised to Overweight at J.P.Morgan.

Jon C. Ogg
February 14, 2007