Full Research Notes (MAR 16, 2007)

ALLI cut to Neutral at First Albany.
BBEP cut to Hold at AGEdwards.
BEN cut to Neutral at Goldman Sachs.
BKD cut to Neutral at Goldman Sachs.
BOT cut to Hold at Deutsche Bank.
BRL raised to Buy at Merrill Lynch.
BUD raised to Outperform at Bear Stearns.
CAB started as Outperform at Baird.
CCOI started as Outperform at Cowen & Co.
CFC raised to Mkt Perform at KBW.
CGV raised to Buy at Jefferies.
DB raised to Buy at Citigroup.
DSL raised to Outperform at KBW.
FMX raised to Buy at Deutsche Bank.
HITT started as Sector Perform at CIBC.
IFS started as Buy at Lazard.
IPCS cut to Hold at Jefferies.
MAPS cut to Neutral at First Albany.
MCO raised to Buy at UBS.
MTB raised to Hold at Citigroup.
OPSW started as Hold at Deutsche Bank.
OPTM started as Neutral at First Albany.
OPTV cut to Neutral at Ferris Baker Watts.
PSUN raised to Buy at Roth.
PWR started as Buy at Lazard.
SGP raised to Buy at Merrill Lynch.
TAP raised to Peer Perform at Bear Stearns.
TTO started as Buy at Stifel Nicolaus.
TTWO cut to Mkt Perform at BMO.
TRMS cut to Neutral at First Albany.
VECO cut to Market Weight at Thomas Weisel.
VLTR started as Outperform at CIBC.
WEBX cut to Hold at Soleil.

Jon C. Ogg
March 16, 2007