Upgrades & Downgrades on Wall Street (MAR 21, 2007)

AA cut to Underweight at Prudential (stock down almost 1%).
AAI raised to Overweight at JPMorgan (stock up 2%).
AFL raised to Outperform at KBW.
AL cut to Neutral at Prudential.
AMAG started as Buy at Deutsche Bank.
AXL raised to Buy at UBS.
BWLD cut to Hold at Jefferies (indicated down $1.00+, no volume).
CLX raised to Overweight at JPMorgan.
DF cut to Neutral at Prudential.
DPM cut to Hold at Citigroup.
EDA started as Buy at First Albany.
FIG started as Buy at B of A; started as Buy at Goldman Sachs; started as Hold at Citigroup; started as Overweight at Lehman (FIG up 4% pre-market).
GHL cut to Mkt Perform at Wachovia.
JASO started as Outperform at RBC.
LLTC cut to Neutral at Goldman Sachs (stock down 1%).
MSCC raised to Outperform at Piper Jaffray.
NCC cut to Underperform at KBW.
NGLS started as Outperform at Wachovia.
NVDA added to Americas Buy List at Goldman Sachs (stock up 3%).
OMX raised to Buy at Goldman Sachs.
OPTR started as Buy at Jefferies.
PLD raised to Outperform at Wachovia.
PRTS started as Market Weight at Thomas Weisel.
RGNC cut to Hold at Citigroup.
RICK started as Buy at Merriman Curhan Ford (indicated up 1%, no volume).
SAPE raised to Outperform at Bear Stearns (stock up 3%).
SDXC started as Sector Perform at CIBC.
SYK started as Neutral at Credit Suisse.
TEF raised to Buy at Merrill Lynch.
TIF raised to Buy at B of A.
VCI raised to Outperform at Baird.
WERN raised to Neutral at UBS.
ZMH started as Outperform at Credit Suisse.

Jon C. Ogg
March 21, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.