Full Research Summary (APR 12, 2007)

ABK raised to Buy at B of A.
AIR started as Buy at Stifel Nicolaus.
AMTD started as Hold at Deutsche Bank.
AV cut to Neutral at B of A.
BAC started as Hold at Deutsche Bank.
BARE raised to Buy at Goldman Sachs.
BEN started as Hold at Deutsche Bank.
BLK started as Hold at Deutsche Bank.
BOT started as Underperform at BMO Capital.
BSC started as Buy at Deutsche Bank.
C started as Buy at Deutsche Bank.

CBH started as Hold at Deutsche Bank.
CERN cut to Neutral at First Albany.
CIT started as Sector Perform at RBC.
CLC started as Sector Perform at RBC.
CLHB started as Top Pick at RBC.
CME started as Outperform at BMO Capital.
CMCO started as Top Pick at RBC.
CYN started as Hold at Deutsche Bank.
DNA cut to Mkt Perform at Rodman & Renshaw.
ECOL started as Buy at RBC.
ETFC started as Buy at Deutsche Bank.
FED started as Outperform at FBR.
FLDR started as Sector Perform at RBC.
GS started as Buy at Deutsche Bank.
HWAY raised to Buy at Goldman Sachs.
IFIN started as Buy at Deutsche Bank.
ISE started as Outperform at BMO Capital.
ISIL raised to Outperform at JPMorgan.
JPM started as Hold at Deutsche Bank.
KFT raised to Buy at UBS.
LRCX raised to Overweight at HSBC.
LEAP started as Overweight at Prudential.
LEH started as Buy at Deutsche Bank.
LM started as Hold at Deutsche Bank.
MER started as Buy at Deutsche Bank.
MI started as Hold at Deutsche Bank.
MIDD started as Outperform at RBC.
MINI started as Top Pick at RBC.
MS started as Buy at Deutsche Bank.
NDAQ started as Mkt Perform at BMO Capital.
NYX started as Mkt Perform at BMO Capital.
NOK cut to Reduce at West LB (EU).
OVEN started as Underperform at RBC.
PEP raised to Outperform at Bernstein.
PGR raised to Buy at KeyBanc McDonald.
ROCK started as Sector Perform at RBC.
SCHW started as Buy at Deutsche Bank.
SNV started as Hold at Deutsche Bank.
SPR started as Buy at Stifel Nicolaus.
STI started as Hold at Deutsche Bank.
TROW started as Hold at Deutsche Bank.
TSCO cut to Sector Perform at CIBC.
WB started as Hold at Deutsche Bank.
WEBX cut to Mkt Perform at Wachovia (already being acquired).
WFC started as Hold at Deutsche Bank.
WL started as Hold at Deutsche Bank.
WLSC started as Outperform at RBC.
WTS started as Sector Perform at RBC.

Jon C. Ogg
April 12, 2007

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