Full Research Summary (May 11, 2007)

ABY cut to Neutral at Prudential.
AEO raised to Buy at Sun Trust Robinson Humphreys.
ALTI raised to Buy at First Albany.
ALU raised to Outperform at Credit Suisse.
AMAT raised to Buy at UBS.
AMGN cut to Sell at Citigroup; also cut at JPMorgan, Morgan Stanley, HSBC, and Lazard.
BBSI started as Outperform at JMP Securities.
BOW cut to Neutral at Prudential.
BRLC cut to Hold at Cantor Fitzgerald.
CL started as Buy at Stifel Nicolaus.
CHINA started as Buy at Cantor Fitzgerald.
CHRT raised to Neutral at HSBC.
CNQ cut to Sector Perform at RBC.
CPKI raised to Outperform at FBR.
DOW started as Buy at UBS.
DRH started as Buy at Deutsche Bank.
ENN started as Hold at Deutsche Bank.
EXLS raised to Buy at Citigroup.
FSR started as Buy at Citigroup.
GFA raised to Overweight at HSBC.
GLBC cut to Hold at Deutsche Bank.
GRFF raised to Buy at WR Hambrecht.
HIH cut to Neutral at Baird.
IMO raised to Outperform at RBC.
ISE cut to Neutral at B of A.
JCP target cut to $100 at AGEdwaqrds.
LHO started as Hold at Deutsche Bank.
NETL started as Buy at Deutsche Bank.
PRTS raised to Outperform at RBC.
RCL started as Buy at Stifel Nicolaus.
SMOD started as Strong Buy at JMP Securities.
SQNM started as Outperform at Rodman & Renshaw.
SUG raised to Overweight at JPMorgan.
WEN cut to Hold at Citigroup.
WWW started as Buy at Citigroup.
ZQK started as Hold at Citigroup.

Jon C. Ogg
May 11, 2007

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