ABM raised to Overweight at Lehman.
ARP cut to Neutral at Sun Trust Robinson Humphrey.
BLDR cut to Mkt Perform at Pip[er Jaffray.
CCJ raised to Outperform at CIBC.
CE raised to Buy at Citigroup.
DHT cut to Neutral at JPMorgan.
ETP cut to Reduce at UBS.
EXC raised to Buy at UBS.
FELE cut to Underperform at Baird.
FPL raised to Outperform at Wachovia.
GCI raised to Outperform at BEar Stearns.
GYMB raised to Outperform at FBR.
IVAC cut to Mkt Perform at Piper Jaffray.
IVGN cut to Peer Perform at BEar Stearns.
KNOL raised to Buy at Jefferies.
MRT raised to Outperform at RBC.
MTG cut to Peer Perform at Bear Stearns.
NVTL cut to Underweight at JPMorgan.
OPTM cut to Hold at Jefferies.
PSO raised to Equal Weight at Lehman.
RSH cut to Sell at Citigroup.
SFL raised to Overweight at JPMorgan.
UL cut to Underperform at Credit Suisse.
VSEA raised to Neutral at Credit Suisse.
VZ raised to Buy at UBS.
WRES started as outperform at RBC.
Jon C. Ogg
July 31, 2007