ALL cut to Mkt Perform at Wachovia.
ASML cut to Mkt Perform at FBR.
BEAS Cut to Neutral at UBS.
BECN cut to Mkt Perform at Piper Jaffray.
BOBJ cut to Neutral at RWBaird.
CHIC cut to Mkt Perform at Wachovia.
CMG cut to Neutral at RWBaird.
CNP raised to Outperform at CRdit Suisse.
CS cut to Neutral at Merrill Lynch.
CTRN cut to Mkt Perform at Wachovia.
DDE raised to Buy at Jefferies.
EXPE cut to Hold at Citigroup.
G started as Neutral at UBS.
GTIV started as Outperform at Wachovia.
HES cut to Mkt Perform at FBR.
HIRE raised to Outperform at RWBaird.
KLAC cut to Mkt Perform at FBR.
LEH raised to Outperform at Credit Suisse.
MER cut to Neutral at JPMorgan.
MER cut to Neutral at Credit Suisse.
NBR cut to Neutral at Merrill Lynch.
OXY cut to Underperform at FBR.
PVTB cut to Neutral at JPMorgan.
PG cut to Neutral at Sun Trust.
PGR cut to Underperform at Wachovia.
RTEC cut to Mkt Perform at FBR.
SAY started as Neutral at B of A.
SOV cut to Underperform at FBR.
TLB cut to Underperform at FBR.
UBS raised to Buy at Merrill Lynch.
ZZ cut to Neutral at B of A.
Jon C. Ogg
October 8, 2007
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