ANR cut to Mkt Perform at FBR.
BWA cut to Underperform at RWBaird.
C cut to Sell at Deutsche Bank.
CHS cut to Underweight at Thomas Weisel.
CNC raised to Overweight at Lehman.
COST cut to Neutral at UBS.
CSCO started as Outperform at Wachovia.
CWTR cut to Mkt Perform at Wachovia.
ELX started as Outperform at Wachovia.
EMC started as Outperform at Wachovia.
FCN started as outperform at RWBaird.
IAG raised to Sector Perform at CIBC.
LNCR cut to Hold at Citigroup.
MEE cut to Underperform at FBR.
MLNM raised to Outperform at RWBaird.
MNTA cut to Underperform at Bear Stearns.
NILE cut to Hold at Citigroup.
NLY raised to Outperform at RBC.
NTAP started as Outperform at Wachovia.
PBG cut to Neutral at B of A.
PDGI raised to Buy at Jefferies.
QLGC started as market perform at Wachovia.
QXM cut to Sector PErform at CIBC.
RATE cut to Outperform at RBC.
S raised to Outperform at Wachovia.
SGR cut to Hold at Citigroup.
STX started as Outperform at Wachovia.
SWY raised to Outperform at CIBC.
TEF raised to Buy at Citigroup.
UMC cut to Neutral at UBS.
VCLK cut to Hold at Jefferies.
WDC started as market perform at Wachovia.
XRTX started as market perform at Wachovia.
Jon C. Ogg
October 12, 2007
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