3/16 Upgrades, Downgrades

UPGRADES

Raymond James upgrades Abbott Labs (ABT) to OUTPERFORM
Caris & Co upgrades Endo Pharmaceuticals (ENDP) to ABOVE AVERAGE
SunTrust upgrades Goodrich Petroleum (GDP) to BUY
Caris & Co upgrades Micron (MU) to BUY
Caris & Co upgrades Intel (INTC) to BUY
citi upgrades IPC Holdings (IPCR) to BUY
Natixis Bleichroeder upgrades King Pharmaceuticals (KG) to BUY
Friedman Billings upgrades Maxim (MXIM) to MARKET PERFORM
BB&T upgrades Texas Industries (TXI) to BUY
Friedman Billings upgrades Whole Foods (WFMI) to MARKET PERFORM
Jefferies & Co upgrades NPS Pharmaceuticals (NPSP) to BUY
Deutsche Bank upgrades Weyerhaeuser (WY) to BUY
Goldman Sachs upgrades Goodrich (GR) to conviction BUY
Collins Stewart upgrades Nam Tai Electronics (NTE) to HOLD
Goldman Sachs upgrades Coca-Cola Enterprises (CCE) to BUY
Oppenheimer upgrades Compass Minerals (CMP) to OUTPERFORM
Credit Suisse upgrades Apache (APA) to OUTPERFORM
JP Morgan upgrades FirstMerit (FMER) to OVERWEIGHT
JP Morgan upgrades Eni (E) to OVERWEIGHT
Bank of America upgrades Newell Rubbermaid (NWL) to BUY
Bank of America upgrades Union Pacific (UNP) to BUY
KeyBanc upgrades Greenbrier (GBX) to BUY, for possible M&A activity with ARII
Wachovia upgrades King Pharmaceuticals (KG) to OUTPERFORM

DOWNGRADES

Canaccord Adams downgrades Arena Pharma (ARNA) to SELL
Fitch downgrades Hovnanian’s (HOV) Issuer Default Rating (IDR) to CCC from B- and other Outstanding Debt Ratings- Senior secured revolving credit facility to ‘B+/RR1’ from ‘BB-/RR1’; Senior secured notes to ‘B+/RR1’ from ‘BB-/RR1’; Senior unsecured notes to ‘CC/RR5’ from ‘B-/RR4’; Senior subordinated notes to ‘C/RR6’ from ‘CCC/RR6’; and Series A perpetual preferred stock to ‘C/RR6’ from ‘CCC-/RR6’
Davenport downgrades Alcoa (AA) to BUY
Brean Murray downgrades Progenics (PGNX) to HOLD
Goldman Sachs downgrades Spirit AeroSystems (SPR) to SELL
Bank of America downgrades Legg Mason (LM) to UNDERPERFORM
Morgan Stanley downgrades Lincoln National (LNC) to UNDERWEIGHT
Morgan Stanley downgrades The Hartford (HIG) to EQUALWEIGHT
Morgan Stanley downgrades SunPower (SPWRA) to UNDERWEIGHT
Piper Jaffray downgrades Power Integrations (POWI) to SELL
Wachovia downgrades Sprint-Nextel (S) to MARKET PERFORM
Credit Suisse downgrades Venoco (VQ) to Neutral
Credit Suisse downgrades Denbury Resources (DNR) to NEUTRAL
Credit Suisse downgrades Plains Exploration (PXP) to NEUTRAL
Credit Suisse downgrades Occidental Petroleum (OXY) to NEUTRAL
Oppenheimer downgrades Progenics Pharma (PGNX) to PERFORM
Bernstein downgrades Genentech (DNA) to MARKET PERFORM

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