3/20 Upgrades, Downgrades

UPGRADES

Citi upgrades Celanese (CE) to BUY
Citi upgrades Expedia (EXPE) to BUY
Cowen & Co upgrades Merck (MRK) to OUTPERFORM
Wachovia upgrades ManTech International (MANT) to OUTPERFORM
Soleil Securities upgrades Jo-Ann Stores (JAS) to BUY
UBS upgrades Johnson & Johnson (JNJ) to BUY

DOWNGRADES

Buckingham Research downgrades The Children’s Place (PLCE) to NEUTRAL
Brean Murray downgrades J. Crew (JCG) to SELL
Friedman Billings downgrades Starwood Hotels (HOT) to UNDERPERFORM
Raymond James downgrades Denison Mines Corp. (DNN) to UNDERPERFORM
Cowen & Co downgrades Urban Outfitters (URBN) to NEUTRAL
Credit Suisse downgrades Deutsche Telekom (DT) to UNDERPERFORM
UBS downgraes AutoNation (AN) to SELL
RBS downgrades Ericsson (ERIC) to SELL
JP MOrgan downgrades Cabot (CBT) to NEUTRAL
Wachovia downgrades Diana Shipping (DSX)to MARKET PERFORM
Wachovia downgrades Eagle Bulk Shipping (EGLE) to MARKET PERFORM
Wachovia downgrades Euroseas Ltd. (ESEA) to MARKET PERFORM

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