3/26 Upgrades, Downgrades

UPGRADES

Canaccord Adams upgrades IAC (IACI) To BUY
Canaccord Adams upgrades Google (GOOG) To BUY
Canaccord Adams upgrades IAC/InterActiveCorp. (IACI) to BUY
Canaccord Adams upgrades ValueClick (VCLK) to BUY
Wachovia upgrades DCT Industrial Trust (DCT) to MARKET PERFORM
Wachovia upgrades CGI Group (GIB) to OUTPERFORM
Roth Capital upgrades Matrixx Initiatives Inc. (MTXX) to BUY
Boenning & Scattergood upgrades Ameron (AMN) to OUTPERFORM
HSBC upgrades Siliconware Precision (SPIL) to OVERWEIGHT
HSBC upgrades Semi Manufacturing (SMI) to NEUTRAL
UBS upgrades Novo Nordisk (NVO) to BUY
UBS upgrades Nokia (NOK) to BUY
CRT Capital upgrades Berry Petroleum (BRY) to BUY
Avondale Partners upgrades CommScope (CTV) to OUTPERFORM
Sidoti upgrades Woodward Governor (WGOV) to BUY
Canacord upgrades ValueClick (VCLK) to BUY

DOWNGRADES

SunTrust downgrades AFC Enterprises (AFCE) to NEUTRAL
Stifel Nicolaus downgrades Quality Systems (QSII) to HOLD
Benchmark Capital downgrades Hess Corp (HES) to HOLD
Benchmark Capital downgrades Murphy Oil (MUR) to SELL
Societe Generale downgrades Nokia (NOK) to SELL
J.P. Morgan downgrades Cascal N.V (HOO) to NEUTRAL
Scotia downgrades Louisiana-Pacific (LPX) to UNDERPERFORM
Collins Stewart downgrades SolarFun (SOLF) to SELL
Roth downgrades Shanda (SNDA) to SELL
KeyBanc downgrades Carlisle Companies (CSL) to UNDERWEIGHT
Bank of America downgrades BHP Billiton (BHP) to NEUTRAL
HSBC downgrades Taiwan Semiconductor (TSM) to NEUTRAL
JP Morgan downgrades Janus Capital (JNS) to NEUTRAL
Collins Stewart downgrades Atheros Comm. (ATHR) to HOLD
Collins Stewart downgrades ON Semiconductor (ONNN) to HOLD
Credit Suisse downgrades Intercontinental Hotels (IHG) to NEUTRAL
UBS downgrades CNOOC (CEO) to NEUTRAL
DA Davidson downgrades Apogee (APOG) to NEUTRAL
Wachovia downgrades Sun Microsystems (JAVA) to MARKET PERFORM
Avondale Partners downgrades ADA-ES (ADES) to MARKET PERFORM
Northland Securities downgrades Badger Meter (BMI) to MARKET PERFORM
SunTrust downgrades Sterling Bancshares (SBIB) to NEUTRAL

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