Upgrades
ISSI – Integrated Silicon initiated with a Outperform at Northland Securities
TX – Ternium S.A. downgraded to Hold from Buy at Deutsche Bank
MYL – Mylan Labs upgraded to Buy at Argus
ROSE – Rosetta Resources upgraded to Positive from Neutral at Susquehanna
KVHI – KVH Industries upgraded to Buy from Neutral at Merriman
PVA – Penn Virginia upgraded to Buy from Neutral at SunTrust
TEU – Box Ships initiated with a Buy at Lazard
DAC – Danaos upgraded to Buy from Neutral at Lazard
DRC – Dresser-Rand ests and target raised to $64 at Stifel Nicolaus
GLAD – Gladstone upgraded to Hold at Stifel Nicolaus
TIVO – TiVo upgraded to Buy from Neutral at Lazard
VRUS – Pharmasset: Hearing tgt raised to $200 from $100 at JPMorgan
Downgrades
DO – Diamond Offshore removed from Conviction Buy List at Goldman
LUKOY – Lukoil downgraded to Neutral from Buy at Goldman
ARCO – Arcos Dorados initiated with a Neutral at JP Morgan
IM – Ingram Micro downgraded to Neutral from Buy at Goldman
RIMM – Research In Motion downgraded to Hold at Wunderlich
ZIP – Zipcar initiated with a Neutral at JP Morgan
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