Wang’s Happy Trading

Upgrades

Company Ticker Brokerage Firm Ratings Change Price Target
Team TISI BB&T Capital Mkts Hold » Buy

Advent Software ADVS Deutsche Securities Hold » Buy

Boston Scientific BSX Stanford Research Hold » Buy

JDS Uniphase JDSU BMO Capital Markets Market Perform » Outperform

Perot Systems PER RBC Capital Mkts Underperform » Sector Perform

Expedia EXPE Credit Suisse Neutral » Outperform $35
Boston Scientific BSX Citigroup Sell » Hold

Genomic Health GHDX Cantor Fitzgerald Hold » Buy $27 » $34
Teekay Shipping TK Citigroup Sell » Hold

Estee Lauder EL Lehman Brothers Underweight » Equal-weight

American Tower AMT UBS Neutral » Buy

Crown Castle CCI UBS Neutral » Buy

Duke Realty DRE Banc of America Sec Sell » Neutral

Thornburg Mortg TMA Jefferies & Co Hold » Buy $10 » $14

Downgrades

Company Ticker Brokerage Firm Ratings Change Price Target
Riverbed Technology RVBD Needham & Co Buy » Hold

Neustar NSR Bear Stearns Outperform » Peer Perform

Yahoo! YHOO BMO Capital Markets Outperform » Market Perform

Cheesecake Factory CAKE FTN Midwest Buy » Neutral

FormFactor FORM Piper Jaffray Buy » Neutral

Harman HAR Credit Suisse Outperform » Neutral

Quest Software QSFT RBC Capital Mkts Outperform » Sector Perform

RadiSys RSYS Cantor Fitzgerald Buy » Hold $16 » $12
Allis-Chalmers Energy ALY Wachovia Outperform » Mkt Perform

FormFactor FORM Broadpoint Capital Buy » Neutral

General Motors GM Bear Stearns Peer Perform » Underperform

Ford Motor F Bear Stearns Outperform » Peer Perform

Regions Fincl RF Citigroup Hold » Sell

Clorox CLX Lehman Brothers Equal-weight » Underweight

National Financial Partners NFP Banc of America Sec Buy » Neutral

Coverage Initiated

Company Ticker Brokerage Firm Ratings Change Price Target
EPIQ Systems EPIQ Wachovia Mkt Perform

Urban Outfitters URBN William Blair Outperform

Multi-Color LABL William Blair Mkt Perform

United Rentals URI Lehman Brothers Equal-weight

Lamar Advertising LAMR Jefferies & Co Buy $51
Synthesis Energy Systems SYMX Merriman Curhan Ford Buy
Citizens Rep Bancorp, CRBC Boenning & Scattergood Market Perform

Coverage Reit/Price Tgt Changed

Company Ticker Brokerage Firm Ratings Change Price Target
Quality Systems QSII Stifel Nicolaus Buy $45 » $42
Quest Software QSFT Stifel Nicolaus Buy $21 » $20
Blackboard BBBB Wedbush Morgan Strong Buy $53 » $50
Walt Disney DIS Oppenheimer Outperform $36 » $38
Riverbed Technology RVBD Jefferies & Co Hold $36 » $18
TECO Energy TE Lehman Brothers Equal-weight $16 » $17
Post Properties PPS Lehman Brothers Equal-weight $40 » $43
Magellan Midstream MGG Lehman Brothers Overweight $34 » $33
Louisiana-Pacific LPX Lehman Brothers Overweight $19 » $18
Inergy Holdings NRGP Lehman Brothers Overweight $52 » $48
Holly Energy Partners HEP Lehman Brothers Equal-weight $53 » $50
Borg Warner BWA Lehman Brothers Equal-weight $85 » $43
Avon Products AVP Lehman Brothers Overweight $46 » $48
Anadarko Petro APC Lehman Brothers Equal-weight $58 » $60
PMI Group PMI Citigroup Hold $17 » $11
I-many IMNY Roth Capital Buy $3.75 » $3.25
Intevac IVAC Brean Murray Hold $16.50 » $12
Loopnet LOOP Cantor Fitzgerald Buy $29 » $18
THQ Inc THQI Lazard Capital Buy $35 » $31
Perrigo PRGO Barrington Research Outperform $42 » $43
JDS Uniphase JDSU Roth Capital Buy $17.30 » $18
Vishay VSH Longbow Buy $17.50 » $15
Riverbed Technology RVBD Robert W. Baird Neutral $42 » $25
IDEX Corp IEX Friedman Billings Outperform $41 » $40
Ness Tech NSTC Friedman Billings Outperform $18 » $15

GAP TRADING CANDIDATES

GAP UPS

Gap Downs

Ones of note for gap trading: MFLX is a good up gap trade to watch, IVGN gap up watch, FORM down, RL up, RVBD down
Remember to keep an eye on earnings plays coming up for tonight/tomorrow such as BG, CSCO,AKAM,ANDE, RACK, TRA, DO, DHI, APA, PPDI- volatile action could be expected on these issues before and after.