Downgrades

Date	Broker	Symbol	Company	To	From	Target
07/24/2009	JMP Securities	RVBD	Riverbed Technology, Inc.	Market Perform	Market Outperform	N/A
07/24/2009	FBR Capital Markets	MSFT	Microsoft Corp	Market Perform	Outperform	$25 Down From $28
07/21/2009	KeyBanc Capital Markets	AIMC	ALTRA HOLDINGS INC	Hold	Buy	N/A
07/21/2009	Credit Suisse	BIDU	Baidu.com, Inc.	Underperform	Neutral	$250 Up From $200
07/21/2009	Credit Suisse	KHD.TO	Cdn Hydro Develop	Neutral	Outperform	C$5 Up From $4.50
07/17/2009	FBR Capital Markets	TLEO	TALEO CORP	Underperform	Market Perform	$14 Down From $17
07/14/2009	Credit Suisse	EXPD	Expeditors Int'l	Neutral	Outperform	$31
07/13/2009	Credit Suisse	CPLA	Capella Education Co.	Neutral	Outperform	$61
07/09/2009	FBR Capital Markets	GET	Gaylord Entertainment Co	Underperform	Outperform	$10 Down From $14
07/09/2009	FBR Capital Markets	GET	Gaylord Entertainment Co	Underperform	Outperform	$10 Down From $14
07/08/2009	BWS Financial	SCLN	Sciclone Pharmaceuticals Inc	Hold	Buy	$3.25
07/06/2009	Credit Suisse	FPL	FPL Group Inc	Neutral	Outperform	$63 Up From $62
06/30/2009	Credit Suisse	TA.TO	TransAlta Corp.	Neutral		C$25.50
06/29/2009	Friedman Billings Ramsey	AA	Alcoa Inc	Underperform		$8.50 Up From $8.00
06/26/2009	Friedman Billings Ramsey	OSG	Overseas Shipholding Group	Market Perform		$34 Down From $37
06/25/2009	Credit Suisse	ARP	American Reprographics Co.	Neutral		$10