Downgrades-Morning Update 07-Aug-09 09:21

Company	Ticker	Brokerage Firm	Ratings Change	Price Target
Essex Property	ESS	JMP Securities	Mkt Outperform » Mkt Perform
Whitney Holding	WTNY	Sterne Agee	Buy » Neutral
Burl Nrth Santa Fe	BNI	Longbow	Buy » Neutral
Concur Tech	CNQR	Janney Mntgmy Scott	Neutral » Sell
Stereotaxis	STXS	Collins Stewart	Buy » Hold
AllianceBernstein	AB	Credit Suisse	Outperform » Neutral	$20 » $22
Sun Life	SLF	Credit Suisse	Neutral » Underperform
Manulife Financial	MFC	Credit Suisse	Neutral » Underperform
Energy Recovery	ERII	Boenning & Scattergood	Outperform » Neutral
Princeton Review	REVU	Stifel Nicolaus	Buy » Hold
ProLogis	PLD	Stifel Nicolaus	Buy » Hold
BRE Properties	BRE	Stifel Nicolaus	Buy » Hold
Energy Recovery	ERII	Piper Jaffray	Overweight » Neutral
Key Technology	KTEC	Needham	Buy » Hold
Willbros Group	WG	Natixis Bleichroeder	Buy » Hold
Developers Diversified Rlty	DDR	Citigroup	Hold » Sell
Leap Wireless	LEAP	Soleil	Buy » Hold	$48 » $19
Leap Wireless	LEAP	Thomas Weisel	Overweight » Market Weight
Univ Elec	UEIC	B. Riley & Co	Buy » Neutral
Home Prop of NY	HME	Citigroup	Buy » Hold	$34 » $40
Novo-Nordisk A/S	NVO	UBS	Buy » Neutral
Novo-Nordisk A/S	NVO	JP Morgan	Overweight » Neutral
Tesco	TESO	Wunderlich	Buy » Hold	$15 » $10
Aqua America	WTR	HSBC Securities	Overweight » Neutral	$24 » $20
Thomson Reuters	TRI	Jefferies & Co	Hold » Underperform
Comcast	CMCSA	Soleil	Buy » Hold	$18 » $16
Red Robin Gourmet	RRGB	Oppenheimer	Outperform » Perform