- Adobe Systems (NASDAQ: ADBE) cut to Neutral at Cowen & Co.
- Allegheny Tech (NYSE: ATI) Cut to Neutral from Overweight at JPMorgan.
- Caterpillar (NYSE: CAT) cut to Sell at UBS.
- Hot Topic (NASDAQ: HOTT) Raised to Outperform from Market Perform at FBR.
- Motorola (NYSE: MOT) Cut to Underperform from Perform at Oppenheimer.
- Northwest Airlines (NASDAQ: NWAC) Raised to Overweight from Equalweight at Lehman.
- UAL Corp. (NASDAQ: UAUA) raised to Overweight at Lehman Brothers
- United Rentals (NYSE: URI) cut to Neutral at UBS.
- VeriSign (NASDAQ: VRSN) Cut to Neutral from Overweight at JPMorgan.
- Virgin Media (NASDAQ: VMED) Raised to Overweight at Morgan Stanley.
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