- Best Buy (NYSE: BBY) Cut to Hold from Buy at Deutsche Bank.
- Calamos Asset Management (NASDAQ: CLMS) Cut to Underperform at Credit Suisse.
- Foundry Networks (NASDAQ: FDRY) Cut to Neutral from Buy at Bank Of America.
- Greenhill (NYSE: GHL) Cut To Market Perform from Outperform at Wachovia.
- Hughes Communications (NASDAQ: HUGH) Started as Overweight at Lehman Brothers.
- Jefferies Group (NYSE: JEF) cut to Market Perform at KBW.
- Legg Mason (NYSE: LM) Raised to Neutral at Credit Suisse.
- McKesson (NYSE: MCK) started as Market Outperform at JMP Securities.
- MSCI Inc. (NYSE: MXB) started as Buy at UBS.
- Panera Bread (NASDAQ: PNRA) Raised to Buy from Neutral at Piper Jaffray.
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