| Date | Broker | Symbol | Company | To | From | Target |
| 7/3/08 | Cowen & Co. | LLL | L-3 Communications Holdings, Inc | Outperform | Neutral | N/A |
| 7/1/08 | KeyBanc Capital Markets | MOD | Modine Mfg. | Buy | Hold | $17 |
| 7/1/08 | KeyBanc Capital Markets | RT | Ruby Tuesday Inc. | Hold | Underweight | N/A |
| 6/27/08 | Friedman Billings Ramsey | AEO | American Eagle Outfitters Inc. | Market Perform | Underperform | $15 |
| 6/26/08 | Friedman Billings Ramsey | PTRY | Pantry | Outperform | Market Perform | $13.50 |
| 6/25/08 | Friedman Billings Ramsey | NNI | Nelnet Inc. | Outperform | Market Perform | $13.50 Down From $14 |
| 6/25/08 | KeyBanc Capital Markets | SHLM | Schulman (A.) Inc. | Buy | Hold | $29 |
| 6/25/08 | Friedman Billings Ramsey | WINN | WINN-DIXIE STORES | Outperform | Market Perform | $20 |
| 6/23/08 | Credit Suisse | WBD | WIMM-BILL-DANN | Outperform | Neutral | $135 |
| 6/23/08 | DeutscheBank | JCP | J. C. Penney Company, Inc | Buy | Hold | $46 Up From $45 |
| 6/19/08 | Friedman Billings Ramsey | SLAB | Silicon Laboratories Inc. | Outperform | Market Perform | $44 Up From $41 |
| 6/19/08 | Friedman Billings Ramsey | PEC | PIKE ELECTRIC CORP | Outperform | Market Perform | $21 Up From $16 |
| 6/19/08 | KeyBanc Capital Markets | LSTR | Landstar System Inc. | Buy | Hold | $63 |
| 6/18/08 | Lehman Brothers | BWA | Borg Warner Inc. | Overweight | Equal weight | $60 Up From $47 |
| 6/16/08 | Credit Suisse | AAP | Advance Auto Parts | Outperform | Neutral | $45 Up From $38 |
| 6/16/08 | Friedman Billings Ramsey | TLB | Talbots Inc. | Outperform | Market Perform | $16 Up From $8 |
| 6/16/08 | Credit Suisse | SPWR | SunPower Corporation | Outperform | Neutral | $100 |
| 6/13/08 | Lehman Brothers | CPB | Campbell Soup Co | Overweight | Equal weight | $39 Up From $35 |
| 6/12/08 | Friedman Billings Ramsey | ALD | Allied Capital Corp | Market Perform | Underperform | $15 |
| 6/11/08 | DeutscheBank | TMX | Telefonos De Mexico SA De CV Communications | Buy | Hold | $28 Down From $39 |
| 6/6/08 | Credit Suisse | LM | Legg Mason Inc. | Neutral | Underperform | N/A |
| 6/5/08 | Cowen & Co. | VRTX | Vertex Pharmaceuticals Inc | Outperform | Neutral | N/A |
| 6/5/08 | Credit Suisse | CVBF | CVB FINANCIAL CORP | Outperform | Neutral | $14 |
| 6/5/08 | Friedman Billings Ramsey | HOTT | Hot Topic | Outperform | Market Perform | $8 Up From $5 |
| 6/4/08 | Cowen & Co. | NVS | Novartis AG | Outperform | Neutral | N/A |
| 6/4/08 | Cowen & Co. | LLY | Eli Lilly And Co. | Outperform | Neutral | N/A |
| 6/2/08 | Friedman Billings Ramsey | MEE | Massey Energy Co | Outperform | Market Perform | N/A |
| 6/2/08 | Lehman Brothers | HK | PETROHAWK ENERGY CORP | Overweight | Equal weight | $35 Up From $23 |
| 6/2/08 | Friedman Billings Ramsey | PGR | Progressive Corp. | Outperform | Market Perform | $24 Up From $20 |
| 5/30/08 | Lehman Brothers | NDAQ | NASDAQ STOCK MKT INC | Overweight | Equal weight | $50 Down From $52 |
| 5/30/08 | Friedman Billings Ramsey | ANN | Ann Taylor Stores Corp. | Outperform | Market Perform | $33 Up From $27 |
| 5/29/08 | DeutscheBank | AXL | American Axle & Manufacturing Holdings Inc | Buy | Hold | $24 |
| 5/28/08 | Lehman Brothers | AMLN | Amylin Pharmaceuticals Inc | Equal weight | Underweight | $31 Up From $23 |
| 5/28/08 | Lehman Brothers | PGR | Progressive Corp. | Equal weight | Underweight | $20 Up From $15 |
| 5/27/08 | KeyBanc Capital Markets | NFX | Newfield Exploration | Buy | Hold | $77 |
| 5/27/08 | Credit Suisse | CNSL | Consolidated Communications Holdings Inc. | Outperform | Neutral | $16 |
| 5/27/08 | Credit Suisse | AG | AGCO Corp | Outperform | Neutral | $72 Up From $63 |
| 5/27/08 | Credit Suisse | CZN | Citizens Communications Co | Outperform | Neutral | $12.50 Up From $12 |
| 5/23/08 | DeutscheBank | NSM | National Semiconductor | Buy | Hold | $25 Up From $20 |
| 5/22/08 | Lehman Brothers | SSP | Scripps (E. W.) 'A' | Overweight | Underweight | $57 Up From $43 |
|