Market watch

Tuesday Morning, Feb 14, 2006

European Markets:

CAC40: -0.32%

DAX: -0.14%

FTSE100: 0.02%

Sector News:

~Lehman believes that the pull back on Independent Refiners is a buying opportunity. Their Top Pick are VLO, SUN, and TSO;

~DBAB believes that Homebuilders are looking cheap and oversold. They believe that TOL, HOV, DHI, BZH, and SPF look the most oversold;

~KB Homes reported a surge in cancellations

Breaking News:

~VNU shareholders are pressing the Dutch company to break itself into three divisions and sell the pieces rather than agree to a deal with private-equity firms;


~Sun is moving to encourage use of the Linux operating system on its newest computers, in an effort to increase server sales;

~Nokia and Sanyo plan to set up a joint venture to develop and make advanced cellphones, underlining the companies' ambitions to grow globally.

Upgrades:

• Ticker Company Brokerage Firm Ratings Change Price Target
  
• HR Healthcare Realty Harris Nesbitt Underperform » Outperform $39
  
• NJR NJ Resources Matrix Research Buy » Strong Buy
  
• AMAT Applied Materials AG Edwards Hold » Buy $25
  
• BER W.R. Berkley Stifel Nicolaus Hold » Buy $60
  
• CSG Cadbury Schweppes Citigroup Hold » Buy
  
• TRB Tribune Banc of America Sec Neutral » Buy
  
• CRM Salesforce.com First Albany Neutral » Buy
  
• RNWK RealNetworks Piper Jaffray Market Perform » Outperform
  
• SONC Sonic William Blair Mkt Perform » Outperform
  
• AMD Advanced Micro UBS Reduce » Neutral $31 » $41
  
• IVIL iVillage JMP Securities Mkt Outperform » Strong Buy $9 » $11
  
• CC Circuit City Citigroup Hold » Buy
  
  
  
  
• CLX Target set at $66 by Morgan Stanley
  
• FOXH Foxhollow Canaccord Adams Buy $36
  
  
  
  
• MSSR McCormick & Schmick's Ryan, Beck & Co Outperform $24 » $27
  
• CSL Carlisle Cos KeyBanc Capital Mkts / McDonald Buy $80 » $90
  
• VECO Veeco Instruments Needham & Co Buy $21 » $32
  
• CUTR Cutera Needham & Co Buy $34 » $36
  
• A Agilent Needham & Co Buy $40 » $43
  
• BED Bedford Property RBC Capital Mkts Sector Perform $23 » $27
  
• MSSR McCormick & Schmick's Morgan Joseph Buy $26 » $27
  
• MRVL Marvell Jefferies & Co Buy $60 » $71
  
• MSSR McCormick & Schmick's Banc of America Sec Buy $22 » $26
  
• AMT American Tower Banc of America Sec Buy $28 » $35
  
• XRTX Xyratex Banc of America Sec Buy $21 » $27
  
• LTM LIFE TIME Fitness Credit Suisse Outperform $40 » $52
  
• BER W.R. Berkley Ferris Baker Watts Buy $50 » $60
  

Downgrades:

• Ticker Company Brokerage Firm Ratings Change Price Target
  
• MOSY MoSys Stanford Research Buy » Hold
  
• CVCO Cavco Industries Avondale Partners Mkt Outperform » Mkt Perform $48
  
• NHP Nationwide Health Harris Nesbitt Neutral » Underperform $24 » $20
  
• WTI W&T Offshore Harris Nesbitt Outperform » Neutral $39
  
• ALJ Alon USA Energy Deutsche Securities Buy » Hold
  
• EGLE Eagle Bulk Shipping UBS Buy » Neutral
  
• CYT Cytec Matrix Research Strong Buy » Buy
  
• BECN Beacon Roofing Supply Matrix Research Buy » Hold
  
• FTO Frontier Oil Deutsche Securities Buy » Hold
  
• CVX Chevron Deutsche Securities Buy » Hold
  
• COP ConocoPhillips Deutsche Securities Buy » Hold
  
• WCN Waste Connections Friedman Billings Outperform » Mkt Perform
  
• BBGI Beasley Broadcast Deutsche Securities Buy » Hold $16 » $15
  
• VECO Veeco Instruments Citigroup Buy » Hold
  
• VECO downgraded by Smith Barney - Has a 19.60 gap
  
• FFH Fairfax Financial Banc of America Sec Buy » Neutral
  
• JRJC China Finance Online Jefferies & Co Hold » Underperform $6
  
• BKUNA Bankunited Fin Stifel Nicolaus Sell