Penny Stocks

Stocks that affect the Dow:

• GM - downgraded to Hold at Deutsche Securities with $24 price target;


• JNJ - negative article today on Natrecor, which is JNJ’s heart failure drug;


• KO - reiterate Buy at UBS;


• AXP - CIBC Wrld Mkts reiterates Sector Outperform and raises price target from $62 to $72;

Breaking News:

TRB - said it will buy back up to 75 million shares of its common stock, which would represent 25% of the total shares outstanding. The shares would have a total market value estimated at more than $2 billion.

Upgrades:

• CWCO Consolidated Water Brean Murray Hold » Accumulate $34


• DLB Dolbys Labs Matrix Research Hold » Buy


• FIX Comfort Sys USA Matrix Research Hold » Strong Buy


• KBALB Kimball Int'l Matrix Research Hold » Buy


• KMX CarMax Matrix Research Sell » Hold


• LUFK Lufkin Industries Matrix Research Hold » Buy


• VMI Valmont Matrix Research Sell » Hold


• WSTC West Corp Goldman Sachs In-Line » Outperform



• EQ Embarq Banc of America Sec Buy $47


• GAIA Gaiam Thomas Weisel Outperform


• HBG Hub Intl Wachovia Outperform


• HERO Hercules Offshore Jefferies & Co Buy $48


• NDAQ NASDAQ Morgan Stanley Overweight


• RLH Red Lion Hotels Robert W. Baird Outperform $13



• BECN Beacon Roofing Supply Piper Jaffray Outperform $48 » $49

Downgrades:

• CVG Convergys Goldman Sachs In-Line » Underperform


• GGC Georgia Gulf Credit Suisse Outperform » Neutral


• HUMC Hummingbird Comm BMO Nesbitt Burns Outperform » Market Perform $29


• ITY Imperial Tobacco Citigroup Buy » Hold


• NAV Navistar Bear Stearns Peer Perform » Underperform


• PAYX Paychex Goldman Sachs Outperform » In-Line


• SHBI Shore Bancshares BB&T Capital Mkts Buy » Hold

Penny Stocks