Matrix USA Rating Changes 5/2

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Upgrades:
American Electric Power (NYSE: AEP) from Buy to Strong Buy; Apache (NYSE: APA) from Buy to Strong Buy; Balchem (Nasdaq: BCPC) from Sell to Hold; Century Aluminum (Nasdaq: CENX) from Hold to Buy; Cray (Nasdaq: CRAY) from Sell to Hold; Elizabeth Arden (Nasdaq: RDEN) from Hold to Buy; Faro Tech. (Nasdaq: FARO) from Sell to Hold; Gentiva Health Servicse (Nasdaq: GTIV) from Hold to Buy; Hologic (Nasdaq: HOLX) from Buy to Strong Buy; MIPS Technologies (Nasdaq: MIPS) from Buy to Strong Buy; Newpark Resources (NYSE: NR) from Strong Sell to Sell; Noble Energy (NYSE: NBL) from Buy to Strong Buy; Occidental Petroleum (NYSE: OXY) from Buy to Strong Buy; Pharmanet Development (Nasdaq: PDGI) from Sell to Hold; Tecumseh Products (Nasdaq: TECUA) from Strong Sell to Sell; Williams Companies (NYSE: WMB) from Sell to Buy;

Downgrades:
Amkor Technology (Nasdaq: AMKR) from Buy to Hold; Atmel (Nasdaq: ATML) from Hold to Sell; Cambrex (NYSE: CBM) from Buy to Hold; Credit Acceptance Corp. (Nasdaq: CACC) from Buy to Sell; Graftech Int'l (NYSE: GTI) from Buy to Hold; IDEX Corp. (NYSE: IEX) from Buy to Hold; LHC Group (Nasdaq: LHCG) from Strong Buy to Buy; McGraw-Hill Companies (NYSE: MHP) from Strong Buy to Buy; Orthofix Int'l (Nasdaq: OFIX) from Buy to Hold; SanDisk (Nasdaq: SNDK) from Sell to Strong Sell; Timken (NYSE: TKR) from Buy to Hold; True Religion Apparel (Nasdaq: TRLG) from Buy to Hold; [BCS]

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Related Entities

Matrix USA, Scopia Capital

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