| Date | Broker | Symbol | Company | To | From | Target |
| 5/18/12 | Deutsche Bank | AAP | Advance Auto Parts | Hold | Buy | $78 Down From $97 |
| 5/18/12 | Barclays Capital | SYY | Sysco Corp. | Underweight | Equal Weight | $27 Down From $28 |
| 5/18/12 | RBC Capital Markets | AAL.L | Anglo American PLC | Sector Perform | Outperform | N/A |
| 5/17/12 | KeyBanc Capital Markets | CPWM | Cost Plus Inc | HOLD | BUY | N/A |
| 5/17/12 | KeyBanc Capital Markets | CTAS | Cintas Corporation | HOLD | BUY | N/A |
| 5/16/12 | FBR Capital Markets | PCX | Patriot Coal Corporation | Market Perform | Outperform | $4 |
| 5/15/12 | Deutsche Bank | AON | Aon Corp | Hold | Buy | $52 Down From $55 |
| 5/14/12 | FBR Capital Markets | TWGP | Tower Group Inc | Market Perform | Outperform | $24 down from $28 |
| 5/11/12 | Robert W. Baird | PSSI | PSS World Medical Inc. | Neutral | Outperform | $21 down from $29 |
| 5/11/12 | FBR Capital Markets | JPM | JPMorgan Chase & Co. | Market Perform | Outperform | $37 down from $50 |
| 5/11/12 | Nomura | WG.L | Wood Group | Reduce | Neutral | N/A |
| 5/11/12 | Nomura | EUTLF.PK | Eutelsat Communications | Neutral | Buy | € 32.50 |
| 5/11/12 | Robert W. Baird | RNDY | Roundy’s Inc. | Neutral | Outperform | $12 |
| 5/10/12 | Robert W. Baird | AMAG | AMAG Pharmaceuticals Inc. | Neutral | Outperform | $17 down from $21 |
| 5/9/12 | FBR Capital Markets | ROSE | ROSETTA RESOURCES INC | Market Perform | Outperform | $45 Down From $50 |
| 5/8/12 | FBR Capital Markets | NNN | National Retail Properties, Inc. | Outperform | Market Perform | $30 up from $27 |
| 5/8/12 | Robert W. Baird | TNB | Thomas & Betts Corp | Neutral | Outperform | $72 |
| 5/4/12 | Deutsche Bank | MD | Mednax Inc. | Hold | Buy | $73 Down From $81 |
| 5/4/12 | Barclays Capital | PRU | Prudential Financial | Equal Weight | Overweight | $62 Down From $69 |
| 5/4/12 | Robert W. Baird | GPRO | Gen-Probe Inc. | Neutral | Outperform | $83 |
| 5/4/12 | KeyBanc Capital Markets | LF | LeapFrog Enterprises Inc. | Hold | Buy | N/A |
| 5/3/12 | Robert W. Baird | DVA | DaVita Inc | Neutral | Outperform | $90 |
| 5/2/12 | Deutsche Bank | AXS | Axis Capital Holdings Ltd | Buy | Hold | $36 Down From $39 |
| 5/2/12 | Robert W. Baird | CHK | Chesapeake Energy Corp. | Neutral | Outperform | $22 down from $30 |
| 5/1/12 | RBC Capital Markets | OTEX | Open Text Corp | Sector Perform | Outperform | $65 down $75 |
| 5/1/12 | Robert W. Baird | MERU | Meru Networks, Inc. | Neutral | Outperform | $4 down from $7 |
| 5/1/12 | RBC Capital Markets | LEAP | Leap Wireless International Inc. | Sector Perform | Outperform | $6 down from $11 |
| 5/1/12 | RBC Capital Markets | GPRO | Gen-Probe Inc. | Sector Perform | Outperform | $82.75 up from $72.00 |
| 5/1/12 | Barclays Capital | EXPE | Expedia Inc. | Underweight | Equal Weight | $34 |
| 4/30/12 | RBC Capital Markets | NOK | Nokia Corp. | Outperform | Sector Perform | $5 Down From $7 |
| 4/30/12 | RBC Capital Markets | ALU | Alcatel-Lucent | Underperform | Sector Perform | $1.00 Down From $2.50 |
| 4/30/12 | KeyBanc Capital Markets | CAS | AM Castle & Co. | Hold | Buy | N/A |
| 4/30/12 | Deutsche Bank | PAY | VeriFone Systems, Inc | Sell | Hold | $40 Down From $44 |
| 4/30/12 | RBC Capital Markets | TSYS | TeleCommunication Systems Inc | Underperform | Sector Perform | $2.00 Down From $3.50 |
| 4/30/12 | Nomura | GOLD | Randgold Resources Ltd | Reduce | Neutral | N/A |
| 4/27/12 | KeyBanc Capital Markets | FPO | First Potomac Realty Trust | Hold | Buy | N/A |
| 4/27/12 | RBC Capital Markets | SUSQ | Susquehanna Bancshares Inc. | Sector Perform | Outperform | $10 |
| 4/27/12 | Deutsche Bank | PCS | MetroPCS Communications Inc. | Hold | Buy | $9 Down From $13 |
| 4/27/12 | KeyBanc Capital Markets | ABFS | Arkansas Best Corp. | Hold | Buy | N/A |
| 4/26/12 | Barclays Capital | HES | Hess Corporation | Equal Weight | Overweight | $60 Down From $90 |
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