Buy - Price $33.01 on July 7 by Merriman Curhan Ford We are upgrading to Buy from Neutral. We believe that this morning's preannouncement and lower outlook for FY08 is more than priced into the stock. Among other reasons for our upgrade are: 1) Bankrate is among the most pure plays in online advertising, in our view; 2) the company is a leading financial portal in the sector; 3) it has diversified its revenue base away from mortgages; 4) it has a very high level of organic traffic, a valuable asset; 5) the release of the redesigned Website should optimize advertising sales; and 6) it trades below its peer group and the recent takeout multiples of online media companies... .RATE is trading at 9.2 times EV/Ebitda [enterprise value, or market value plus net debt, to earnings before interest, taxes, depreciation and amortization], below the peer group average of 11.2 times. The company has an above-average Ebitda growth outlook of 32% in FY08, which could potentially command a modest premium valuation to peers. Market cap: $510 million.

Equal Weight - Price $3.34 on July 3 by Morgan Stanley Solid June RASM [revenue per available seat mile] suggests JBLU is outperforming peers. We recently upgraded shares of JBLU...based on our belief that JBLU's solid liquidity positioned it as a survivor among the airlines we cover. While we had initially been skeptical of JBLU's 2008 RASM guidance of 12%-14% year-over-year growth, the year-to-date trend suggests that the company is strongly outperforming peers and that our below-guidance RASM growth forecast may prove pessimistic. If the company achieves its RASM growth guidance for the full year, JBLU may end the year with an even better liquidity position than we currently model. ... [W]e think it too soon to buy JBLU shares. By many metrics, JBLU still looks expensive, and there is much that could go wrong with the macro environment in ways that are unhelpful to the stock. As such, we think it's too soon to take a long position in the shares, and we maintain our Equal-weight rating. Market cap: $646 million.

Neutral - Price $27.05 on July 7 by Baird We are lowering our rating on Zions to Neutral from Outperform. While we recognize the longer-term earnings power and value of the Zions franchise, we are increasingly concerned with respect to the company's eroding fundamentals and rapidly deteriorating credit-quality trends. Despite Zions' above-average credit-quality track record, asset-quality trends (both early-stage delinquencies and nonperforming assets) are showing notable deterioration, and we expect the company's exposure to the challenging residential construction markets...to continue to result in outsized provisions over the next few quarters... .Recent negative marks on Zions' securities portfolio have also negatively impacted capital levels at the company. ...Due to our expectations of higher provision expense, we are lowering our 2008 and 2009 EPS estimates to $2.90 and $3.35, respectively. Our new price target is $32, which assumes just under a 10 multiple on our 2009 EPS estimate and 1.2 times tangible book value. Market cap: $2.9 billion.

Buy - Price $129.68 on July 8 by Sterne Agee Based on our recent channel checks, we believe that the initial shipments of fall 2008 UGG boots are selling through exceptionally well. Retailers with whom we have spoken report that the performance of the Metropolitan collection is leading the initial strong sales. The retailers we have spoken with who have seen the spring 2009 UGG product line are very positive about the strong women's offerings, and the narrow children's line. ... We are reiterating our BUY rating and our $185 price target. Market cap: $1.7 billion.

Buy - Price $122.27 on July 9 by Kevin Dann & Partners AutoZone may be positioned to positively surprise the Street when the company reports its financial results in September. ...We think that revenues may have held relatively steady, and that sales through early July may not have dropped off as much as investors may have perceived. ...It is clear that high gasoline prices are negatively impacting the entire automotive aftermarket industry. However, we believe that AZO's private-label strategy (which may have hurt the company in booming economic periods) may actually be beneficial in a weak economic cycle. This strategy is attracting customers who may have previously preferred to purchase branded items... . We are reiterating our BUY rating and our $150.00 target price. Market cap: $7.6 billion.