Outperform - Price 58.08 on Sept. 14 by Wachovia In two years General Mills has missed earnings expectations only once as the strength of its portfolio, marketing prowess and pricing power have more than offset macro challenges such as commodity costs and worthy competitors -- and we expect strong, sustainable fundamentals in the years ahead. In addition to secular trends supportive of its earnings growth, the execution of its weight-out cereal-price increase has clearly disarmed its loudest critics. Trading at only 16.3 times consensus CY08E, General Mills is one of the best values in the food universe.

Buy - Price 19.95 on Sept. 17 by Sandler O'Neill We are raising our 2007 estimate to 96 cents to reflect changes in our 3Q07 estimate. We are not changing our 2008 estimate of $1.14. We are maintaining our Buy recommendation and $24.50 price target.

Buy - Price 15.71 on Sept. 11 by Wedbush Morgan Securities Having spoken with several retailer and other golf-industry sources, we have ascertained several new product introductions that Callaway Golf will likely bring to market for the 2008 golf season. Initial response thus far to early prototypes and product details has been highly favorable, an encouraging early indicator considering over half of ELY's sales each year come from products launched that same year....Given Calloway Golf's powerful brand equity in the marketplace, impressive market-share gains from new product launches, gross margin expansion resulting from restructuring initiatives and the continued possibility of private-equity or strategic interest in the entire company, we believe shares of ELY should trade at least in line with the peer group average. Thus, our $24 price target assumes a 2008 PEG multiple of 1.2.

Buy - Price 38.11 on Sept. 13 by UBS Investment Research CSX stock has lost a quarter of its value since its 7/19 high, the biggest pullback of any railroad. Initial weakness was most likely driven by the LBO premium coming out of the stock, given credit-market turmoil, but the recent fixation has been on poor volume growth, particularly intermodal (-8% y/y in Q3). What we think the market is missing is operations, where y/y improvements are actually accelerating.

Outperform - Price 35.48 on Sept. 17 by Bear Stearns We continue to recommend AA shares and are maintaining our full-year 2008 EPS estimate of $3.65. We believe the company remains well positioned to benefit from global aluminum supply/demand fundamentals. Additionally, the combination of the company's low valuation and the ongoing restructuring initiatives makes AA a compelling investment, in our opinion.

Market Outperform - Price 42.73 on Sept. 17 by JMP Securities The fall auction season is in full swing, and with a handful of positive data points on recent and upcoming auctions, it gives us optimism on the major auctions in November. Auction results at the mid-season Contemporary Art sale in New York exceeded the high end of the range, easing concerns that the recent turmoil in the financial markets would stifle demand for high-end art. We believe the supply at several key upcoming auctions is robust. We reiterate our Market Outperform rating and our $60 price target (which reflects an earnings multiple in line with its historical average) on BID, as we continue to have confidence in the enduring strength of the art cycle. BID [is] trading at 14.2 times our FY08 EPS estimate, a discount to its long-term average of about 23.

Buy - Price 10.28 on Sept. 14 by Deutsche Bank We are trimming our target price from $22/share to $17/share, based on [a] far more cautious assessment of the value of Wausau's two paper segments....However, we are reiterating a Buy recommendation. The stock is trading near multi-year lows and margins in both of its paper businesses are at trough levels. At $10/share and with one of the strongest balance sheets in the industry, we regard the risk/reward in the stock as excellent....In addition, Wausau sports a 3.3% dividend yield, and we regard the dividend as very "safe."

Market Perform - Price 20.11 on Sept. 17 by Morgan Keegan Though RT appears relatively cheap based on several valuation metrics vs. peers, we believe appreciation may be limited pending sustained pick-up in operating trends.