Stocks Downgraded on 6/30/05

Stocks Downgraded on 6/30/05

Barrier Therapeutics BTRX JP Morgan (Overweight-Neutral)
Citadel Broadcasting CDL Smith Barney Citigroup (Hold-Sell)
HSBC Holdings HBC Morgan Stanley (Equal-weight-Underweight)
Lexington LXP Ferris Baker Watts (Buy-Neutral)
Merix MERX Stanford Research (Buy-Hold)
Nextel Partners NXTP Fulcrum (Neutral-Sell)
Pinnacle Airlines PNCL Morgan Stanley (Overweight-Equal-weight)
RSA Security RSAS JP Morgan (Overweight-Neutral)
SBA Comm SBAC Raymond James (Outperform-Mkt Perform)
ScanSource SCSC Bear Stearns (Peer Perform-Underperform)
UniFirst Corporation UNF Barrington Research (Outperform-Mkt Perform ($44)