I was a bit amused to hear Omaha Mayor Suttle unrolled the idea of a toilet paper tax, but I am not so sure he really thought this tissue through. At first glance, the tax of 10 cents per roll to pay for sewer projects seems like a fair user tax; but I think the politicians really should have contemplated this a little more. Is it really fair to women?

While certainly my heart goes out to politicians trying to balance spending all that money without the pesky things called taxes; but I don't think this idea is going to ... float. But I think it is important to give the politician partial credit for productivity; as I imagine they thought up this idea while in the john.

Analyst Upgrades

• Disney (DIS) to buy from hold at Wunderlich.
• Pike Electric (PIKE) to outperform from market perform at FBR Capital.
• Kindred Healthcare (KND) to overweight from equal weight at Barclays.
• UBS (UBS) to hold from sell at Canaccord.
• Avery Dennison (AVY) and Take-Two (TTWO) to buy from neutral at BofA/Merrill.
• Mercer (MERC) to outperform from market perform at Raymond James.

MOST NOTEWORTHY: Abercrombie & Fitch, ENGlobal Corp and Wausau Paper were today's noteworthy initiations:

• Morgan Keegan initiated Abercrombie & Fitch (NYSE:ANF) with a Market Perform citing lack of comp momentum and the outlook for consumer spending.
  
• Jesup & Lamont expects ENGlobal's (NASDAQ:ENG) earnings momentum to remain in place due to sustained demand for energy products. Shares were initiated with a Buy rating and $13.25 target.
  
• Soleil expects Wausau Paper (NASDAQ:WPP) shares to be driven by its value-added market focus, product innovation and improved mix. Shares were assumed with a Buy rating.

OTHER INITIATIONS:

• Citigroup assumed coverage of XM Satellite Radio (NASDAQ:XMSR) with a Hold rating from Buy, and a $12.25 target from $17. The firm also assumed Sirius Satellite (NASDAQ:SIRI) with a Buy rating and $8 target from $4.25.
  
• Morgan Stanley initiated MarkWest Energy (NYSE:MWE) with an Overweight rating.
  
• Soleil initiated Potash (NYSE:POT) with a Hold rating.