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Upgrades & Downgrades - February 24
(last updated 12:01pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

AboveNet CommsABOVVolpe BrownBuy» Strong Buy History
Aztec TechAZTCFriedman BillingsHold» Buy History
BEA SystemsBEASBT Alex. BrownMkt Perform» Buy History
BEA SystemsBEASDain RauscherNtrl Aggressive» Buy/Aggressive History
BEA SystemsBEASGoldman SachsMkt Perform» Mkt Outperform History
Baxter Int'lBAXPrudentialAccumulate» Strong Buy History
CIENA CorpCIENBB Rbrtsn StphnsLT Attractive» Buy History
Cognex CorpCGNXING Brng Frmn SelzHold» Buy History
Cullen/Frost BankersCFRMerrill LynchNT Neutral» NT Accumulate History
DaimlerChrysler AGDCXMerrill LynchLT Neutral» LT Accumulate History
FDX CorpFDXSchroder & CoPerform In Line» Outperf. Signif. History
INCO LimitedNGoldman SachsMkt Underperform» Mkt Perform History
Nine West GroupNINNB MontgomeryHold» Buy History
OrCADOCADNeedham & CoHold» Buy History
PSINetPSIXFirst Union Cap MktsHold» Buy History
Pediatrix MedicalPDXFirst Union Cap MktsOutperform» Buy History
Ryder SystemRSchroder & CoPerform In Line» Outperf. Signif. History
SkyTel CommsSKYTPrudentialHold» Strong Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

AmSouth BancorpASOMrgn Stnly Dn WttrOutperform» Neutral History
American GreetingsAMMcDonald InvstBuy» Hold History
AutoZoneAZOING Brng Frmn SelzStrong Buy» Buy History
Brio TechBRYOCS First BostonStrong Buy» Buy History
CarrAmerica RealtyCREFirst Union Cap MktsBuy» Outperform History
Control DevicesSNSRAG EdwardsBuy» Maintain History
Great Lakes REITGLFirst Union Cap MktsBuy» Outperform History
Koger EquityKEFirst Union Cap MktsBuy» Outperform History
Liberty PropertyLRYFirst Union Cap MktsBuy» Outperform History
Mack-Cali RealtyCLIFirst Union Cap MktsBuy» Outperform History
National City CorpNCCFirst Union Cap MktsOutperform» Hold History
Nextlink CommsNXLKJefferies & CoBuy» Accumulate History
Pameco CorpPCNNB MontgomeryBuy» Hold History
Parkway PropertiesPKYFirst Union Cap MktsBuy» Outperform History
PetsmartPETMBT Alex. BrownStrong Buy» Buy History
Southwest GasSWXEVEREN Sec.IT Outperform» IT Mkt Perform History
TeltrendTLTNStephens IncBuy» Outperform History
Trigon HealthcareTGHMrgn Stnly Dn WttrOutperform» Neutral History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

Amdocs LimitedDOXVolpe Brown» Buy History
Billing ConceptsBILLVolpe Brown» Buy History
ClarifyCLFYDain Rauscher» Buy/Aggressive History
Columbia SportswearCOLMNeedham & Co» Buy History
Countrywide CreditCCRSutro & Co» Hold History
DocumentumDCTMNB Montgomery» Buy History
Doral FinancialDORLPaineWebber» Attractive History
Entercom CommsETMMrgn Stnly Dn Wttr» Outperform History
Greene County BancGCBCFriedman Billings» LT Buy History
Interpublic GroupIPGBear Stearns» Neutral History
Omnicom GroupOMCBear Stearns» Attractive History
Penske MotorsportsSPWYLadenburg Thalmann» LT Buy History
Petro-CanadaPCZMerrill Lynch» NT Accum/LT Buy History
Progress SoftwarePRGSNeedham & Co» Buy History
Safeguard ScientificsSFEAdvest» Strong Buy History
Tut SystemsTUTSDain Rauscher» Strong Buy History
Young & RubicamYNRMerrill Lynch» NT Accum/LT Buy History

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