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Upgrades & Downgrades - March 23
(last updated 4:35pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Actel CorpACTLVolpe BrownBuy» Strong Buy History
Amer WestAWAGoldman SachsMkt Perform» Mkt Outperform History
Ameristar CasinosASCALadenburg ThalmannHold» LT Buy -
BurlingtonBURPrudentialHold» Buy History
Comcast CorpCMCSKSalomon Smth BrnyOutperform» Buy History
Cross TimberXTOMerrill LynchLT Neutral» LT Accumulate History
Cross TimberXTOMerrill LynchNT Neutral» NT Accumulate History
EFTC CorpEFTCStephens IncNeutral» Buy History
FMC CorpFMCMerrill LynchLT Accumulate» LT Buy -
FMC CorpFMCMerrill LynchNT Neutral» NT Accumulate -
Hub GroupHUBGBT Alex. BrownMkt Perform» Buy History
MMC NetworksMMCNNeedham & CoBuy» Strong Buy History
PhotronicsPLABSalomon Smth BrnyOutperform» Buy History
Ugly DucklingUGLYFriedman BillingsAccumulate» Buy History
Union PacificUPRMerrill LynchLT Accumulate» LT Buy History
Yahoo!YHOOJefferies & CoHold» Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

AEGONAEGSalomon Smth BrnyNeutral» Sell History
Comcast CorpCMCSKAG EdwardsMaintain» Reduce History
Cox CommsCOXAG EdwardsMaintain» Reduce History
First Amer CorpFAMSalomon Smth BrnyBuy» Neutral History
Gucci GroupGUCING Brng Frmn SelzBuy» Hold History
Liberty MediaLMGAAG EdwardsMaintain» Reduce History
MediaOne GroupUMGAG EdwardsMaintain» Reduce History
Owens & MinorOMIFirst Union Cap MktsBuy» Outperform History
PathoGenesisPGNSBB Rbrtsn StphnsStrong Buy» LT Attractive History
PathoGenesisPGNSHambrecht & QuistBuy» Hold History
PathoGenesisPGNSUSB Piper JaffrayStrong Buy» Neutral History
Pillowtex CorpPTXMerrill LynchNT Buy» NT Neutral History
Pillowtex CorpPTXNB MontgomeryBuy» Hold History
Shell TransportSCHSBC SecuritiesBuy» Add History
Sprint PCSPCSJP MorganLT Buy» Buy History
Time WarnerTWXAG EdwardsMaintain» Reduce History
United States FilterUSFBear StearnsBuy» Neutral History
ViacomVIABAG EdwardsMaintain» Reduce History
Warner-LambertWLAGruntal & CoStrong Buy» Hold History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

Amdocs LtdDOXPrudential» Strong Buy History
Amer ExpressAXPPrudential» Accumulate History
Armstrong WorldACKNB Montgomery» Buy History
Billing ConceptsBILLPrudential» Hold History
CSG SysCSGSPrudential» Accumulate History
Calpine Corp (b)CPNCSFB» Strong Buy History
Compagnie GenGGYCIBC Oppenheimer» Hold History
Computer NetworkCMNTBear Stearns» Buy History
ConvergysCVGPrudential» Strong Buy History
DoubleClickDCLKJanny Montgomery» Buy History
EarthWebEWBXCE Unterberg Twbn» Buy History
Egghead.ComEGGSPrudential» Strong Buy History
Factory 2-UFTUSSouthwest Securities» Buy -
Gouverneur BancGOVFriedman Billings» Hold -
ICG CommsICGXJefferies & Co» Buy History
Int'l TelecomITDSPrudential» Accumulate History
Int'l TelecomITDSVolpe Brown» Neutral History
IntrawareITRABB Rbrtsn Stphns» Buy -
IntrawareITRACSFB» Buy -
IntrawareITRAHambrecht & Quist» Buy -
Intrawest CorpIDRCowen & Co» Strong Buy History
Invitrogen CorpIVGNUSB Piper Jaffray» Strong Buy -
LHS GroupLHSGPrudential» Hold History
LHS GroupLHSGVolpe Brown» Neutral History
LightbridgeLTBGPrudential» Hold History
Masco CorpMASNB Montgomery» Buy History
PULITZERPTZGoldman Sachs» Recomm. List History
PolycomPLCMPreffered Cap Mkts» Buy History
Saville SysSAVLYPrudential» Accumulate History
Saville SysSAVLYVolpe Brown» Neutral History
SeagramVOCIBC Oppenheimer» Strong Buy History
Semtech CorpSMTCCIBC Oppenheimer» Buy History
Sherwin-WilliamsSHWNB Montgomery» Buy History
SkyTel CommsSKYTFirst Union Cap Mkts» Buy History
Structural DynamicsSDRCHambrecht & Quist» Buy History
USG CorpUSGNB Montgomery» Buy History
Vail ResortsMTNCowen & Co» Strong Buy History
Watson PharmaWPIDLJ» Mkt Perform -
pcOrder.comPCORCSFB» Buy -
pcOrder.comPCORCowen & Co» Strong Buy -
pcOrder.comPCORGoldman Sachs» Mkt Outperform -

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