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Upgrades & Downgrades - June 29
(last updated 4:35pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Alliance SemiALSCNeedham & CoBuy» Strong Buy History
Archstone CommunitiesASNLegg MasonOutperform» Buy History
ChevronCHVDLJMarket Perform» Buy History
FlashNet CommsFLASLadenburg ThalmannBuy» Strong Buy History
Mercantile BancorpMTLAdvest IncMarket Perform» Buy History
Pall CorpPLLS&P Equity ResearchAccumulate» Buy History
PepsiCoPEPMorgan Stanley Dean WitterOutperform» Strong Buy History
Scientific-AtlantaSFADLJMarket Perform» Buy History
Sinclair BroadcastSBGIMerrill LynchLT Accum» LT Buy History
Technology SolutionsTSCCAdams HarknessAccumulate» Strong Buy History
TexacoTXMcDonald InvestmentsHold» LT Buy History
USX-U.S. SteelXJP MorganMkt Perform» Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

MilacronMZMcDonald InvestmentsBuy» Hold History
Rental ServiceRSVLegg MasonBuy» Mkt Perform History
Seagate TechSEGDeutsche Bc Alex. BrStrong Buy» Buy History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

Ameritrade HoldingAMTDPacific Crest» Strong Buy History
BE AerospaceBEAVCIBC World Markets» Buy History
Bed Bath & Beyond Inc. (b)BBBYBB Robertson Stephens» Buy History
CT CommunicationsCTCILegg Mason» Buy History
CloroxCLXBanc of America Sec» Buy History
Comfort Systems USAFIXCSFB» Strong Buy History
CompuwareCPWRVolpe Brown Whelan» Neutral History
Coulter Pharm.CLTRVolpe Brown Whelan» Neutral History
CyBear (a)CYBACIBC World Markets» Strong Buy History
CyBear (a)CYBAGruntal & Co» Strong Buy History
EG&GEGGGoldman Sachs» Recommended List History
EcolabECLUSB Piper Jaffray» Buy History
Ethan Allen Interiors Inc (b)ETHBB Robertson Stephens» Buy History
Federated InvestorsFIICIBC World Markets» Buy History
Firstar CorpFSRAdvest Inc» Buy History
Grp Maintenance Amer.MAKCSFB» Strong Buy History
Hain Food GrpHAINAdams Harkness» Accumulate History
IDEC Pharm.IDPHVolpe Brown Whelan» Buy History
Imclone SystemsIMCLVolpe Brown Whelan» Buy History
Integrated Electr. SvcIEECSFB» Strong Buy History
Investment Tech GrpITGJefferies & Co» Buy History
Kimberly-ClarkKMBBanc of America Sec» Buy History
Michaels Stores, Inc. (b)MIKEBB Robertson Stephens» LT Attractive History
Natl Discount BrokersNDBDeutsche Bc Alex. Br» Strong Buy History
Netwk Access SolutionsNASCDLJ» Buy History
Nu Skin Enterpr.NUSBanc of America Sec» Buy History
Online Res. & Comms. (a)ORCCJP Morgan» Buy History
Online Res. & Comms. (a)ORCCUSB Piper Jaffray» Buy History
PerrigoPRGOBanc of America Sec» Hold History
Prima EnergyPENGMcDonald Investments» Buy History
R.J. Reynolds Tob.RJRSalomon Smith Barney» Neutral History
SunbeamSOCBanc of America Sec» Hold History
WellmanWLMPaine Webber» Buy History
West Marine, Inc. (b)WMARBB Robertson Stephens» LT Attractive History
Wit Capital (a)WITCBear Stearns» Buy History
Wit Capital (a)WITCThomas Weisel» Buy History
Youbet.comUBETBB Robertson Stephens» Buy History
iXL Enterprises (a)IIXLSG Cowen» Buy History

(a) Brokerage firm initiating coverage participated in underwriting the recent IPO.
(b) Brokerage firm resumes coverage.
(c) Brokerage firm initiating coverage participated in the secondary offering.

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