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Upgrades & Downgrades - September 10
(last updated 6:03pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

AdForceADFCVolpe Brown WhelanBuy» Strong Buy -
AppNet SystemsAPNTCSFBBuy» Strong Buy History
Atlantic Coast AirACAIMerrill LynchLT Accum» LT Buy History
Atlantic Coast AirACAIMerrill LynchNT Neutral» NT Accum History
Koninklijke PhilipsPHGDeutsche Bc Alex. BrBuy» Strong Buy History
Merix CorpMERXNeedham & CoHold» Buy History
MidAmer EnergyMECMrgn Stnly Dn WttrNeutral» Outperform History
National SemiNSMJosephthal & LyonHold» Buy History
Outback SteakhouseOSSIDain Rauscher WesselsBuy» Strong Buy History
Outback SteakhouseOSSIFerris BakerBuy» Strong Buy History
Pioneer NaturalPXDSalomon Smth BrnyNeutral» Outperform History
Tandy CorpTANPrudentialAccumulate» Strong Buy History
True North CommsTNOBear StearnsAttractive» Buy History
Union PacificUNPDLJMarket Perform» Buy History
Value City StoresVCDAG EdwardsMaintain Position» Accumulate History
Veritas DGCVTSDain Rauscher WesselsBuy» Buy Speculative History
Veritas DGCVTSWarburg Dillon ReadHold» Buy History
VerityVRTYJosephthal & LyonBuy» Focus List History
Viant CorpVIANCSFBBuy» Strong Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

AMRESCOAMMBPrudentialStrong Buy» Hold History
APEX PC SolsAPEXDain Rauscher WesselsStrong Buy Aggress» Buy Aggressive -
Alliant EnergyLNTDeutsche Bc Alex. BrBuy» Mkt Perform History
American MngmtAMSYING BaringsBuy» Hold History
Baker HughesBHIStephens IncBuy» Mkt Outperform History
Boston Comms GrpBCGIFirst Analysis SecAccumulate» Neutral History
CIBERCBRCSFBStrong Buy» Buy History
Complete Bus. Sol.CBSICSFBStrong Buy» Buy History
Consumers GasCPGAG EdwardsBuy» Maintain Position History
Cyprus AmaxCYMPrudentialStrong Buy» Hold History
Dave & Buster'sDABSouthwest SecsBuy» Neutral History
Diamond OffshoreDOAG EdwardsBuy» Accumulate History
Global MarineGLMAG EdwardsBuy» Accumulate History
Guarantee LifeGUARFriedman BillingsBuy» Accumulate History
HEALTHSOUTHHRCBanc of America SecBuy» Market Perform History
HEALTHSOUTHHRCBear StearnsAttractive» Neutral History
HEALTHSOUTHHRCCSFBStrong Buy» Buy History
HEALTHSOUTHHRCDLJBuy» Market Perform History
HEALTHSOUTHHRCING BaringsBuy» Hold History
HEALTHSOUTHHRCJC BradfordStrong Buy» Neutral History
HEALTHSOUTHHRCJP MorganBuy» LT Buy History
HEALTHSOUTHHRCMerrill LynchNT Accum» NT Neutral History
HEALTHSOUTHHRCSalomon Smth BrnyBuy» Neutral History
IDEC PharmIDPHLehman BrothersBuy» Outperform History
Labor ReadyLRWStephens IncBuy» Neutral History
Mastech CorpMASTCSFBStrong Buy» Buy History
Maytag CorpMYGBanc of America SecStrong Buy» Market Perform History
Maytag CorpMYGSalomon Smth BrnyBuy» Outperform History
Metro InformationMISIScott & StringfellowStrong Buy» Long Term Buy History
National SemiNSMNeedham & CoBuy» Hold History
Potash CorpPOTJP MorganLT Buy» Mkt Perform History
Premark IntlPMIMcDonald InvstBuy» Hold History
Rock-Tenn CoRKTJP MorganBuy» LT Buy History
SawtekSAWSDain Rauscher WesselsBuy» Neutral History
St. Jude MedicalSTJBanc of America SecStrong Buy» Buy History
St. Jude MedicalSTJBear StearnsBuy» Attractive History
Stone EnergySGYPrudentialStrong Buy» Accumulate History
SunocoSUNPaineWebberBuy» Attractive History
Tosco CorpTOSPaineWebberBuy» Attractive History
Ultramar DiamondUDSPaineWebberAttractive» Neutral History
Wisconsin EnergyWECDeutsche Bc Alex. BrBuy» Mkt Perform History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

3Com CorpCOMSSchroder & Co» Perform-In-Line History
AlliedSignalALDBrown Brothers» ST/LT Buy History
Amkor TechAMKRThomas Weisel» Strong Buy History
Bell MicroBELMNeedham & Co» Buy History
Biopure Corp (a)BPURAdams Harkness» Strong Buy History
Blockbuster (a)BBISchroder & Co» Outperform History
CIENA CorpCIENSchroder & Co» Outperform History
Cambrex CorpCBMDeutsche Bc Alex. Br» Strong Buy History
Capital OneCOFBanc of America Sec» Buy History
Carnival CorpCCLSchroder & Co» Outperform History
CatalyticaCTALDeutsche Bc Alex. Br» Strong Buy History
Church & DwightCHDDLJ» Buy History
Cisco SystemsCSCOSchroder & Co» Outperf. Signif. History
INAMED CorpIMDCCIBC Wrld Mkts» Strong Buy History
InfoSpace.comINSPUSB Piper Jaffray» Buy History
Lucent TechLUSchroder & Co» Outperform History
MBNA CorpKRBBanc of America Sec» Market Perform History
MKS InstrumentsMKSIGoldman Sachs» Market Outperform History
Medicis PharmMRXGruntal & Co» Outperformer History
N2H2 Inc (a)NTWOCIBC Wrld Mkts» Strong Buy History
Polaris IndsPIIUSB Piper Jaffray» Buy History
Providian FinclPVNBanc of America Sec» Buy History
Quanta ServicesPWRMerrill Lynch» NT Buy/LT Buy History
Royal CaribbeanRCLSchroder & Co» Outperform History
Smithfield FoodsSFDSMerrill Lynch» NT Accum/LT Buy History
Varian SemiVSEAGoldman Sachs» Market Outperform 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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