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Upgrades & Downgrades - December 21
(last updated 6:05pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Anadarko PetroAPCCIBC Wrld MktsBuy» Strong Buy History
Andrew CorpANDWJosephthal & CoHold» Buy History
Barrett ResourcesBRRFAC/Eqts First AlbanyBuy» Strong Buy History
Burl Nrth./Snta FeBNIDeutsche Bc Alex. BrMkt Perform» Buy History
Burlington ResrcBRCIBC Wrld MktsBuy» Strong Buy History
ComdiscoCDOMerrill LynchLT Accum» LT Buy History
Conoco Inc.COCBPaineWebberAttractive» Buy History
Enron Oil & GasEOGCIBC Wrld MktsHold» Buy History
Franklin ResrcsBENSchroder & CoPerform-In-Line» Outperf. Signif. History
Go.comGOSchroder & CoPerform-In-Line» Outperf. Signif. History
KN EnergyKMIDain Rauscher WesselsBuy» Strong Buy History
Modis ProfessionalMPSMerrill LynchNT Neutral» NT Accum History
NetSpeakNSPKCruttenden RothNeutral» Buy History
Newfield ExplorationNFXCIBC Wrld MktsHold» Buy History
Novellus SystemsNVLSABN AMROOutperform» Buy History
Novellus SystemsNVLSAdvest IncMarket Perform» Buy History
Tuesday MorningTUESSouthwest SecsAccumulate» Buy History
U.S. WestUSWDresdner Klnwrt BnsnHold» Buy History
Vintage PetoVPICIBC Wrld MktsHold» Strong Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

Amer. RetirementACRFerris BakerStrong Buy» Market Perform History
Amer. RetirementACRPrudentialStrong Buy» Hold History
Apex MortgageAXMSutro & CoBuy» Accumulate History
Brass EagleXTRMNeedham & CoBuy» Hold History
Burl Nrth./Snta FeBNIDLJBuy» Market Perform History
CNETCNETFirst Union SecStrong Buy» Buy History
Canadian Nat'l RailCNIDLJBuy» Market Perform History
Canadian Nat'l RailCNIMrgn Stnly Dn WttrOutperform» Neutral History
Carriage ServicesCSVJosephthal & CoBuy» Hold History
CaterpillarCATLehman BrothersBuy» Neutral History
Creditrust Corp.CRDTWedbush MorganBuy» Hold History
Morgan Stnly DWMWDBear StearnsBuy» Attractive History
NFO WorldwideNFOING BaringsStrong Buy» Hold History
Pharm ProductPPDIScott & StringfellowStrong Buy» Long Term Buy History
Pharmacia & UpjohnPNUSalomon Smth BrnyOutperform» Neutral History
Vixel CorpVIXLBear StearnsBuy» Attractive History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

APAC Cust Svc (b)APACMerrill Lynch» NT Accum/LT Buy History
Aetna Inc.AETBear Stearns» Attractive History
Allegiance TelecomALGXING Barings» Strong Buy History
AllscriptsMDRXUSB Piper Jaffray» Strong Buy History
Amylin PharmaceuticalsAMLNCruttenden Roth» Buy History
Apache Corp (b)APACIBC Wrld Mkts» Buy History
Apple Computer (b)AAPLMerrill Lynch» NT Accum/LT Accum History
BostonPrivate Fncl.Hldg.BPFHTucker Anthony Cleary Gull» Strong Buy History
Cable & WirelessCWPSchroder & Co» Outperform History
Callaway GolfELYFS Van Kasper» Strong Buy History
Chieftain Intl (b)CIDCIBC Wrld Mkts» Strong Buy History
Columbia/HCACOLPaineWebber» Attractive History
Covad CommsCOVDING Barings» Strong Buy History
Deltathree.com (a)DDDCLehman Brothers» Buy History
Devon EnergyDVNCIBC Wrld Mkts» Strong Buy History
EMC CorpEMCMadison Securities» Buy History
ESS TechESSTAG Edwards» Buy History
Efficient Ntwrks (b)EFNTCSFB» Buy History
Elec. For ImagingEFIIPaineWebber» Buy History
FSI Intl (b)FSIINeedham & Co» Buy History
Finova GroupFNVABN AMRO» Buy History
Flowserve CorpFLSCSFB» Buy History
GetThere.com (a)GTHRSalomon Smth Brny» Buy History
Global IndustriesGLBLCSFB» Buy History
Haggar CorporationHGGRFirst Union Sec» Hold History
Health ManagementHMAPaineWebber» Attractive History
Healtheon/WebMDHLTHBB Rbrtsn Stphns» Buy History
Hussmann IntlHSMCSFB» Hold History
IDEX CorporationIEXCSFB» Buy History
InfoUSA, IncIUSAStephens Inc» Mkt Outperform History
Ispat Int'l N.V.ISTMrgn Stnly Dn Wttr» Outperform History
Korea Thrunet (a)KOREACIBC Wrld Mkts» Buy History
Liberty FinancialLBanc of America Sec» Buy History
Limited TooTOOUSB Piper Jaffray» Buy History
Manitowoc CoMTWBear Stearns» Buy History
Mills CorpMLSMrgn Stnly Dn Wttr» Outperform History
NBC InternetNBCIDeutsche Bc Alex. Br» Strong Buy History
NCO GroupNCOGTucker Anthony Cleary Gull» Strong Buy History
Net2Phone (a)NTOPDLJ» Buy History
NorthPoint CommsNPNTING Barings» Buy History
Nuevo EnergyNEVCIBC Wrld Mkts» Strong Buy History
PNV Inc. (a)PNVNCIBC Wrld Mkts» Buy History
PSS World Med.PSSICSFB» Hold History
Portal SoftwarePRSFMrgn Stnly Dn Wttr» Outperform History
Province HealthPRHCPaineWebber» Attractive History
Rhythms NetConn.RTHMING Barings» Buy History
Roper IndsROPCSFB» Buy History
Russell CorporationRMLFirst Union Sec» Buy History
SEMCO EnergySMGSSalomon Smth Brny» Buy History
Service Corp (b)SRVBear Stearns» Neutral History
Somera Comm (a)SMRALehman Brothers» Buy History
Southwall TechnologiesSWTXNeedham & Co» Buy History
St. Jude MedicalSTJABN AMRO» Hold History
Stewart Enterprises (b)STEIBear Stearns» Attractive History
Swift Energy (b)SFYCIBC Wrld Mkts» Strong Buy History
Tenet HealthcareTHCPaineWebber» Attractive History
Tickets.comTIXXWit Capital» Buy History
Triad HospitalsTRIHPaineWebber» Buy History
Tumbleweed Sftwr (a)TMWDING Barings» Buy History
Universal HealthUHSPaineWebber» Buy History
Wesley JessenWJCOWarburg Dillon Read» Buy History
iManage (a)IMANUSB Piper Jaffray» Strong Buy History

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

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