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Upgrades & Downgrades - October 16
(last updated 4:32pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Arterial Vascular EngAVEIStephens IncOutperform» Buy History
BEA SystemsBEASBT Alex. BrownBuy» Strong Buy History
Cable Design TechCDTSalomon Smth BrnyOutperform» Buy History
Chase ManhattanCMBMerril LynchNT Accumulate» NT Buy History
Control DevicesSNSRAG EdwardsAccumulate» Buy History
First Union CorpFTUMerrill LynchNT Accumulate» NT Buy History
Gillette CompanyGDLJMkt Perform» Buy History
IBP, IncorporatedIBPGoldman SachsMkt Outperform» Recomm. List History
Inso CorpINSOAdams HarknessAttractive» Trading Buy History
Kerr-McGeeKMGJP MorganMkt Perform» Buy History
Mellon BankMELMerrill LynchNT Accumulate» NT Buy History
Minorco SAMNRCYJP MorganMkt Perform» Buy History
Norwest CorpNOBMerrill LynchNT Accumulate» NT Buy History
OEC MedicalOXESouthwest Sec.Accumulate» Buy History
Progressive CorpPGRMerrill LynchNT Neutral» NT Accumulate History
SLM Holding CorpSLMPrudentialHold» Accumulate History
Sun MicrosystemsSUNWBear StearnsAttractive» Buy History
The Progressive CorpPGRING Barings Fm SelzBuy» Strong Buy History
The Progressive CorpPGRSalomon Smth BrnyOutperform» Buy History
Travel ServicesTRVLING Barings Fm SelzBuy» Strong Buy History
Triangle BancorpTGLWheat First UnionOutperform» Buy History
Whitman CorpWHSchroder & CoPerform In Line» Outperform History
Whitman CorporationWHSalomon Smth BrnyOutperform» Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

AFLAC IncAFLDLJBuy» Mkt Perform History
Archer Daniels MdADMDLJMkt Perform» Underperform History
Arterial Vascular EngAVEIAdams HarknessBuy» Attractive History
Arterial Vascular EngAVEIHambrecht & QuistStrong Buy» Hold History
Artesyn TechnologiesATSNBT Alex. BrownStrong Buy» Buy History
Aspect TelecomASPTPiper JaffrayStrong Buy» Buy History
BMC SoftwareBMCSGoldman SachsRecomm. List» Mkt Outperform History
BMC SoftwareBMCSPrudentialStrong Buy» Accumulate History
Ballantyne of OmahaBTNSchroder & CoBuy» Neutral History
Charles Schwab CorpSCHDeutsche BankBuy» Hold History
Deere & CoDESchroder & CoOutperform Signif» Outperform History
FIRSTPLUS FinancialFPPiper JaffrayBuy» Neutral History
Firstplus FinancialFPPrudentialHold» Sell History
Freddie MacFREPrudentialStrong Buy» Accumulate History
GTE CorpGTEAG EdwardsAccumulate» Maintain History
Grupo Radio Centro SARCJP MorganBuy» Mkt Perform History
Intl MicrocomputerIMSIFAC/Eqts Fst AlbanyStrong Buy» Neutral History
Kellogg CompanyKDLJMkt Perform» Underperform History
KeyCorpKEYFAC/Eqts Fst AlbanyBuy» Neutral History
King World ProductionsKWPGoldman SachsMkt Outperform» Mkt Perform History
MMC NetworksMMCNHambrecht & QuistBuy» Hold History
MeadowcraftMWIAG EdwardsBuy» Accumulate History
Object DesignODISHambrecht & QuistBuy» Hold History
Penn-America GrpPNGDLJBuy» Mkt Perform History
Quantum CorpQNTMBT Alex. BrownBuy» Mkt Perform History
RemedyTemp IncREMXWarburg Dlln RdStrong Buy» Buy History
Sara LeeSLELehman Bros.Buy» Outperform History
Sonus PharmaSNUSHambrecht & QuistBuy» Hold History
Transatlantic HoldingsTRHDLJBuy» Mkt Perform History
USEC IncUSUMerrill LynchNT Buy» NT Accumulate History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

ABM IndustriesABMSchroder & Co» Buy History
AirTouch CommsAITWheat First Union» Outperform History
Alberto-CulverACVNB Montgomery» Buy History
AnadigicsANADNeedham & Co» Buy History
Avon ProductsAVPNB Montgomery» Buy History
Bonded MotorsBMTRSchroder & Co» Buy History
CloroxCLXNB Montgomery» Hold History
Colgate PalmoliveCLNB Montgomery» Hold History
Dial CorpDLNB Montgomery» Buy History
EEX CorpEEXNB Montgomery» Buy History
EquinoxEQNXSchroder & Co» Buy History
Fortune BrandsFOMcDonald & Co» Buy History
Gillette CompanyGNB Montgomery» Hold History
Hagler Bailly IncHBIXWarburg Dlln Rd» Buy History
International SpeedwayISCALadenburg Thalmann» Buy History
Lam Research Group (b)LRCXNeedham & Co» Hold History
Lifetime Hoan CorpLCUTSchroder & Co» Buy History
Maximus IncMMSWarburg Dlln Rd» Strong Buy History
Mercantile BanksharesMRBKSalomon Smth Brny» Neutral History
Microchip TechnologyMCHPPrudential» Accumulate History
Modis Prof SvcsMPSWarburg Dlln Rd» Buy History
Nextel CommsNXTLWheat First Union» Buy History
Omnipoint CommsOMPTWheat First Union» Hold History
Procter & GamblePGNB Montgomery» Hold History
Rehabcare GroupRHBCSchroder & Co» Neutral History
Robert Half IntlRHIWarburg Dlln Rd» Hold History
Rural CellularRCCCWheat First Union» Outperform History
dELiA*s IncDLIAWheat First Union» LT Buy History

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