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Upgrades & Downgrades - January 14
(last updated 4:41pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

AES CorpAESScott & StringfellowLT Buy» Strong Buy History
AFLAC, IncAFLDLJMkt Perform» Buy History
Adv Fibre CommsAFCINB MontgomeryHold» Buy History
Apple ComputerAAPLDLJMkt Perform» Buy History
AptarGroupATRSalomon Smth BrnyNeutral» Outperform History
BEA SystemsBEASSoundviewBuy» Strong Buy History
CNY Financial CorpCNYFFriedman BillingsAccumulate» LT Buy History
Calpine CorpCPNSalomon Smth BrnyNeutral» Outperform History
Coca-Cola FEMSAKOFLehman BrosOutperform» Buy History
Eli Lilly & CoLLYING Brng Frmn SelzBuy» Strong Buy History
Excel IndustriesEXCBear StearnsAttractive» Buy History
Harmonic LightwavesHLITSG Cowen & CoNeutral» Buy History
Hibernia CorpHIBLehman BrosNeutral» Outperform History
Lucent TechLULegg MasonMkt Perform» Outperform History
Manufactured HomeMHCING Brng Frmn SelzBuy» Strong Buy -
MedtronicMDTCS First BostonHold» Buy History
MotorolaMOTBB Rbrtsn StphnsLT Attractive» Buy History
Rational SoftwareRATLGoldman SachsMkt Perform» Recomm. List History
Reynolds MetalsRLMMrgn Stnly Dn WttrNeutral» Outperform History
Robert Mondavi CorpMONDBT Alex. BrownMkt Perform» Buy History
Saga CommsSGAWheat First UnionHold» Outperform History
SanDisk CorpSNDKMerrill LynchNT Neutral» NT Accumulate History
SunGlass Hut Int'lRAYSGruntal & CoHold» Strong Buy History
SunGlass Hut Int'lRAYSMrgn Stnly Dn WttrNeutral» Strong Buy History
Telefonos de MexicoTMXJP MorganMkt Perform» Buy History
United RentalsURIGoldman SachsMkt Outperform» Recomm. List History
Zoran CorpZRANPreferred Cap MktsAccumulate» Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

Adv Micro DevicesAMDBT Alex. BrownStrong Buy» Mkt Perform History
Adv Micro DevicesAMDDLJBuy» Mkt Perform History
Adv Micro DevicesAMDNB MontgomeryBuy» Hold History
Adv Micro DevicesAMDSutro & CoAccumulate» Hold History
Agrium, IncAGUCS First BostonBuy» Hold History
Apple ComputerAAPLSalomon Smth BrnyBuy» Neutral History
ExciteXCITDeutsche BankBuy» Accumulate History
ForcenergyFENLehman BrosOutperform» Neutral History
Funco, IncFNCOPiper JaffrayBuy» Neutral History
Grupo Elektra SAEKTSalomon Smth BrnyBuy» Neutral History
IDT CorpIDTCJefferies & CoBuy» Hold History
Int'l SpeedwayISCACIBC OppenheimerStrong Buy» Hold History
JD Edwards & CoJDECMrgn Stnly Dn WttrStrong Buy» Outperform History
LycosLCOSDeutsche BankBuy» Accumulate History
Macrovision CorpMVSNNB MontgomeryBuy» Hold History
Merge TechnologiesMRGELaSalle Street SecStrong Buy» Neutral History
Meridian ResourceTMRLehman BrosOutperform» Neutral History
Potash CorpPOTCS First BostonStrong Buy» Buy History
Rowan CompaniesRDCJefferies & CoBuy» Hold History
Snyder Oil CorpSNYMrgn Stnly Dn WttrOutperform» Neutral History
Snyder Oil CorpSNYNB MontgomeryBuy» Hold History
Standard CommercialSTWScott & StringfellowStrong Buy» Hold -
Standard CommercialSTWWheat First UnionBuy» Hold -
Syncor Int'lSCORSchroder & CoBuy» Neutral History
Sysco CorpSYYDLJBuy» Mkt Perform History
Whole Foods MarketWFMIAdams HarknessStrong Buy» Accumulate History
Whole Foods MarketWFMIBT Alex. BrownStrong Buy» Buy History
Whole Foods MarketWFMIDain RauscherStrong Buy» Neutral History
Whole Foods MarketWFMIFAC/Eqts Fst AlbanyBuy» Neutral History
Whole Foods MarketWFMIMrgn Stnly Dn WttrOutperform» Neutral History
Whole Foods MarketWFMIPiper JaffrayStrong Buy» Neutral History
Yahoo!YHOODeutsche BankBuy» Accumulate History
Yahoo!YHOOJefferies & CoBuy» Hold History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

Amer Bankers Ins (b)ABIING Brng Frmn Selz» Strong Buy -
Cardinal HealthCAHJP Morgan» Buy History
Cenit BancorpCNITScott & Stringfellow» LT Buy History
Countrywide CreditCCRBT Alex. Brown» Buy History
Digital RiverDRIVPiper Jaffray» Neutral History
Fannie MaeFNMBT Alex. Brown» Buy History
Four Seasons HotelFSBB Rbrtsn Stphns» LT Attractive History
Freddie MacFREBT Alex. Brown» Buy History
InterVoiceINTVEVEREN Sec.» IT Outperform History
Jabil CircuitJBLEVEREN Sec.» IT Mkt Perform History
Medaphis CorpMEDAInterstate/Johnson» Neutral History
Mentor CorpMNTRSutro & Co» Buy -
Microsoft CorpMSFTPrudential» Accumulate History
Mutual Risk MgmtMMFriedman Billings» LT Buy History
Promus HotelPRHBB Rbrtsn Stphns» Buy History
RealNetworksRNWKWarburg Dlln Rd» Buy History
Seacor SmitCKHMrgn Stnly Dn Wttr» Neutral History
Seagram Co (b)VOBear Stearns» Attractive History
Sequent Computer SysSQNTDA Davidson» Outperform History
TLC The Laser CenterLZRCSalomon Smth Brny» Neutral -
USA NetworksUSAIDeutsche Bank» Buy History
WW GraingerGWWBB Rbrtsn Stphns» LT Attractive History
Whittaker Corp (b)WKRLadenburg Thalmann» LT Buy -

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