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Upgrades & Downgrades - August 11
(last updated 4:38pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Abercrombie & FitchANFBrown BrothersST Buy» ST Strong Buy History
Abercrombie & FitchANFPrudentialAccumulate» Strong Buy History
Co. Gen. de Geophy.GGYSalomon Smth BrnyNeutral» Outperform History
Coca-Cola FEMSAKOFWarburg Dillon ReadBuy» Strong Buy History
Cox CommsCOXMerrill LynchNT Accum» NT Buy History
Dendrite IntlDRTEAdams HarknessAccumulate» Trading Buy History
Dollar Thrifty AutoDTGSalomon Smth BrnyOutperform» Buy History
Four Seasons HtlFSSchroder & CoPerform-In-Line» Outperform History
GP StrategiesGPXCE Unterberg TowbinHold» Buy History
Global MarineGLMRobinson HumphreyST Mkt Perform» ST Buy History
InfoCureINCXPrudentialAccumulate» Strong Buy History
Integrated DeviceIDTILehman BrothersNeutral» Buy History
Kaufman & BroadKBHWarburg Dillon ReadBuy» Strong Buy History
LCC IntlLCCIFriedman BillingsAccumulate» Buy History
MMC NetworksMMCNAG EdwardsAccumulate» Buy History
Monarch DentalMDDSHambrecht & QuistMarket Perform» Buy History
Pulte CorpPHMWarburg Dillon ReadHold» Buy History
RazorfishRAZFFirst Union Cap MktsHold» Outperform History
Reynolds MetalsRLMABN AMROUnderperform» Hold History
Ryland GroupRYLWarburg Dillon ReadHold» Buy History
Scholastic CorpSCHLCIBC World MarketsHold» Buy -
Smithkline BeechamSBHLehman BrothersNeutral» Outperform History
Winstar CommsWCIIAG EdwardsAccumulate» Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

Annaly MortgageNLYSutro & CoAccumulate» Hold History
Apex MortgageAXMSutro & CoBuy» Hold History
Applied MaterialsAMATNeedham & CoBuy» Hold History
Barr LabsBRLGruntal & CoStrong Buy» Buy History
BellSouthBLSBrown BrothersST Buy» ST Neutral History
Conning CorpCNNGDLJBuy» Market Perform -
Crossmann Commun.CROSWarburg Dillon ReadStrong Buy» Buy -
EPL TechsEPTGPrudentialAccumulate» Hold History
Hillenbrand IndHBING BaringsBuy» Hold History
Intl IntegrationICUBFirst Union Cap MktsBuy» Outperform History
Intl Network SvcsINSSFirst Union Cap MktsBuy» Outperform History
Intl Network SvcsINSSLehman BrothersBuy» Neutral History
LifeCore BiomedLCBMUSB Piper JaffrayStrong Buy» Buy History
NPS PharmNPSPCIBC World MarketsStrong Buy» Buy History
Oakwood HomesOHJefferies & CoAccumulate» Hold History
Reinsur. Grp of Am.RGAAG EdwardsBuy» Maintain Position History
Sauer Inc.SHSSalomon Smth BrnyOutperform» Neutral History
Silicon GraphicsSGIMerrill LynchNT Accum» NT Neutral History
Strayer EducSTRABarrington ResearchStrong Buy» LT Buy History
Thermo EcotekTCKBarrington ResearchLT Buy» Hold/Neutral -
U.S. HomeUHWarburg Dillon ReadStrong Buy» Buy History
Whole Foods MktWFMIPacific CrestStrong Buy» Buy History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

Amazon.comAMZNBanc of America Sec» Strong Buy History
AmeriSource HlthAASMcDonald Invst» Buy History
Ariba IncARBAHambrecht & Quist» Buy History
Audible (a)ADBLJP Morgan» Buy History
Baker HughesBHIBear Stearns» Buy History
Bindley WesternBDYMcDonald Invst» Hold History
CBT Group PLCCBTSYThomas Weisel» Buy History
China.com (a)CHINALehman Brothers» Buy -
Concentric NetworkCNCXE*OFFERING» Buy History
Cooper CameronCAMBear Stearns» Neutral History
Corp Office PropsOFCLegg Mason» Buy History
Cyberian OutpostCOOLBanc of America Sec» Market Perform History
Diamond OffshoreDORobinson Humphrey» ST/LT Buy History
Fatbrain.comFATBBanc of America Sec» Buy History
Halliburton CoHALBear Stearns» Neutral History
Hellenic Telecom (b)OTEMerrill Lynch» NT Buy/LT Buy History
INSpire Insur. SolsNSPRABN AMRO» Outperform History
IndyMac MortgageNDEJefferies & Co» Accumulate History
Invacare CorpIVCMcDonald Invst» Hold History
Keith Cos (a)TKCIWedbush Morgan» Buy -
Lamar AdvertisingLAMRGoldman Sachs» Recommended List History
LeukoSite, Inc.LKSTING Barings» Buy History
Lyondell ChemLYOSchroder & Co» Outperf. Signif. History
National-OilwellNOIBear Stearns» Buy History
Onsale, Inc.ONSLBanc of America Sec» Market Perform History
Paradyne Corp (a)PDYNBB Robertson Stephens» Buy History
RAVISENT Tech (a)RVSTBear Stearns» Buy History
SchlumbergerSLBBear Stearns» Buy History
ShopKo StoresSKOLehman Brothers» Outperform History
Smith Int'lSIIBear Stearns» Neutral History
Sovereign BancorpSVRNAdvest Inc» Buy History
Swift EnergySFYMrgn Stnly Dn Wttr» Outperform History
Syncor IntlSCORWarburg Dillon Read» Buy History
Value America Inc.VUSABanc of America Sec» Market Perform History
Visual DataVDATCruttenden Roth» Strong Buy -
Weatherford IntlWFTBear Stearns» Attractive History
eToysETYSBanc of America Sec» Market Perform 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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