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Upgrades & Downgrades - September 03
(last updated 6:01pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Amkor TechAMKRSalomon Smth BrnyOutperform» Buy History
Brinker Int'lEATDain Rauscher WesselsBuy» Strong Buy History
Covad CommsCOVDDeutsche Bc Alex. BrBuy» Strong Buy History
General DynamicsGDCSFBBuy» Strong Buy History
InfoUSA, Inc.IUSABABN AMROHold» Outperform History
Jones ApparelJNYMerrill LynchNT Accum» NT Buy History
Norsk Hydro ASANHYMerrill LynchNT Neutral» NT Accum History
PepsiCoPEPSchroder & CoPerform-In-Line» Outperform History
Reliant EnergyREIMcDonald InvstHold» Buy History
Speedway Motorsp.TRKBear StearnsNeutral» Attractive History
The BuckleBKEPMGHold» Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

Campbell SoupCPBDLJMarket Perform» Underperform History
Ingram Micro, Inc.IMRaymond JamesBuy» Accumulate History
Intl Network SvcsINSSFirst Union Cap MktsOutperform» Hold History
J.C. PenneyJCPPrudentialAccumulate» Hold History
Newell RubbermaidNWLBanc of America SecBuy» Market Perform History
Phila. Consol.PHLYMerrill LynchNT Buy» NT Accum History
Pillowtex CorpPTXCSFBBuy» Hold History
Pillowtex CorpPTXMerrill LynchLT Buy» LT Neutral History
Primedia, Inc.PRMBear StearnsAttractive» Neutral History
Vastar ResourcesVRILehman BrothersBuy» Outperform History
Vulcan MaterialsVMCRobinson HumphreyST Buy» ST Mkt Perform History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

Alberta EnergyAOGMrgn Stnly Dn Wttr» Strong Buy History
Alltel Corp.ATDeutsche Bc Alex. Br» Buy History
Am. Mobile SatelliteSKYCDeutsche Bc Alex. Br» Buy History
Amer. Natl Can (a)CANLehman Brothers» Outperform History
CNETCNETThomas Weisel» Buy History
Gillette Co (b)GMerrill Lynch» NT Accum/LT Buy History
Halliburton CoHALBrown Brothers» ST/LT Buy History
Hudson City Banc.HCBKFriedman Billings» Buy -
MDSI Mobile DataMDSIDain Rauscher Wessels» Strong Buy Aggress -
MattelMATABN AMRO» Buy History
Metrocall, Inc.MCLLEVEREN Sec.» ST Mkt Pfm/LT Outpfm History
Network SolutionsNSOLLehman Brothers» Buy History
Nextel CommsNXTLEVEREN Sec.» ST/LT Outperform History
Oracle CorpORCLCE Unterberg Towbin» LT Buy History
SawtekSAWSEVEREN Sec.» ST Mkt Pfm/LT Outpfm History
Tele Centro Sul PartTCSJP Morgan» Buy History
Tele Norte LesteTNEJP Morgan» Buy History
Telesp ParticipacoesTSPJP Morgan» LT Buy History
West PharmWSTWarburg Dillon Read» Buy 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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