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Upgrades & Downgrades - November 04
(last updated 6:02pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Amer Home ProdsAHPDeutsche Bc Alex. BrBuy» Strong Buy History
Amer Home ProdsAHPSalomon Smth BrnyOutperform» Buy History
Applied MaterialsAMATNeedham & CoHold» Buy History
Cabot Oil & GasCOGSalomon Smth BrnyOutperform» Buy History
Capitol FederalCFFNFriedman BillingsMarket Perform» Accumulate -
Critical PathCPTHFAC/Eqts First AlbanyAccumulate» Buy History
Crystal SystemsCRYSFGruntal & CoNT Underperformer» NT Mkt Performer History
Equity OfficeEOPFriedman BillingsAccumulate» Buy History
GSI LumonicsGSLICSFBSell» Buy -
GSI LumonicsGSLIHambrecht & QuistMarket Perform» Buy -
Health Care PptyHCPLegg MasonOutperform» Buy History
NSTARNSTMerrill LynchLT Accum» LT Buy -
New Era of NetwksNEONSoundView TechBuy» Strong Buy History
New Holland N.V.NHLegg MasonMkt Perform» Buy History
Novellus SystemsNVLSNeedham & CoHold» Buy History
SemitoolSMTLSoundView TechHold» Buy History
Warner-LambertWLADeutsche Bc Alex. BrBuy» Strong Buy History
Warner-LambertWLASalomon Smth BrnyNeutral» Buy History
WestvacoWBear StearnsNeutral» Attractive History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

Aironet WirelessAIROCIBC Wrld MktsStrong Buy» Hold History
Albertson'sABSMrgn Stnly Dn WttrOutperform» Neutral History
American DentalADPIBB Rbrtsn StphnsBuy» LT Attractive History
AzurixAZXMerrill LynchNT Buy» NT Accum History
Biora ABBIORYMrgn Stnly Dn WttrOutperform» Neutral -
Brass EagleXTRMNeedham & CoStrong Buy» Buy History
CB Richard EllisCBGMerrill LynchNT Buy» NT Neutral History
Chancellor MediaAMFMCredit Lyonnais SecBuy» Add -
Cinergy CorpCINSalomon Smth BrnyOutperform» Neutral History
Curative HealthCUREFirst Union SecBuy» Hold History
Eco SoilESSICIBC Wrld MktsStrong Buy» Buy -
Elan Corp.ELNDLJTop Pick» Buy History
Global IndustriesGLBLRobinson HumphreyST Buy» ST Neutral History
Grp Maint. Amer.MAKMerrill LynchNT Buy» NT Accum History
ICOS CorpICOSSG CowenStrong Buy» Buy History
JDN Realty CorpJDNLegg MasonBuy» Outperform History
JDN Realty CorpJDNMerrill LynchLT Buy» LT Accum History
JDN Realty CorpJDNMerrill LynchNT Buy» NT Accum History
Meta4 N.V.MFORBB Rbrtsn StphnsBuy» LT Attractive -
MidAmer EnergyMECWarburg Dillon ReadBuy» Hold History
NEC CorporationNIPNYSchroder & CoOutperform» Perform-In-Line -
Navigant ConsultingNCIMerrill LynchLT Buy» LT Accum History
Navigant ConsultingNCIMerrill LynchNT Buy» NT Neutral History
Starwood HotelsHOTBB Rbrtsn StphnsBuy» Mkt Performer History
Starwood HotelsHOTGoldman SachsTrading Buy» Market Outperform History
Starwood HotelsHOTPrudentialStrong Buy» Hold History
Vimpel CommsVIPBear StearnsAttractive» Neutral History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

AT&TTThomas Weisel» Buy History
Ashland Inc. (b)ASHMerrill Lynch» NT Accum/LT Buy History
BioCryst PharmBCRXHambrecht & Quist» Buy -
Braun ConsultingBRNCAdvest Inc» Strong Buy History
Casey's General (b)CASYMerrill Lynch» NT Accum/LT Buy History
E.W. ScrippsSSPCredit Lyonnais Sec» Buy History
EMC Corp (b)EMCPaineWebber» Neutral History
EnzonENZNBB Rbrtsn Stphns» LT Attractive History
Health ManagementHMAUSB Piper Jaffray» Buy History
IT GroupITXSalomon Smth Brny» Buy History
JDS UniphaseJDSUMrgn Stnly Dn Wttr» Outperform History
Laboratory CorpLHWarburg Dillon Read» Buy History
Network AccessNASCKaufman Bros» Buy History
New York TimesNYTCredit Lyonnais Sec» Buy History
PG&E CorpPCGLehman Brothers» Buy History
PSS World Med.PSSIDLJ» Buy History
Province HealthPRHCUSB Piper Jaffray» Buy History
Quest DiagnosticsDGXWarburg Dillon Read» Strong Buy History
Quorum HealthQHGIUSB Piper Jaffray» Neutral History
SUPERVALUSVULegg Mason» Buy History
Safeguard Sci.SFECSFB» Buy History
Spanish Brdcsting (a)SBSALehman Brothers» Buy History
Sunoco (b)SUNMerrill Lynch» NT Neut/LT Accum History
Tosco Corp (b)TOSMerrill Lynch» NT Buy/LT Buy History
Transit GroupTRGPMrgn Stnly Dn Wttr» Outperform History
Trintech GroupTTPADLJ» Buy History
Ultramar Diamond (b)UDSMerrill Lynch» NT Accum/LT Buy History
Valero Energy (b)VLOMerrill Lynch» NT Neut/LT Neut History
Zoran CorpZRANSG Cowen» Buy History
eBayEBAYFriedman Billings» Buy History

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