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Upgrades & Downgrades - November 24
(last updated 4:37pm Eastern U.S. time)

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Upgrades
CompanySymbolBrokerage FirmUpgrade from:» Upgrade to:More

Amazon.comAMZNCE Unterberg TowbinLT Buy» Buy History
AutodeskADSKCSFBHold» Buy History
AutodeskADSKGoldman SachsMarket Perform» Market Outperform History
Avon ProductsAVPPrudentialHold» Strong Buy History
Black & DeckerBDKDeutsche Bc Alex. BrBuy» Strong Buy History
Conoco IncCOCJanney Mntgmy ScottAccumulate» Buy -
Cylink CorpCYLKFirst Analysis SecNeutral» Accumulate History
DoubleClickDCLKJanney Mntgmy ScottAccumulate» Buy History
Earthgrains CoEGRPrudentialAccumulate» Strong Buy History
Ferrellgas PartnersFGPPaineWebberAttractive» Buy History
Houghton MifflinHTNWasserstein PerellaBuy» Strong Buy History
Intel CorpINTCBanc of America SecBuy» Strong Buy History
Koninklijke PhilipsPHGING BaringsBuy» Strong Buy History
Linens'n ThingsLINTucker Anthony Cleary GullAccumulate» Strong Buy History
Martin MariettaMLMDeutsche Bc Alex. BrBuy» Strong Buy History
Merck & CoMRKBanc of America SecMarket Perform» Buy History
Sovereign BancorpSVRNSalomon Smth BrnyOutperform» Buy History
USinternetworkingUSIXCE Unterberg TowbinBuy» Strong Buy History
United UtilitiesUUHSBC SecuritiesST Hold» ST Buy History
Vignette CorpVIGNSG CowenBuy» Strong Buy History

 
Downgrades
CompanySymbolBrokerage FirmDowngrade from:» Downgrade to:More

Action PerformACTNBanc of America SecStrong Buy» Buy History
Alterra HlthcrALISouthwest SecsBuy» Neutral History
Aurora FoodsAORCSFBBuy» Hold History
Billing ConceptsBILLVolpe Brown WhelanBuy» Neutral History
Chiron CorpCHIRBear StearnsAttractive» Neutral History
Cole National CorpCNJMcDonald InvstBuy» Hold History
NovellNOVLMrgn Stnly Dn WttrOutperform» Neutral History
NovellNOVLVolpe Brown WhelanBuy» Neutral History
Pierce LeahyPLHPaineWebberBuy» Neutral History
Pixar AnimationPIXRPrudentialStrong Buy» Accumulate History
TJ IntlTJCOCIBC Wrld MktsBuy» Hold History
USFreightwaysUSFCBanc of America SecStrong Buy» Buy History
Vulcan MaterialsVMCDeutsche Bc Alex. BrStrong Buy» Buy History
WPP Group plcWPPGYBear StearnsBuy» Attractive History
Werner EntrprsWERNBanc of America SecBuy» Market Perform History


 
Coverage Initiated
CompanySymbolBrokerage Firm» Initial Recommendation:More

24/7 MediaTFSMFirst Union Sec» Strong Buy History
Alaska Comms (a)ALSKGoldman Sachs» Recommended List -
Allied Riser CommARCCThomas Weisel» Buy History
Alloy OnlineALOYUSB Piper Jaffray» Buy History
Amazon.comAMZNAdams Harkness» Market Perform History
Annuity & LifeALREJP Morgan» Buy History
BSQUARE Corp (a)BSQRCSFB» Buy History
Celgene CorpCELGBB Rbrtsn Stphns» LT Attractive History
CenturytelCTLLegg Mason» Buy History
Data Return (a)DRTNThomas Weisel» Strong Buy History
Digital Insight (a)DGINDeutsche Bc Alex. Br» Buy History
DoubleClickDCLKFirst Union Sec» Buy History
E-Tek DynamicsETEKCSFB» Buy History
Electr. BoutiqueELBOBanc of America Sec» Buy History
Engage TechENGAFirst Union Sec» Strong Buy History
Epcos AG (a)EPCMerrill Lynch» NT Buy/LT Buy -
ILEX OncologyILXOPrudential» Strong Buy -
InterliantINITCE Unterberg Towbin» Strong Buy History
Masco CorpMASMerrill Lynch» NT Buy/LT Buy History
Meristar HospitalityMHXFirst Union Sec» Strong Buy History
MiniMedMNMDPrudential» Strong Buy History
Newhall Land & FarmingNHLFirst Union Sec» Buy -
SBS Broadcasting S.A.SBTVING Barings» Buy -
SDL IncSDLICSFB» Buy History
Sycamore Networks (a)SCMRCSFB» Buy History
Sykes EnterprisesSYKEPrudential» Strong Buy History
Viador (a)VIADCIBC Wrld Mkts» Strong Buy History
Visible GeneticsVGINHambrecht & Quist» Buy History
West Teleservices Corp.WTSCJanney Mntgmy Scott» Buy History
Westell TechWSTLRobinson Humphrey» ST Mkt Perform/LT Buy History
eBayEBAYAdams Harkness» Accumulate History
iTurf IncTURFUSB Piper Jaffray» Strong Buy History
priceline.comPCLNAdams Harkness» Accumulate History

(a) Brokerage firm initiating coverage participated inunderwriting the recent IPO.
(b) Brokerage firm resumes coverage.
(c) Brokerage firm initiating coverage participated in the secondary offering.

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