Deutsche Banc Alex. Brown initiated coverage of several companies in the consumer products arena:

Chase H&Q

started coverage of

ASE Test


with a buy rating and a price target of 60.

J.P. Morgan

started coverage of


(AVA) - Get Report

with a buy rating.

Warburg Dillon Read

initiated coverage of

Bausch & Lomb


at buy and set a price target of 75.

Credit Suisse First Boston


Conexant Systems

(CNXT) - Get Report

with a strong buy rating and a 12-month target of 140.

CSFB raised its 2000 earnings estimates on

Credence Systems


to $3.60 from $3.35. The 12-month price target was raised to 170 from 90.

Lehman Brothers

said it cut

Great Atlantic & Pacific Tea


to neutral from buy.

CSFB raised

Radio One


to strong buy from buy, and boosted its 12-month price target to 105 from 80.

Donaldson Lufkin & Jenrette




to top pick from buy.