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J.P. Morgan downgraded its rating on Allstate (ALL) - Get Allstate Corporation Report to market perform from long-term buy. It also lowered its 2000 earnings estimate for the company to $2.55 from $2.80 per share.

The firm also downgraded


(UNM) - Get Unum Group Report

to market perform from buy.

Donaldson Lufkin & Jenrette

also downgraded the stock to buy from top pick and

Morgan Stanley Dean Witter

axed UNUMProvident's rating to outperform from strong buy.

Credit Suisse First Boston


C.H. Robinson

(CHRW) - Get C.H. Robinson Worldwide, Inc. Report

to strong buy from buy and set a low-60's price target.

ING Barings

launched coverage of

TheStreet Recommends


(ATVI) - Get Activision Blizzard, Inc. Report


Electronic Arts



Midway Games




(TTWO) - Get Take-Two Interactive Software, Inc. Report




as buys.

Merrill Lynch


Parker Hannifin

(PH) - Get Parker-Hannifin Corporation Report

to near-term accumulate from neutral.

Warburg Dillon Read

initiated coverage of

Phillips Petroleum


with a hold rating and a price target of 42. The firm also launched coverage oN

Occidental Petroleum

(OXY) - Get Occidental Petroleum Corporation Report

at a buy with a price target of 25.

ING Barings launched coverage of



at a strong buy with a price target of 18.

Goldman Sachs




to trading buy from market outperform.

Warburg Dillon Read downgraded

United Payors


to hold from strong buy on valuation, the firm said.

ING Barings initiated coverage of

Watson Electronics


with an outperform rating.