Skip to main content

Donaldson, Lufkin & Jenrette

cut its fiscal 2001 earnings estimates on

America Online

(AOL)

to 61 cents a share from 71 cents a share, after AOL reported fiscal fourth-quarter 2000 earnings of 13 cents a share last night. But DLJ's estimates are on the high side: The current 2001 consensus is 55 cents, according to

First Call/Thomson Financial

.

Merrill Lynch

responded by raising its fiscal 2001 estimates to 58 cents per share from 53 cents per share.

DLJ maintained its price target of 120 a share, and a number of other analysts reiterated strong recommendations on the Internet company.

DLJ raised its price target on

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

to 120 from 100 after the company's quarterly earnings call last night.

Ventro

(VNTR) - Get Venator Materials PLC Report

Scroll to Continue

TheStreet Recommends

was cut by several analysts after its earnings report yesterday. The B2B company has been downgraded to hold from buy at

Credit Suisse First Boston

, and down to buy from strong buy at

Deutsche Banc Alex. Brown

.

Upgrades

Level 3 Communications

(LVLT)

: UP to buy from long-term buy at

J.P. Morgan

.

Precision Castparts

(PCP)

: UP to buy from hold at Credit Suisse First Boston; 2001 earnings per share estimate raised to $4.70 from $4.25; 2002 estimates raised to $5.40 from $4.90.

Host Marriot

(HMT)

: UP to accumulate from buy at Merrill Lynch; price target: 12.

Smith International

(SII)

: UP to short-term buy from short-term accumulate at Merrill Lynch.

Disney

(DIS) - Get Walt Disney Company Report

: Merrill Lynch raised Q4 earnings per share estimates to 19 cents from 16 cents, and increased 2000 estimates to 86 cents from 83 cents.

THQ

(THQI)

: UP to buy from market performer at

Banc of America Securities

.

Station Casinos

(STN) - Get Stantec Inc Report

: UP to buy from outperform at

Lehman Brothers

.

Apache

(APA) - Get APA Corp. Report

: UP to buy from outperform at Deutsche Banc Alex. Brown.

Bank of New York

(BK) - Get Bank of New York Mellon Corporation Report

: UP to buy from hold at Credit Suisse First Boston.

Mellon Financial

(MEL)

: UP to buy from hold at Credit Suisse First Boston.

Downgrades

Xilinx

(XLNX) - Get Xilinx, Inc. Report

: DOWN to buy from strong buy at

WR Hambrecht

after the company reported earnings of 27 cents a share for the second quarter, ahead of the 25-cent consensus. WR Hambrecht raised earnings estimates on Xilinx, despite downgrading the stock.

Gillette

(G) - Get Genpact Limited Report

: DOWN to buy from strong buy at Deutsche Banc Alex. Brown after the company's earnings report yesterday.

Salomon Smith Barney

lowered its price target on the company to $45 from $50.

Northwest Airlines

(NWAC)

: DOWN to buy from strong buy at Deutsche Banc Alex. Brown.

Cooper Tire and Rubber

(CTB) - Get Cooper Tire & Rubber Company Report

: DOWN to market perform from buy at Deutsche Banc Alex. Brown.

Complete Business Solutions

(CBSI)

: DOWN to hold from buy at Credit Suisse First Boston.

Gentex

(GNTX) - Get Gentex Corporation Report

: DOWN to buy from strong buy at Credit Suisse First Boston.

Burlington Resources

(BR) - Get Broadridge Financial Solutions, Inc. Report

: DOWN to buy from strong buy at Deutsche Banc Alex. Brown.

Mexican industrial conglomerate

Grupo Imsa

(IMY)

: DOWN to outperform from strong buy ahead of valuations at

Morgan Stanley Dean Witter

.

Sprint PCS

(PCS)

: DOWN to hold from outperform at

ABN Amro

.

Group Moves

Credit Suisse First Boston initiated coverage on a number of advertising/communications companies: