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Upgrades

Abercrombie & Fitch

(ANF)

: Up to buy from hold at

Credit Suisse First Boston

.

Apple

(AAPL)

: UP to attractive from neutral at

PaineWebber

.

Cisco

(CSCO)

: fiscal 2001 estimates UP to 74 cents from 69 cents a share at

Deutsche Banc Alex. Brown

.

Foundation Health Systems

(FHS)

: UP to buy from outperform at Salomon Smith Barney.

Robert Mondavi

(MOND)

: UP to intermediate, long-term buy from accumulate at

Merrill Lynch

.

Sherwin-Williams

(SHW)

: UP to buy from market perform at

Banc of America

.

VA Linux

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

Vitesse Semiconductor

(VTSS)

: UP to strong buy from buy at Banc of America.

Downgrades

Franklin Resources

(BEN)

: DOWN to outperform from buy at

Salomon Smith Barney

.

Initiations

InFocus

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: NEW buy at Salomon Smith Barney; price target of 60.

Visteon

(VC)

: NEW intermediate, long-term accumulate at

Merrill Lymch

; price target of 18.

Williams-Sonoma

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: NEW intermediate-accumulate, long-term buy at Merrill Lynch; price target of 50; DOWN to market perform from buy.

Group Moves

Lehman Brothers

raised its rating on the following oil service stocks:

  • BJ (BJ) : to buy from outperform
  • Rowan (RDC) : to buy from outperform
  • Tidewater (TDW) : to buy from outperfrom
  • Smith (SII) : to outperform from neutral.
  • Transocean Sedco (RIG) : to outperform from neutral.

Deutsche Banc Alex.Brown rolled out coverage of three telecom stocks:

  • SBC Communicationsundefined: strong buy.
  • Bellsouth (BLS) : buy
  • Verizon (VZ) : buy

UBS Warburg

had rating changes on several banks stocks:

  • Bank of New York (BK) : DOWN to buy from strong buy
  • Northern Trust (NTRS) : DOWN to a hold from buy
  • PNC Financial (PNC) : UP to strong buy from buy

Group Moves

Donaldson Lufkin & Jenrette

raised its rating on the following oil service stocks:

  • Georgia-Pacific (GP) : UP to buy from market perform.
  • Louisiana-Pacific (LPX) : UP to buy from market perform.