Boy, a lot of brokerages started looking at some new companies today. A pair of battery makers were started over at
Lehman Brothers
, while
Salomon Smith Barney
started a pair of jewelry retailers.
Upgrades
Sepracor
( SEPR): UP to strong buy from buy at
Robertson Stephens
.
Downgrades
Applied Micro Circuits
(AMCC)
: DOWN to market outperform at
Goldman Sachs
, removed from U.S. recommended for purchase list.
Comdisco
( CDO): DOWN to outperform from buy at Salomon Smith Barney.
Initiations
Energizer
(ENR) - Get Report
: NEW market perform at Lehman Brothers; price target: $23.
Micromuse
( MUSE): NEW market outperform at Goldman Sachs.
OTG Software
( OTGS): NEW outperform at Salomon Smith Barney; price target: $15.
Rayovac
( ROV): NEW buy at Lehman Brothers; price target: $25.
Tiffany
(TIF) - Get Report
: NEW outperform at Salomon Smith Barney.
Timberland
( TBL): NEW buy at Lehman Brothers; price target: $75.
Zale
(ZLC)
: NEW buy at Salomon Smith Barney; price target: $50.
