Bear Stearns

cut its earnings-per-share outlook on



for the first and second quarters. The Bear said it appears Gateway could fall $100 million to $150 million short of the firm's first-quarter revenue estimate. The Bear did maintain its buy rating on the stock.

American Tower

(AMT) - Get Report


Lehman Brothers

; price target UP to 58.

Applied Materials

(AMAT) - Get Report

: price target UP to 125 from 112 at

Credit Suisse First Boston


Applied Micro Circuits


: UP to buy from accumulate at

Merrill Lynch

; risk rating UP to high from above average.


(BMS) - Get Report

: UP to strong buy from buy at

Deutsche Banc Alex. Brown



(BLK) - Get Report

: DOWN to intermediate-term accumulate from buy at Merrill.

Cumulus Media

(CMLS) - Get Report

: DOWN to hold from buy at

Salomon Smith Barney


Fairchild Semiconductor


: price target UP to 52 from 48 at CSFB.

Hispanic Broadcasting


: DOWN to intermediate-term neutral from intermediate-term accumulate at Merrill Lynch based on valuation.

Jabil Circuit

(JBL) - Get Report

: price target UP to 95 from 82 at CSFB. Fiscal 2000 and 2001 earnings estimates UP at

SG Cowen


KeySpan Energy


: UP to intermediate-term buy from neutral at Merrill.

On Assignment

(ASGN) - Get Report

: DOWN to hold from buy at CSFB.

Sycamore Networks


: REINSTATED at buy CSFB; price target SET at 175.



: UP to strong buy from neutral at

First Albany