This morning, Morgan Stanley Dean Witter upgraded Dow component Caterpillar (CAT) - Get Report to outperform from neutral.
Upgrades
Next Level
(NXTV)
: price target UP to 150 from 120 at
Credit Suisse First Boston
.
Sanmina
(SANM) - Get Report
: price target UP to 120 from 90 at Credit Suisse First Boston, UP to 135 from 115 at
Donaldson Lufkin & Jenrette
and UP to 120 from 95 at
Prudential
.
Downgrades
Fort James
(FJ)
: DOWN to neutral from attractive at
Bear Stearns
.
Georgia-Pacific
(GP)
: DOWN to market outperform from buy list at
Goldman Sachs
.
Heidrick & Struggles
(HSII) - Get Report
: DOWN to neutral from attractive at
PaineWebber
.
PanAmSat
(SPOT) - Get Report
: DOWN to market performer from long-term buy at
J.P. Morgan
; price target lowered to 45 from 63. The stock was also cut to buy from strong buy at
SG Cowen
.
Rohm & Haas
(ROH)
: 2000 EPS estimate DOWN to $1.90 from $2.35 at DLJ.
Initiations
Accelerated Networks
(ACCL)
: NEW buy at CSFB.
Aflac
(AFL) - Get Report
: NEW buy at J.P. Morgan; price target: 66.
Black & Decker
(BDK)
: NEW near-term accumulate, long-term buy at
Merrill Lynch
; 12- to 18-month price target: 54.
SmartDisk
(SMDK)
: NEW near-term accumulate at Merrill Lynch.
