Analyst Actions: Caterpillar, Black & Decker, Georgia-Pacific, Aflac

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.