This morning,

UBS Warburg

reiterated it hold rating on

Coca-Cola

(KO) - Get Report

as well as its 12-month price target of $61. But the firm cut its fourth-quarter EPS view to 39 cents a share from 41 cents and 2001 EPS view to $1.70 from $1.75.

And while

Salomon Smith Barney

cut the company's fourth-quarter EPS view to 39 cents a share from 41 cents, it said it would use Coca-Cola's weakness as a long-term buying opportunity. Last week, Coca-Cola posted profits that narrowly beat estimates, but said the weak euro could put pressure on future earnings.

Upgrades

Anheuser-Busch

(BUD) - Get Report

: 12-month price target UP to $50 from $46 at

Sanford Bernstein

and third-quarter EPS view to 57 cents from 56 cents.

Merck

(MRK) - Get Report

: UP to outperform from neutral at Salomon.

Silicon Valley

(SIVB) - Get Report

: UP to strong buy from accumulate at

Prudential Securities

.

SunGard Data

(SDS) - Get Report

: UP to strong buy from neutral at

Morgan Stanley Dean Witter

.

Downgrades

Classic Communications

(CLSC)

: REMOVED from

Goldman Sachs'

recommended for purchase list.

Federal-Mogul

(FMO) - Get Report

: DOWN to underperform from market perform at

Deutsche Banc Alex. Brown

.

Micron

(MU) - Get Report

: 2001 EPS view DOWN to $3.50 from $4 at Goldman Sachs.

SouthTrust

(SOTR)

: DOWN to market perform from long-term buy at

J.P. Morgan

.

Wilmington Trust

(WL)

: DOWN to market perform from long-term buy at J.P. Morgan.

Initiations

Cosine

(COSN)

: NEW market perform at Goldman; NEW buy at J.P. Morgan.