Upgrades

Corning

(GLW) - Get Corning Inc Report

: price target UP to 400 from 375 at

Merrill Lynch

; fiscal 2001 EPS estimates UP to $4.05 a share from $4.10.

Gtech Holding

(GTK)

: UP to intermediate-term buy from accumulate at Merrill Lynch; price target of 23.

Downgrades

Borders

(BGP)

: DOWN to market performer from market outperformer at

Goldman Sachs

.

Initiations

EXE Technologies

(EXEE)

: NEW strong buy at

TheStreet Recommends

Banc of America

.

Inktomi

(INKT)

: NEW buy at

Lehman Brothers

.

Lantronix

(LTRX) - Get Lantronix, Inc. Report

: NEW buy at Lehman Brothers.

NS Group

(NS) - Get NuStar Energy L.P. Report

: NEW intermediate-accumulate, long-term buy rating at Merrill Lynch; price target of 25.

Group Moves

CIBC World Markets

rolled out coverage of gaming stocks:

Credit Suisse First Boston downgraded several Web consulting firms: