Analyst Actions: Dell, Federated Department Stores, ADC Telecommunications, Ball

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Hindsight's 20/20, right? Well, before

Dell

(DELL) - Get Report

issued its earnings warning this morning,

Robertson Stephens

upgraded the PC maker to long-term attractive from market performer.

Upgrades

Aflac

(AFL) - Get Report

: UP to strong buy from buy at

Banc of America

; 12-month price target: $79. It was also raised to strong buy from market perform at

Lehman Brothers

.

Amgen

(AMGN) - Get Report

: price target UP to $92 from $76 at Banc of America; and UP to strong buy from outperform at

Morgan Stanley Dean Witter

.

Federated Department Stores

(FD)

: ADDED to recommended list at

Goldman Sachs

.

Northern Trust

(NTRS) - Get Report

: UP to accumulate from neutral at

Merrill Lynch

.

Downgrades

ADC Telecommunications

(ADCT) - Get Report

: DOWN to long-term attractive from buy at Robbie Stephens.

Ball

(BLL) - Get Report

: DOWN to buy from strong buy at Lehman.

Scientific Atlanta

(SFA)

: DOWN to outperform from strong buy at Morgan Stanley.

Textron

(TXT) - Get Report

: DOWN to buy from strong buy at Banc of America; 2001 EPS DOWN to $4.85 from $5.30; 2002 EPS DOWN to $5.60 from $6; and 12-month price target DOWN to $60 from $70.

Trankaryotic Therapies

(TXTX)

: DOWN to neutral from outperform at Morgan Stanley.