J.P. Morgan upgraded AK Steel (AKS) - Get Report to buy from market perform.

U.S. Bancorp Piper Jaffray

initiated coverage of

Buy.com

(BUYX)

as a strong buy with a price target of 30.

J.P. Morgan upgraded

Caterpillar

(CAT) - Get Report

to buy from market perform.

U.S. Bancorp Piper Jaffray raised

Dell's

(DELL) - Get Report

price target to 65 from 55.

Lehman Brothers

upgraded financial services company

Franklin Resources

(BEN) - Get Report

to buy from outperform.

J.P. Morgan upgraded

Ingersoll-Rand

(IR) - Get Report

to buy from market perform.

Lehman downgraded railroad company

Kansas City Southern

(KSU) - Get Report

to outperform from buy.

Lehman upped

KLA-Tencor's

(KLAC) - Get Report

price target to 110 from 70.

Lehman initiated coverage on

Network Peripherals

(NPIX)

, a manufacturer of ethernet and gigabit ethernet switching products, as a buy with a 90 price target.

Goldman Sachs

initiated coverage of

Organic

(OGNC)

as a market outperformer.

J.P. Morgan upped the rating of

Parker Hannifin

(PH) - Get Report

to buy from market perform.

Credit Suisse First Boston

analyst Charlie Glavin upped chipmaker

PMC-Sierra's

(PMCS)

price target to 250.

CSFB analyst James Parmalee raised

Scientific-Atlanta's

(SFA)

fiscal third-quarter earnings estimate to 41 cents per share from 40 cents and fourth-quarter estimates to 46 cents a share from 44 cents. The firm also raised estimates for fiscal 2001 to $1.80 from $1.75.

Bear Stearns

analyst Robert Fagin initiated coverage of

Vicinity

(VCNT)

, an Internet-based marketing firm, with a buy rating and a 12-18 month price target of $80.