Credit Suisse First Boston
cut its rating on
to buy from strong buy.
CSFB analyst Heath P. Terry said the 17% rise in eBay's shares following the announcement of its positive revenue forecasts of $3 billion in 2005 was overdone, and that the upside in eBay's shares was limited. The research note also said revenue objectives may underestimate potential growth at the company's recently acquired
, an online trader the company bought in July, and opportunities in international markets.
Terry set a 12-month price target of $90, a 17.6% premium over the company's current share price. Also, he set its 2000 EPS projection at 15 cents a share and its 2001 EPS projection at 32 cents.
: UP to attractive from unrated at
Corn Products International
( CPO): UP to buy from hold at CSFB.
: UP to outperform from neutral at
Morgan Stanley Dean Witter
: UP to buy from market perform at
Donaldson Lufkin & Jenrette
( QSFT): NEW near-term accumulate and long-term buy at
; 12- to 18-month price target: $72.
Renal Care Group
: DOWN to outperform from strong buy at Morgan Stanley.
( USIT): DOWN to outperform from buy at
; and price target DOWN to $7 a share from $15.
: NEW strong buy at
Deutsche Banc Alex. Brown
: NEW buy at Lehman Brothers; price target: $60.
: NEW buy at Lehman Brothers.