After a strong earnings release yesterday, eBay's (ebay) - Get Report benefited from positive comments from analysts this morning. Goldman Sachs raised its earnings estimates on the company to 21 cents a share from 19 cents a share for 2000, and to 36 cents a share from 35 cents for 2001. Lehman Brothers maintained a buy on the company, and raised its 2000 earnings estimate to 22 cents a share from 19 cents a share. eBay is the only e-commerce company Lehman currently rates as a buy due to its "superior business model and impressive growth prospects."

Deutsche Banc Alex. Brown

downgraded

Honeywell

(HON) - Get Report

to market perform from buy after the announcement that the company is in merger discussions with

United Technologies

(UTX) - Get Report

.

Upgrades

SDL

(SDLI)

:

W.R. Hambrecht

raised fiscal 2000 earnings estimates to $1.47 from $1.36 and 2001 estimates to $2.57 from $2.00. The company reported earnings Thursday.

ABN Amro

raised estimates to $1.51 from $1.36 for 2000, and to $2.51 from $1.97 for 2001.

Credit Suisse First Boston

raised fourth-quarter estimates to 49 cents a share from 44 cents, and 2001 estimates to $2.50 from $2.

E*Trade

(EGRP)

: UP to strong buy from buy at

Chase Hambrecht & Quist

.

Baxter International

(BAX) - Get Report

: Goldman Sachs upped 2000 earnings per share estimates to $3.07 from $3.06, but lowered 2001 estimates to $3.40 from $3.52, and lowered its price target to $90 from $95.

Flextronics

(FLEX) - Get Report

: price target UP to $60 from $48 at CSFB; fiscal 2002 estimates to $1.27 from $1.22.

Global Marine

(GLM)

: UP to attractive from neutral at

PaineWebber

.

NetIQ

(NTIQ)

: price target UP to $104 from $73; fiscal 2001 earnings estimate to 72 cents a share from 47 cents; fiscal 2002 to 96 cents a share from 60 cents a share at CSFB.

Newport News Shipbuilding

(NNS)

: price target UP to $52 from $43 at CSFB; raised 2000 earnings per share estimate to $2.70 from $2.64; 2001 estimates to $3 from $2.92.

Scientific-Atlanta

(SFA)

: UP to buy from hold at Credit Suisse First Boston.

Downgrades

UAL

(UAL) - Get Report

: DOWN to neutral from attractive at PaineWebber.

Gillette

(G) - Get Report

: DOWN to hold from strong buy at

UBS Warburg

after the company dumped its CEO.

Initiations

BEA Systems

(BEAS)

: NEW buy at PaineWebber; price target: $100.