Electronic Data Systems

(EDS)

announced it

beat estimates last night and was duly rewarded for it this morning.

Credit Suisse First Boston

upgraded the stock to a strong buy from buy and raised the stock's 12-month price target to $78 from $73.

Lehman Brothers

upped the company's 12-month price target to $75 from $60.

Microsoft's

(MSFT) - Get Report

long-term rating was cut to accumulate from buy at

Merrill Lynch

.

Upgrades

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Floware

(FLRE)

: loss view NARROWED to loss of 16 cents from loss of 40 cents at CSFB.

MiniMed

(MNMD)

: UP to strong buy from accumulate at

Prudential Securities

.

PacifiCare Health

(PHSY)

: UP to strong buy from hold at Prudential; and 2001 EPS view UP to $2.65 from 94 cents.

SL Green Realty

(SLG) - Get Report

: UP to buy from outperform at

Salomon Smith Barney

; price target: UP to $33 from $28.

Downgrades

Aether Systems

(AETH)

: 12-month price target UP to $75 from $210 at Lehman. The firm also widened Aether's loss to $3.99 a share from $2.14 for 2001.

Robertson Stephens

cut the stock to long-term attractive from buy.

Liquid Audio

(LQID)

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

Parkway Properties

(PKY)

: DOWN to outperform from buy at Solly.

St. Jude Medical

(STJ)

: DOWN to buy from strong buy at Lehman.

Initiations

ConAgra

(CAG) - Get Report

: NEW market perform at

Deutsche Banc Alex. Brown

.

Fleming

(FLM) - Get Report

: NEW strong buy at Lehman.

Sara Lee

(SLE)

: NEW neutral at Solly.