Upgrades

Digex

(DIGX)

: UP to strong buy from buy at

Deutsche Banc Alex. Brown

; 12-month price target: 114.

ExxonMobil

(XOM) - Get Report

: UP to buy from hold at

ABN Amro

.

Downgrades

Electronics for Imaging

(EFII) - Get Report

: DOWN to outperform from strong buy at

Morgan Stanley Dean Witter

.

Intermedia Communications

(ICIX)

: DOWN to hold from buy at

Credit Suisse First Boston

.

Pitney Bowes

(PBI) - Get Report

: DOWN to neutral from strong buy at Morgan Stanley.

Rite Aid

(RAD) - Get Report

: DOWN to under performance from market performance at

Donaldson Lufkin & Jenrette

.

Initiations

Charles River Laboratories

(CRL) - Get Report

: NEW buy at

Lehman Brothers

.

China Unicom

(CHU) - Get Report

: NEW strong buy at Morgan Stanley; price target: 32.25.

Efficient Networks

(EFNT)

: NEW buy at

UBS Warburg

.

Stilwell Financial

(SV)

: NEW outperformer at Morgan Stanley; price target: 57.

Tibco

(TIBX)

: NEW outperformer at Morgan Stanley; price target: 130.