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Deutsche Banc Alex. Brown initiated coverage of About.com (BOUT) with a strong buy rating.

Deutsche Banc Alex. Brown downgraded

America Online

(AOL)

to buy from strong buy.

Credit Suisse First Boston reinstated coverage of

Amtel

(ATML)

with a buy rating and a price target of 50.

Goldman Sachs initiated coverage of

BP Amoco

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on its European recommended list.

Warburg Dillon Read

sliced its rating in

Dell

(DELL)

to hold from buy.

Credit Suisse First Boston

reinstated coverage of

Efficient Networks

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with a buy rating and a price target of 130.

Warburg Dillon Read

upped its rating on

Elan

(ELN)

to buy from hold.

Warburg Dillon Read rolled out coverage of

Fogdog

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with a buy rating and set a price target of 23.

Warburg Dillon Read initiated coverage of

Orthodontic Centers

(OCA)

with a strong buy rating.

Salomon Smith Barney

upgraded

Pepsico

(PEP)

to buy from outperform.

J.P. Morgan

started coverage of

Red Hat

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with a long buy rating.

Goldman Sachs

rolled out coverage of

Total Fina

(TOT)

on its recommended list.

Salomon Smith Barney upgraded

Willamette Industries

(WLL)

to outperform from neutral.