Publish date:

Analyst Actions: Hewlett-Packard, PRI Automation, Catalina Marketing, Knight Trading

Author:

Bear Stearns

said

Hewlett-Packard

(HWP)

could be under pressure in the near term and maintained the stock as a buy.

PRI Automation's

(PRIA)

2001 EPS estimate was cut to $1.15 from $2.20 at

Credit Suisse First Boston

. Last night, the company said its fourth-quarter results would come in below analyst estimates.

Upgrades

Catalina Marketing

(POS)

: price target: UP to $50 from $43 at Donaldson Lufkin & Jenrette.

Precise Software

(PRSE)

: UP to intermediate-term buy from accumulate at

Merrill Lynch

.

TheStreet Recommends

Solectron

(SLR)

: price target UP to $60 at CSFB.

Downgrades

Knight Trading

(NITE)

: DOWN to buy from strong buy at

CIBC World Markets

; price target DOWN to $40 from $60.

Initiations

Check Point Software

(CHKP) - Get Report

: NEW accumulate at Merrill; price target: $175.

Physiometrix

(PHYX)

: NEW buy at CIBC.

Group Moves

Bear Stearns initiated coverage of these Internet companies: