Analyst Actions: Kerr-McGee, Philips Petroleum, MascoTech, CacheFlow

Kerr-McGee

(KMD)

: UP to strong buy from buy at

Credit Suisse First Boston

.

Upgrades

Phillips Petroleum

(P)

: UP to intermediate accumulate, long-term buy from neutral, accumulate at

Merrill Lynch

.

Downgrades

MascoTech

(MSX)

: DOWN to hold from strong buy at

Scroll to Continue

TheStreet Recommends

JIM CRAMER

AAPLTSLAUAL

Cramer's Mad Money Recap 5/17: Apple, Tesla, Disney

4 hours ago

TECHNOLOGY

TSLA

Elon Musk Has an Alarming Diagnosis on the Economy and Biden

3 hours ago

INVESTING

NFLX

Fresh Netflix Layoffs Hit as Company Struggles to Regain Footing

4 hours ago

ING Barings

.

Initiations

CacheFlow

(CFLO)

: NEW attractive at Bear Stearns; price target: 72.

Community Health Systems

(CYH) - Get Community Health Systems, Inc. Report

: NEW intermediate, long-term buy at Merrill Lynch; price target: 20.

Group Moves

Schroder Salomon Smith Barney

lowered its rating on the U.S. semiconductor sector to outperform from neutral, with several stock included in the downgrade:

Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report
Silicon Storage (SSTI) - Get ShotSpotter, Inc. Report
Texas Instruments (TXN) - Get Texas Instruments Incorporated Report

Merrill Lynch rolled out coverage of stocks in the several semiconductor capital equipment industry:

Electro Scientific Industries (ESIO) - Get Electro Scientific Industries, Inc. Report: NEW intermediate, long-term buy; price target of 62
Metron Tech (MTCH) - Get Match Group, Inc. Report: NEW intermediate, long-term buy; price target of 22
Therma-Wave (TWAV) : NEW intermediate, long-term buy; price target of 40
GaSonics International (GSNX) : NEW intermediate accumulate, long-term buy; price target of 50
Photon Dynamics (PHTN) : NEW intermediate accumulate, long-term buy; price target of 80