Analyst Actions: Lexmark, Connectics, Northwest Airlines, Affymetrix - TheStreet

After yesterday's closing bell,

Lexmark

(LXK)

warned that its third- and fourth-quarter earnings would be lower than expected, sparking a slew of analyst actions this morning.

Bear Stearns

downgraded the stock to neutral from attractive, while

Credit Suisse First Boston

cut its third-quarter EPS estimate to 45 cents from 60 cents, and

Lehman Brothers

cut its 2000 EPS outlook to $2.27 from $2.60 and 2001 EPS outlook to $2.65 from $3.

Upgrades

Charles River Laboratories

(CRL) - Get Report

: 12-month price target UP to $45 from $37 at Lehman.

Connectics

(CNCT)

: UP to $48 from $31 at Lehman.

Downgrades

Dollar General

(DG) - Get Report

: CUT from

Goldman Sachs' U.S. Recommended for Purchase List

.

Media General

(MEGA)

: DOWN to market perform from buy at

Donaldson Lufkin & Jenrette

.

Northwest Airlines

( NWAC): 2000 EPS estimate DOWN to $3 from $3.20 at DLJ.

Initiations

Affymetrix

(AFFX)

: NEW neutral at

Salomon Smith Barney

.

JDS Uniphase

(JDSU)

: NEW outperform at Lehman.

Group Moves

CSFB started coverage on four clothing retailers:

  • Buckle (BKE) - Get Report: NEW buy.
  • Charlotte Russe( CHIC): NEW buy; 12-month price target: $16.
  • Gadzooks( GADZ): NEW buy; 12-month price target: $25.
  • Hot Topic( HOTT): NEW buy; 12-month price target: $40.