One day after Mattel (MAT) - Get Report got a new CEO, it also got a new and improved rating from Merrill Lynch. This morning, the firm upgraded Mattel's medium-term rating to accumulate from neutral and its long-term rating to buy from accumulate.

Upgrades

Baker Hughes

(BHI)

: price target UP to 50 from 40 at

Prudential

.

Dress Barn

(DBRN)

: UP to attractive from neutral at

Bear Stearns

; price target: 27.

Intimate Brands

(IBI)

: price target UP to 50 from 47 at

Credit Suisse First Boston

.

M.A. Hanna

(MAH)

: intermediate-term rating UP to accumulate from neutral at Merrill Lynch.

Sysco

(SYY) - Get Report

: long-term rating UP to buy from attractive at Merrill Lynch; price target: 49.

Vishay

(VSH) - Get Report

: price target UP to 125 from 120 at

Donaldson Lufkin & Jenrette

.

Yankee Candle

(YCC)

: price target UP to 29 from 23 at Prudential.

Downgrades

American Eagle Outfitters

(AEOS)

: price target DOWN to 35 from 44 at

US Bancorp

.

Equant

(ENT) - Get Report

: DOWN to neutral from accumulate at

Merrill Lynch

, and to outperform from strong buy at

Morgan Stanley Dean Witter

.

Inacom

(ICO)

: DOWN to sell from hold at Credit Suisse First Boston.

MGM Grand

(MGG)

: DOWN to neutral from buy at

Salomon Smith Barney

.

Schlumberger

(SLB) - Get Report

: DOWN to outperform from strong buy at Morgan Stanley Dean Witter.

Smith International

(SII)

: DOWN to outperform from strong buy at Morgan Stanley.

Source Media

(SRCM)

: price target DOWN to 14 from 16 at Prudential.

Initiations

Vornado Realty

(VNO) - Get Report

: NEW buy at Lehman Brothers; price target: 42.

Group Moves

PaineWebber

upgraded two regional airlines and initiated coverage on another:

  • Atlantic Coast Airlines (ACAI) : to attractive from neutral.
  • Mesa Air (MESA) - Get Report: to buy from neutral.
  • Mesaba (MAIR) : NEW neutral.