It has not been a good morning for MedQuist (MEDQ) . The company, which provides electronic transcription and document management services to the healthcare industry was downgraded to buy from strong buy at Credit Suisse First Boston, to market perform from top pick at Donaldson Lufkin & Jenrette, to market performer from U.S. buy list at Goldman Sachs and to neutral from buy at Merrill Lynch.

Upgrades

BJ Services

(BJS)

: UP to strong buy from buy at

Banc of America

.

Diamond Offshore

(DO) - Get Report

: UP to strong buy from market perform at

Deutsche Banc Alex. Brown

.

eBookers

(EBKR)

: UP to intermediate-term accumulate at Merrill Lynch.

Hercules

(HPC)

: UP to trading buy from market outperform at Goldman Sachs.

Pulte

(PHM) - Get Report

: UP to buy from hold at CSFB.

Downgrades

BindView Development

(BVEW)

: DOWN to hold from buy at

CIBC Oppenheimer

.

Calico Commerce

(CLIC)

: DOWN to market outperform from trading buy at Goldman Sachs.

Gillette

(G) - Get Report

: DOWN to hold from strong buy at

Prudential

.

GoTo.com

(GOTO)

: price target DOWN to 80 from 160 at DLJ.

Keycorp

(KEY) - Get Report

: DOWN to neutral from outperform at

Morgan Stanley Dean Witter

.

Pfizer

(PFE) - Get Report

: DOWN to market perform from strong buy at DB Alex. Brown.

priceline.com

(PCLN)

: DOWN to hold from strong buy at Prudential.

Warnaco

(WAC)

: DOWN to neutral from outperform at Morgan Stanley Dean Witter.

Xerox

(XRX) - Get Report

: DOWN to hold from buy at CSFB.

Initiations

Dendrite

(DRTE)

: NEW accumulate at Prudential.

First Health

(FHCC)

: NEW market outperform at Goldman Sachs.

Genuity

(GENU)

: NEW buy at CSFB; price target: 18.

Hughes Electronics

(GMH)

: NEW buy at Lehman Brothers; price target: 44.

Marvell Technology

(MRVL) - Get Report

: NEW outperform at Lehman.

Precise Software

(PRSE)

: NEW intermediate-term accumulate and long-term buy at Merrill Lynch; price target: 40.

Silicon Image

(SIMG)

: NEW buy at Lehman.

StorageNetworks

(STOR) - Get Report

: NEW buy at CSFB; price target: 165; NEW market outperform at Goldman Sachs.

Virage

(VRGE)

: NEW buy at CSFB; price target: 35.