Analyst Actions: Merrill Launches Coverage on eBay, Lehman Downgrades Visx

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Deutsche Banc Alex. Brown initiated coverage of Accredo Health (ACDO) -- a provider of specialized contract pharmacy and related services pursuant to agreements with biotech manufacturers -- with a buy rating and a 30 price target.

SG Cowen

rolled out coverage of

Advanced Paradigm

(ADVP)

with a buy rating and set a price target of 28.

Credit Suisse First Boston

boosted software and programming manufacturer

Bea Systems'

(BEAS)

raised its fiscal 2001 earnings target to 33 cents from 31 cents and price target to 170 from a split-adjusted 76.

Donaldson Lufkin & Jenrette

downgraded

Consolidated Papers

(CDP)

to market perform from buy.

Merrill Lynch

launched coverage of online auctioneer

eBay

(EBAY) - Get Report

with a buy rating.

SG Cowen initiated coverage of

Express Scripts

(ESRX)

with a buy rating and a 50 price target.

Merrill upgraded

Kyocera

(KYO)

-- a global producer of high-tech solutions in the fields of electronics, telecommunications, metal processing, automotive components and optics -- near-term rating to buy from accumulate.

SG Cowen

initiated coverage of Internet advertiser

L90

(LNTY)

as a strong buy with a near-term price target of 37.

Credit Suisse First Boston

raised its earnings estimates on

National Discount Brokers

(NDB)

. The firm upped its fourth-quarter EPS to 16 cents a share from 12 cents and raised its fiscal 2000 estimate to 58 cents share from 43 cents, while taking its fiscal 2001 estimate to $1.14 a share from 97 cents.

CSFB upped software manufacturer

Portal's

(PRSF)

earnings estimate and raised its price target on the shares to 80.

Lehman Brothers

lowered its price target for

Summit Technology

(BEAM)

-- a manufacturer of laser systems and related products to correct vision disorders -- to 18 from 25.

Merrill reinstated coverage of

Time Warner

(TWX)

with a near- and long-term buy rating.

Lehman Brothers downgraded

Visx

(VISX)

-- another manufacturer of vision-improving laser technology -- to neutral from buy.

ING Barings

upped its rating on

Unilever

(UL) - Get Report

-- a manufacturer of foods, detergents and other personal products -- to buy from hold.