Analyst Actions: Morgan Stanley Ups Citigroup; Lehman Raises 3Com
Morgan Stanley Dean Witter upgraded Citigroup (C) - Get Report to strong buy from outperform after the company announced that co-Chairman and co-CEO John Reed will retire April 18. Sandy Weill, the other co-chief, will be sole chairman and CEO after Reed steps down.
Credit Suisse First Boston
analyst Cynthia Motz initiated coverage of
Alamosa PCS
(APCS)
with a buy rating.
SG Cowen
downgraded
Conexant
(CNXT) - Get Report
to buy from strong buy. The firm left its 2000 estimate unchanged but dropped its 2001 view to $1.03 a share from $1.08.
Donaldson Lufkin & Jenrette
added
Digex
(DIGX)
to the firm's focus list.
Merrill Lynch
initiated coverage of
Dobson Communications
(DCEL)
with an intermediate-term accumulate rating and a long-term buy rating.
CSFB analyst Wendell Laidley upgraded
Informatica
(INFA)
to strong buy from buy.
CSFB analyst James Kelly reinstated coverage of
King Pharmaceuticals
(KING)
with a buy rating.
J.P. Morgan
initiated coverage of
Maxim Pharmaceuticals
(MMP) - Get Report
at buy.
Merrill Lynch
downgraded
Sara Lee
(SLE)
to near-term accumulate from buy.
CSFB analyst Gregory Cappelli initiated coverage of
SkillSoft
(SKIL)
with a strong buy rating.
CSFB analyst Marc Cabi initiated coverage of
Telaxis Communications
(TLXS)
with a buy rating.
Lehman Brothers
upgraded
3Com
(COMS)
to outperform from neutral as the networker gets ready for this week's spinoff of its
Palm
(PALM)
unit.
