( MOT) got cut by a handful of analysts, adding insult to what has already been a rather injury-addled week. On Tuesday, along with the rest of the chips and after lowering earnings expectations, the company fell nearly $5. On Wednesday, it was downgraded by
Morgan Stanley Dean Witter
Deutsche Bank Alex. Brown
Banc of America
have joined the fray.
Goldman cut Motorola's 2000 estimate to 96 cents a share from $1.06. The estimate for 2001 was lowered to $1.20 from $1.43.
Banc of America and Deutsche Bank Alex. Brown both lowered the company to buy from strong buy. Banc of America also dropped its price target to $40 a share from $60 and lowered its 2000 estimate to 96 cents from $1.05 and its 2001 to $1.18 from $1.40.
: UP at
with a new 2000 estimate of $3.27 a share from $3.11 and a new 2001 estimate of $3.65 a share from $3.50.
: UP at
Credit Suisse First Boston
with a 2000 loss-per-share estimate to 17 cents from 27 cents; 2001 earnings per share to 41 cents from 38 cents; price target to $91 from $89.
( CHIR): UP to outperform from neutral at
Salomon Smith Barney
: UP at Goldman Sachs with 2000 earnings per share to $2.06 from $2.05 and 2001 earnings per share to $2.35 from $2.32.
: UP to long-term buy from long-term accumulate at
Applied Micro Circuits
: UP at Goldman Sachs with 2001 earnings per share to $1.07 from 97 cents and 2002 earnings per share to $1.44 from $1.27; UP at
with 2001 earnings per share to $1.06 from 97 cents, 2002 earnings per share to $1.62 from $1.44, price target to $230.
: DOWN at Credit Suisse First Boston with 2000 earnings-per-share estimate to $9.77 from $10.10; 2001 earnings-per-share estimate to $10.10 from $11.50; price target set at $75 from $80.
Fox Entertainment Group
: DOWN at Goldman Sachs with 2001 earnings per share to 41 cents from 52 cents.
Advanced Micro Devices
: DOWN at
with price target to $40 from $55; fourth-quarter earnings per share to 68 cents from 74 cents; 2001 earnings per share to $2.45 from $2.50. DOWN at
with price target to $25 from $30; fourth-quarter earnings per share to 65 cents from 73 cents; 2001 earnings per share to $2.30 from $2.65.
: NEW outperform at Salomon Smith Barney; price target: $28.
: NEW buy at
; price target: $121.