Analyst Actions: Motorola, Chiron, Applied Micro Circuits, Fox, General Motors, Advanced Micro Devices - TheStreet

Motorola

( 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

and Thursday,

Goldman Sachs

,

Deutsche Bank Alex. Brown

and

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.

Upgrades

Trigon Healthcare

(TGH) - Get Report

: UP at

ABN Amro

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.

Sierra Wireless

(SWIR) - Get Report

: 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.

Chiron

( CHIR): UP to outperform from neutral at

Salomon Smith Barney

.

American Express

(AXP) - Get Report

: 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.

Darden

(DRI) - Get Report

: UP to long-term buy from long-term accumulate at

Merrill Lynch

.

Applied Micro Circuits

(AMCC)

: 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

PaineWebber

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.

Downgrades

General Motors

(GM) - Get Report

: 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

(FOX) - Get Report

: DOWN at Goldman Sachs with 2001 earnings per share to 41 cents from 52 cents.

Advanced Micro Devices

(AMD) - Get Report

: DOWN at

Lehman Brothers

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

Prudential

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.

Initiations

Dobson Communications

(DCEL)

: NEW outperform at Salomon Smith Barney; price target: $28.

Inktomi

(INKT)

: NEW buy at

J.P. Morgan

; price target: $121.