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National Semiconductor (NSM) was downgraded this morning to outperform from strong buy and its price target was slashed to $55 from $110 at Morgan Stanley Dean Witter. J.P. Morgan also downgraded the stock to market performer from buy.

Upgrades

PeopleSoft

(PSFT)

: UP to buy from hold at

Credit Suisse First Boston

.

Sanmina

(SANM) - Get Sanmina-SCI Corporation Report

: UP to market outperformer from market performer at

Goldman Sachs

; Price target UP to $171 from $150 at CSFB.

Downgrades

Bed Bath & Beyond

(BBBY) - Get Bed Bath & Beyond Inc. Report

: DOWN to outperform from buy at

TheStreet Recommends

Lehman Brothers

.

Comerica

(CMA) - Get Comerica Incorporated Report

: DOWN to outperform from strong buy at Morgan Stanley Dean Witter.

marchFIRST

( MRCH): DOWN to neutral from buy at

Merrill Lynch

.

Initiations

About.com

(BOUT) - Get Innovator IBD Breakout Opportunities ETF Report

: REINSTATED buy at CSFB; price target: $70.

Advanced Micro Devices

(AMD) - Get Advanced Micro Devices, Inc. Report

: NEW attractive at

PaineWebber

; price target: $27.

Credence Systems

( CMOS): NEW market outperformer at Goldman Sachs.

Curagen

( CRGN): NEW outperform at Lehman; price target: $62.

Elastic Networks

( ELAS): NEW buy at

Robertson Stephens

.

Genomica

( GNOM): NEW strong buy at Prudential; price target: $26.

GoTo.com

(GOTO)

: REINSTATED buy at CSFB; price target: $25.

Microsoft

(MSFT) - Get Microsoft Corporation (MSFT) Report

: NEW outperform at Salomon Smith Barney; price target: $70.

Power Technology

( PRTN): NEW buy at Salomon Smith Barney; price target: $30.

Scholastic

(SCHL) - Get Scholastic Corporation Report

: NEW outperform at Salomon Smith Barney; price target: $88.

Southern Energy

( SOE): NEW strong buy at Morgan Stanley Dean Witter; price target: $44.

Ticketmaster-Online Citysearch

( TMCS): REINSTATED buy at CSFB; price target: $35.

UTStarcom

(UTSI) - Get UTStarcom Holdings Corp. Report

: NEW strong buy at Credit Suisse First Boston.

Wilson Greatbatch

(GB)

: NEW near-term accumulate/long-term buy at Merrill Lynch.