Analyst Actions: Net2Phone, Jabil, Biogen, Nextel Communications - TheStreet

Analyst Actions: Net2Phone, Jabil, Biogen, Nextel Communications

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Publish date:

Bear Stearns

said it stamped

Net2Phone

(NTOP)

with an attractive rating and recommended that clients buy the shares on weakness.

Upgrades

Darden

(DRI) - Get Report

: UP to buy from outperform at

Lehman Brothers

; fiscal 2001 to $1.58 a share from $1.54 at

Donaldson Lufkin & Jenrette

.

Jabil Circuit

(JBL) - Get Report

: price target UP to $70 from $55 at

Credit Suisse First Boston

.

PurchasePro.com

(PPRO)

: UP to buy from outperform at Lehman; price target to $120 from $70.

Time Warner

(TWX)

: price target UP to $110 at CSFB.

Vitesse Semiconductor

(VTSS)

: price target UP to $110 at CSFB; fiscal 2000 EPS UP to 66 cents from 65 cents; fiscal 2001 EPS UP to $1.01 a share from 97 cents.

Downgrades

Biogen

(BGEN)

: fiscal 2000 EPS DOWN to $1.70 from $1.80 at

Merrill Lynch

; fiscal 2001 EPS DOWN to $2.10 from $2.00.

Federal-Mogul

(FMO) - Get Report

: fiscal 2000 EPS DOWN to $1.55 from $2.64 share; fiscal 2001 EPS DOWN to $1.45 a share to $3.00 at DLJ.

Progress Software

(PRGS) - Get Report

: fiscal 2000 EPS DOWN to 84 cents from 97 cents a share; fiscal 2001 DOWN to $1.90 from $2.45 a share at DLJ.

Spartech

(SEH)

: price target DOWN to $30 from $38 at CSFB.

Initiations

Intersil

(ISIL)

: NEW strong buy; price target: $80 at CSFB.

Nextel Communications

(NXTL)

: NEW buy at

W.R. Hambrecht

; price target: $100.

Group Moves

Bear Stearns rolled out coverage of retailers:

Donaldson Lufkin & Jenrette lowered its estimates on two airlines:

  • US Airways (U) - Get Report: fiscal 2000 EPS DOWN to 60 cents from $1.00; fiscal 2001 EPS DOWN to $1.90 from $2.35.
  • America West (AWA) : fiscal 2000 EPS DOWN to $1.25 from $1.60.