Analyst Actions: Pepsi Bottling Group, UAL, Intel, Convergys, Boeing, Duke Energy - TheStreet

Analyst Actions: Pepsi Bottling Group, UAL, Intel, Convergys, Boeing, Duke Energy

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Banc of America

said it strongly recommends the near-term purchase of

Pepsi Bottling Group

(PBG)

and reiterated its $37 price target on the stock. The firm also maintained its strong buy rating and $25 price target on

Coca-Cola Enterprises

(CCE)

.

Meanwhile,

Credit Suisse First Boston

said it expects

Intel's

(INTC) - Get Report

"demand momentum" to continue "well into 2001."

Upgrades

Canadian Pacific

(CP) - Get Report

: UP to intermediate buy from accumulate at

Merrill Lynch

; price target UP to $37 from $35.

Convergys

(CVG)

: NAMED to Focus One list at Merrill Lynch; price target UP to $66 from $58.

Household International

(HI) - Get Report

: UP to buy from outperform.

Peco Energy

(PE) - Get Report

: UP to top pick from buy at

Donaldson Lufkin & Jenrette

.

Downgrades

Boeing

(BA) - Get Report

: DOWN to buy from strong buy at

Deutsche Banc Alex. Brown

.

Blackrock

(BLK) - Get Report

: DOWN to neutral from buy at

Lehman Brothers

.

Dollar Thrifty

(DTG)

: DOWN to market outperform from trading buy.

Litton Industries

(LIT) - Get Report

: UP to buy from strong buy at

Credit Suisse First Boston

.

Marriot International

(MAR) - Get Report

: DOWN to outperform from buy at

Salomon Smith Barney

.

MP3.com

(MPPP)

: DOWN to market performer from long-term attractive at

Robertson Stephens

.

NL Industries

(NL) - Get Report

: DOWN to neutral from outperform at

Morgan Stanley Dean Witter

.

Organic

(OGNC)

: DOWN from buy to market perform at Donaldson Lufkin & Jenrette; DOWN to market perform from market outperform at

Goldman Sachs

.

Providian

(PVN)

: DOWN to outperform from strong buy.

Sun Life

(SLC)

: DOWN to neutral from outperform at Salomon Smith Barney.

UAL

(UAL) - Get Report

: third-quarter EPS DOWN to 30 cents from $2.00 at Merrill Lynch; fiscal 2000 DOWN to $5.80 from $8.25 a share.

Initiations

Evolve

(EVLV)

: NEW buy at Credit Suisse First Boston.

Liberate Technologies

(LBRT) - Get Report

: NEW buy at Credit Suisse First Boston.

Group Moves

Donaldson Lufkin & Jenrette downgraded two energy stocks due to their recent price appreciation:

  • Duke Energy (DUK) - Get Report: DOWN to market perform from buy; fiscal 2001 EPS UP to $4.60 from $4.55 a share; price target UP to $83 from $72.
  • Constellation Energy Group (CEG) : DOWN to buy from top pick; price target UP to $48 to $49 from $44 to $45.