Analyst Actions: Pfizer, King Pharma, Affiliated Computer, Handspring

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Donaldson Lufkin & Jenrette said that Pfizer (PFE) - Get Report would replace King Pharma (KG) on its Growth & Focus list, while Allergan (AGN) - Get Report will replace Psinet (PSIX) on the list.

Upgrades

Affiliated Computer

(ACS)

: UP to recommended list from purchase list at

Goldman Sachs

.

Canadian National Railroad

(CNI) - Get Report

: UP to market performer from buy at Donaldson Lufkin & Jenrette.

VerticalNet

(VERT)

: UP to recommended list from purchase list at Goldman Sachs.

Downgrades

Energen

(EGN)

: DOWN to attractive from buy at

PaineWebber

.

Public Service Enterprise

(PEG) - Get Report

: DOWN to outperform from buy at

ABN Amro

.

Initiations

Anadarko Petroleum

(APC) - Get Report

: NEW strong buy at

Credit Suisse First Boston

.

Handspring

(HAND)

: NEW buy at Donaldson Lufkin & Jenrette, price target 55; NEW buy at Credit Suisse First Boston.

National Financial Services

(NFS)

: NEW outperform at

Lehman Brothers

; price target 49.

Group Moves

Lehman Brothers upgraded several health management companies:

  • Health Management (HMA) : UP to buy from neutral.
  • Humana (HUM) - Get Report: UP to outperform from neutral; price target UP to 9.50 from 8.
  • Wellpoint Health (WLP) : UP to buy from outperform; price target UP to 95 from 90.