Credit Suisse First Boston downgraded several energy and oil companies this morning. Analyst Philip Pace downgraded Swift Energy (SFY) - Get Report, Apache (APA) - Get Report and Noble Affiliates (NBL) - Get Report to buy from strong buy and Pogo Producing (PPP) and Vastar Resources (VRI) to hold from buy.


ADC Telecommunications

(ADCT) - Get Report

: price target UP to 75 at

WR Hambrecht


Idexx Laboratories

(IDXX) - Get Report

: price target UP to 30 from 20 at



Kana Communications


: UP to strong buy from buy at

ING Barings

; price target: 100.

Mandalay Resorts


: UP to attractive from neutral at

Bear Stearns

; price target: 28-30.



: UP to strong buy from buy at ING Barings; price target: 55.



(ENT) - Get Report

: DOWN to neutral from buy at

Lehman Brothers


Flowers Industries

(FLO) - Get Report

: DOWN to trading buy from recommended list at

Goldman Sachs


Four Seasons


: DOWN to hold from accumulate at Prudential.

National Computer


: DOWN to market perform from buy at

Donaldson Lufkin & Jenrette



(OI) - Get Report

: DOWN to hold from buy at CSFB.



(AFC) - Get Report

: NEW buy at Lehman Brothers; price target: 70.



: NEW outperform at

Morgan Stanley Dean Witter

; price target: 13.


(RNWK) - Get Report

: NEW buy at CSFB; price target: 57.

Group Moves

Bear Stearns analyst Jason Ader launched coverage of the online travel sector by placing buy ratings on two stocks:

  • Expedia (EXPE) - Get Report: price target: 26-27.
  • (TVLY) : price target: 34-35.

Lehman Brothers initiated coverage of several retailers with buy ratings:

  • Jones Apparel (JNY) : NEW buy; price target: 36.
  • Liz Clairborne (LIZ) : NEW buy; price target: 57.
  • Tommy Hilfiger (TOM) : NEW outperform; price target: 10.

Merrill Lynch reinstated coverage of several regional banks with near-term neutral ratings and long-term accumulate ratings:

  • Compass Bancshares (CBSS) .
  • First Virginia Banks (FVB) .
  • Huntington Valley Bancshares (HBAN) - Get Report.
  • National Commerce Bancorporation (NCBC) : with a long-term buy.