Credit Suisse First Boston raised its price target on ADC Telecommunications (ADCT) - Get Report to 60.

Deutsche Banc Alex. Brown

downgraded

Aether Systems

(AETH)

to market perform from buy.

PaineWebber

upgraded

Biogen's

(BGEN)

price target to 145 from 105.

Morgan Stanley Dean Witter

upgraded

Brocade

(BRCD)

to strong buy from outperform.

Merrill Lynch

upgraded

Burlington Resources

(BR) - Get Report

to near-term buy from accumulate.

Credit Suisse First Boston upgraded

Cnet

(CNET) - Get Report

to strong buy and established a 100 price target.

Warburg Dillon Read

downgraded

Forest Oil

(FST)

to hold from strong buy.

Merrill Lynch cut

IXL

(IIXL)

to near-term and long-term accumulate from buy.

Warburg upgraded

Laboratory

(LH) - Get Report

to strong buy from buy.

Deutche Banc Alex. Brown upgraded

Lennar

(LEN) - Get Report

to buy from market perform.

Morgan Stanley raised its price target on

Philips Electronics

(PHG) - Get Report

to 200 euros from 180 euros. Yesterday Philips said 1999 income from continuing operations was a record 1.804 billion euros, compared to 541 million euros in the year-ago period. Philips said that its "trend of improving annual earnings should continue." First Boston raised its earnings estimates for 2000 and 2001 on Philips.

Goldman Sachs

raised its earnings estimate for 2000.

US Bancorp Piper Jaffray

downgraded

Provant

(POVT)

to buy from strong buy.

Prudential

upgraded

Qualcomm

(QCOM) - Get Report

to strong buy from accumulate.

Lehman Brothers

upgraded

Sipex

(SIPX)

to buy from outperform and upped its target price to 40 from 20.

Morgan Stanley downgraded

Synopsys

(SNPS) - Get Report

to neutral from strong buy. Lehman slashed the company's price target to 56 from 67.

Lehman initiated coverage of

Therma-Wave

(TWAV)

as a buy.

Warburg initiated coverage of

Washington Mutual

(WM) - Get Report

with a buy rating.

Merrill Lynch upgraded

Young & Rubicam

(YNR)

to near-term buy from accumulate.