Analyst Actions: RHI, KM, GPU, SANM, GADZ - TheStreet

This morning, Kmart's (KM) second-quarter earnings estimates were slashed to 23 cents from 26 cents at Merrill Lynch; its fiscal 2000 earnings estimates were lowered to $1.19 a share from $1.20 and its fiscal 2001 earnings estimates were cut to $1.40 from $1.43.

Upgrades

GPU

(GPU)

: UP to outperform from hold at

ABN Amro

.

Samina

(SANM) - Get Report

: fiscal 2000 EPS UP to $1.36 from $1.38 a share at

Merrill Lynch

.

Downgrades

Dana

(DCN)

: second-quarter EPS DOWN to $1.04 a share from $1.14 at

Lehman Brothers

.

Gadzooks

(GADZ)

: DOWN to market performer from buy at

Banc of America

.

Progressive

(PGR) - Get Report

: DOWN to buy from strong buy at

Credit Suisse First Boston

Initiations

chinadot.com

(CHINA)

: NEW intermediates accumulate, long-term buy rating.

Dianon

(DIAN)

: NEW buy at

UBS Warburg

; price target of 32.

Group Moves

Deutsche Banc Alex. Brown

initiated coverage of eight staffing companies:

  • AHL Services (AHLS) as a buy; price target: 15.
  • Charles River Associates (CRAI) - Get Report as a buy; price target: 30.
  • Corporate Executive Board (EXBD) as a strong buy; price target: 70.
  • Interim Services (IS) as a strong buy; price target: 30.
  • Manpower (MAN) - Get Report as a strong buy; price target: 42.
  • NCO Group (NCOG) as a strong buy; price target: 60.
  • On Assignment (ASGN) - Get Report as a market perform; price target: 28.
  • Robert Half (RHI) - Get Report as a strong buy; price target: 75.

UBS Warburg upgraded three oil and gas companies:

    Louis Dreyfus (LD) - Get Report: UP to buy from hold at UBS Warburg.
  • Newfield (NFX) : UP to buy from hold at UBS Warburg.
  • Forest Oil (FST) : UP to buy from hold.

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