Analyst Actions: Silicon Image, General Semiconductor, Circuit City, Waste Management - TheStreet

Silicon Image

(SIMG)

, a semiconductor developer, warned last night that its fourth-quarter revenue will fall 8% to 10% from the $14.5 million in revenue the company reported in the third quarter. That attracted the attention of

Credit Suisse First Boston

, which cut its fourth-quarter EPS view to nil from 1 cent and its 2001 EPS view to 1 cent from 7 cents.

Prudential Securities

downgraded the company to a hold from accumulate and cut its 2000 EPS to 5 cents from 6 cents and 2001 EPS to 2 cents from 7 cents.

CSFB also cut

General Semiconductor's

(SEM) - Get Report

fourth-quarter EPS view to 26 cents from 35 cents and its 2001 EPS view to $1.32 from $1.45.

Upgrades

El Paso Energy

( EPG): 12-month price target UP to $80 from $60 at

Lehman Brothers

; 2001 EPS estimate UP to $3.20 from $3.15 and 2002 EPS estimate to $4.

Downgrades

Biomet

( BMET): DOWN to accumulate from strong buy at Prudential and fourth-quarter EPS down to 33 cents from 34 cents. However, the firm raised Biomet's price target to $45 from $40.

Boston Scientific

(BSX) - Get Report

: 12-month price target DOWN to $18 from $20 at Prudential and 2001 EPS DOWN to $1.11 from $1.25.

Charles Schwab

( SCH): fourth-quarter EPS DOWN to 13 cents from 14 cents at Prudential and 2001 EPS DOWN to 70 cents from 74 cents.

Circuit City

(CC) - Get Report

: 12-month price target DOWN to $15 from $20 at Lehman; 2000 EPS estimate DOWN to 45 cents from 80 cents and 2001 EPS estimate DOWN to 60 cents from $1.10.

Delphi Automotive

( DPH): price target DOWN to $14 from $19 at Prudential.

Georgia Gulf

(GGC)

: 2000 EPS view DOWN to $2.05 from $2.35 at

Goldman Sachs

and 2001 EPS view to nil from $1.

Santa Fe International

( SDC): 2000 EPS view DOWN to 92 cents from 95 cents at

ABN Amro

; 2001 EPS view DOWN to $1.60 from $1.90.

Torchmark

(TMK)

: DOWN to hold from accumulate at Prudential.

Initiations

Exelixis

(EXEL) - Get Report

: NEW accumulate at Prudential; 12-month price target: $25.

John Hancock Financial Services

( JHF): NEW hold at Prudential.

Group Moves

Lehman Brothers started coverage on five environmental services companies:

  • Waste Management( WMI): NEW buy; price target: $32.
  • Allied Waste (AN) - Get Report: NEW outperform.
  • Republic Services (RSG) - Get Report: NEW outperform.
  • Waste Connections( WCNX): NEW buy; price target: $32.
  • Waste Industries (WWIN) : NEW market perform.