On the heels of

Viant's

(VIAN)

third-quarter profit warning, the Internet consulting firm was hit with a slew of downgrades.

Lehman Brothers

lowered its rating to neutral from buy.

SG Cowen

cut its recommendation to neutral from buy. Meantime,

Credit Suisse First Boston

maintained its buy rating on Viant, but cut its price target to $20 from $25.

In addition,

Donaldson Lufkin & Jenrette

lowered its rating on the entire Internet consulting sector to market performance from outperformance. DLJ lowered its price target on the following companies:

  • Diamond Technology (DTPI) : Price target DOWN to $100 from $120.
  • Scient (SCNT) : Price target DOWN to $48 from $112. Scient was also lowered to neutral from buy at SG Cowen.
  • MarchFirst (MRCH) : Price target DOWN to $41 from $54.
  • Breakaway Solutions (BWAY) - Get Report: Price target DOWN to $22 from $50.
  • Organic (OGNC) : Price target DOWN to $10 from $30.
  • IXL Enterprises (IIXL) : Price target DOWN to $20 from $44.
  • Xpedior (XPDR) : Price target DOWN to $15 from $28.

Other Downgrades

Nordstrom

(JWN) - Get Report

: DOWN to neutral from buy at

Merrill Lynch

.

Initiations

Versicor

(VERS)

: NEW buy at

Lehman Brothers

. 12-month price target: $27.