In the made-for-TV movie during the 1980s, The Day After, things didn't look too good in Kansas City after someone decided to drop an atomic bomb on it.
this morning, well, let's just say that the fallout from
last night's earnings disappointment might not be a nuclear winter, but it's not looking too good for the stock this morning. Cisco was downgraded this morning to buy from strong buy at
and its target was cut to $36 from $45,
Salomon Smith Barney
cut its price target to $65 from $80,
Credit Suisse First Boston
cut its rating to buy from strong buy and lowered its price target to $45 from $60,
cut its rating to buy from strong buy and its price target to $47 from $55,
lowered its rating to attractive from buy and
cut its price target on the stock to $42 from $50.
: UP to strong buy from hold at CS First Boston; price target of $42.
Pacificare Health Systems
: Price target UP to $45 from $35 at Lehman.
: UP to outperform from neutral at Salomon Smith Barney.
: UP to buy from attractive at Robertson Stephens.
: DOWN to neutral from buy at Salomon Smith Barney.
Apartment Investment & Management
: intermediate-term rating DOWN to neutral from accumulate at
: price target DOWN to $125 from $200 at
: DOWN to neutral from buy at W.R. Hambrecht.
: intermediate-term rating DOWN to neutral from accumulate at Merrill Lynch.
: DOWN to outperform from buy at Salomon Smith Barney.
: price target DOWN to $11 from $13 at Lehman.
: price target DOWN to $40 from $60 at CSFB.
: NEW intermediate-term accumulate at Merrill Lynch; price target: $33.
: NEW buy at CSFB.
: NEW buy at Salomon Smith Barney; price target: $65.