Exodus Communications

(EXDS)

, a manager of company Web sites, was down 2.8% in early trading after

J.P. Morgan Chase

began coverage with a long-term buy rating and a 12-month target of $14.

Morgan also began coverage of

StorageNetworks

(STOR) - Get Report

at market performer with a target of $13. The data storage management company was down 9.9%.

In addition, Morgan initiated coverage of content delivery company

Akamai Technologies

(AKAM) - Get Report

at market performer and

Universal Access

(UAXS)

, a network infrastructure provider, at long-term buy. Akamai was down 2% and Universal was up 2.9%.