Heute Downgradewelle

Upgrades
Unternehmen - Symbol - Analyst - Neues Rating - Altes Rating

Bank One ONE US Bancorp Neutral Sell
Brocade BRCD Baird Mkt Outperfor Mkt Perform
Capital One Fincl COF Prudential Buy Hold
Caterpillar CAT Deutsche Banc Strong Buy Buy
Charles Schwab SCH Bear Stearns Buy Attractive
Compass Bancshares CBSS Merrill N-T Accumulat N-T Neutral
Direct Focus DFXI CIBC Strong Buy Buy
E.Piphany EPNY HC Wainwright Buy Accumulate
Emulex EMLX Baird Strong Buy Mkt Outperform
Intel INTC Merrill Accumulate Neutral
Intel INTC Morgan Stanley Outperform Neutral
Johnson & Johnson JNJ Merrill I-T Buy I-T Accumulate
Kilroy Realty KRC Prudential Buy Hold
McData MCDT Baird Strong Buy Mkt Outperform
Paradyne Networks PDYN Dain Rauscher Buy-Aggressiv Neutral
Plantronics PLT Merrill L-T Buy Accumulate
QLogic QLGC Baird Strong Buy Mkt Outperform
Stanley Furniture STLY Wachovia Buy Mkt Perform

Downgrades
Unternehmen - Symbol - Analyst - Neues Rating - Altes Rating

Alcoa Inc. AA ABN AMRO Hold Add
Allstate ALL Williams Capital Hold Buy
AOL AOL Merrill Lynch I-T Neutral I-T Buy
Broadwing BRW Dain Rauscher Buy-Speculati Strong Buy
Broadwing BRW Morgan Stanley Neutral Outperform
Broadwing BRW Wachovia Securities Mkt Perform Strong Buy
C.H. Robinson CHRW Deutsche Banc Buy Strong Buy
Canada Life CLU Griffiths McBurney Accumulate Focus Buy
Cdn Pacific Railway CP Scotia Hold Buy
China Unicom CHU Merrill I-T Accumulat I-T Buy
Compass Bancshares CBSS Credit Suisse Hold Buy
Comtech Telecom CMTL Stifel Nicolaus Accumulate Buy
Cryolife CRY Stephens Neutral Outperform
Darden DRI Robertson Stephens Mkt Perform Buy
DeVry DV Barrington Research Hold L-T Buy
Devry DV Banc Of America Mkt Perform Buy
DeVry DV Deutsche Banc Mkt Perform Buy
DeVry DV Gerard Klauer Neutral Outperform
Digital Lightwave DIGL SunTrust Neutral Outperform
I2 Tech ITWO Baird Mkt Perform Mkt Outperform
Interactive Intellig ININ Stifel Nicolaus Hold Buy
Investment Technolog ITG Bear Stearns Attractive Buy
Investment Technolog ITG CIBC Hold Buy
Mercury Interactive MERQ Merrill Accumulate Buy
Nationwide Health NHP UBS Warburg Hold Buy
PeopleSoft PSFT Morgan Stanley Outperform Strong Buy
Pixelworks PXLW S.G. Cowen Buy Strong Buy
Pogo Producing PPP Dresdner Kleinwort Hold Add
Pope & Talbot POP Raymond James Buy Strong Buy
Prentiss Ppties PP Prudential Hold Buy
Rambus RMBS J.P. Morgan L-T Mkt Under L-T Buy
Rambus RMBS Morgan Stanley Neutral-Volat Outperf-Volatile
RF Micro RFMD Merrill I-T Accumulat I-T Buy
Shaw Commun SJR Goldman Sachs Mkt Perform Mkt Outperform
Sun Life Fincl SLC Griffiths McBurney Accumulate Buy
Suncor Energy SU Scotia Buy Strong Buy
Swift Transportation SWFT Morgan Stanley Neutral Outperform
Telephone & Data TDS Merrill I-T Neutral I-T Accumulate
Transmeta TMTA Morgan Stanley Neutral-Volat Outperf-Volatile
United Technologies UTX Morgan Stanley Outperform Strong Buy

Initiations
Unternehmen - Symbol - Analyst - Neues Rating

Agere Systems AGRA Thomas Weisel Market Perform
AnnTaylor Stores ANN ABN AMRO Hold
Autodesk ADSK Dain Rauscher Buy-Average
Ballard Power Sys BLDP Dresdner Kleinwort Add
British Pete BP FAC Equities Sell
Centra Software CTRA Raymond James Market Perform
ChevronTexaco CHV FAC Equities Sell
ExxonMobil XOM FAC Equities Underperform
Fording FDG BMO Market Perform
FuelCell Energy FCEL Dresdner Kleinwort Buy
Gap Inc. GPS ABN AMRO Buy
Granite Construction GVA DA Davidson Neutral
Hewlett-Packard HWP Needham Hold
Medtronic MDT Wedbush Morgan Buy
Parametric Technolog PMTC Credit Suisse Buy
Playboy Enterp PLAA Arnhold & S Bleichr Neutral
Plug Power PLUG Dresdner Kleinwort Hold
Research In Motion RIMM SWS Securities Buy
Royal Dutch Pete RD FAC Equities Underperform
Salem Commun SALM Jefferies Accumulate
Talbots TLB ABN AMRO Add
TranSwitch TXCC Thomas Weisel Market Perform
UbiquiTel UPCS UBS Warburg Buy

Upgrades 18
Downgrades 40
Initiations 23