Market Wrap-up for Friday, January 12, 2001 Posted Friday, January 12, 2001,
INDICES:
[DJIA] Closed down 84.17 to 10525.38, a loss of 0.79%
[Nasdaq] Closed down 14.10 to 2626.47, a loss of 0.53%
[S&P] Closed down 8.27 to 1318.55, a loss of 0.62%
[30-Year Bond] Closed up 1.35% to 5.63%
MOVERS:
Largest Point Gainers: (MYGN)+8 3/16, (BRCM)+7 7/16, (EMBT)+7 1/16, (NUAN)+6 11/16, (TALX)+6 ½, (CEPH)+5 13/16
Largest % Gainers: (XLA)+69.6%, (NOPT)+64.1% (TSYS)+57.5%, (CLYK)+55.9%, (CRIO)+47.4%, (MED)+45.5%
SHAKERS:
Largest Point Losers: (LH)-12 11/16, (SIPX)-11 9/32, (CLSR)-10 ¾, (ARBA)-8 3/16, (GKSRA)-7 ½, (ALGX)-7
Largest % Losers: (SIPX)-46.6%, (CLSR)-37.4%, (GKSRA)-25.4%, (NETM)-23.4%, (KFY)-20.9%, (LOOK)-19.2%
IPO’s: none
SPLITS:
-Companies trading on a split adjusted basis today-
(FRX) Forest Laboratories, Inc, 2 to 1
(GMCR) Green Mountain Coffee, Inc, 2 to 1
-Companies trading on a split adjusted basis Tuesday-
(DFXI) Direct Focus, Inc, 3 to 2
QUIET PERIOD EXPIRATIONS:
There are no companies coming out of their quiet periods today or for the next few weeks. Until there are future IPOs, this section will be deleted.
UPGRADES:
A.G. Edwards Upgrades Johnson Controls To Accum, $71 Goal (JCI)
Barrington Ups America Online To Strong Buy (AOL)
Deutsche Banc Upgrades Emmis Comm. To Buy, $38 Target (EMMS)
Deutsche Banc Upgrades Entercom To Strong Buy From Buy (ETM)
Deutsche Banc Upgrades Radio One To Strong Buy From Buy (ROIA)
First Union Ups Ackerley Target $2 To $17, Keeps Strong Buy (AK)
Goldman Ups '01 EPS View On Tyco international to $2.75 from $2.70 (TYC)
Merrill Ups Federated Investors To I-T Buy From Neutral (FII)
Prudential Lifts Jabil To Strong Buy from Accumulate, Names Single Best Idea (JBL)
Prudential Names Jabil Circuit Single Best Idea (JBL)
Salomon Hikes Ecolab Target By $5 To $50, Keeps At Buy (ECL)
Sutro Hikes UCBH Holdings Target To $55, Keeps At Buy (UCBH)
Thomas Weisel Upgrades Jabil To Strong Buy From Buy (JBL)
Wedbush Ups UCBH Hldgs Goal $6 To $52, Reits Strong Buy (UCBH)
DOWNGRADES:
ABN Amro Downgrades Ariba To Outperform From Buy (ARBA)
Adams Harkness Cuts Sipex To Mkt Perform From Strong Buy (SIP)
Alex Brown Cuts Ariba To Buy From Strong Buy (ARBA)
Barrington Cuts Entercom To Hold From Long-Term Buy (ETM)
Barrington Cuts Hearst-Argyle To Hold From Long-Term Buy (HTV)
Bear Stearns cut Hewlett-Packard FY01 EPS view to $1.60 from $1.80 (HWP)
CIBC Clips Ariba Target By $81 To $75, Keeps Strong Buy (ARBA)
CS First Boston Cuts Hewlett-Packard Goal By $10 To $25 (HWP)
CSFB cut Hewlett-Packard FY01 EPS view to $1.65 from $1.75 (HWP)
CS First Boston Lowers Lexmark, Fears Downward Guidance (LXK)
CS First Boston Reduces MIPS Tech. Goal By $10 To $55 (MIPS)
CSFB Lowers Viasource Goal By $5 To $15, Keeps At Buy (VVVV)
Deutsche Banc Downgrades Ariba To Buy From Strong Buy (ARBA)
FBR Downgrades Ariba To Accumulate From Buy (ARBA)
First Union Clips Cree Inc. Goal By $32 To $46, Keeps Buy (CREE)
First Union Cuts Allegiance Telecom To Buy From Strong Buy (ALGX)
First Union Cuts Allegiance Telecom To Buy On Price (ALGX)
Goldman Downgrades CSX Corp. To Market Perform (CSX)
Goldman Downgrades Railroad Group To Market Underweight (BNI)
Goldman Drops Burlington Northern To Market Perform (BNI)
Goldman Lowers Canadian Nat'l Railway To Market Perform (CNI)
Goldman Lowers Norfolk Southern To Market Perform (NSC)
Goldman Sachs Downgrades Gold Sector To Market Underweight
Goldman Sachs Downs Union Pacific To Market Perform (UNP)
H&R Block FA Cuts Gibraltar Steel To Neutral From Accum
Josephthal Downgrades Motorola To Hold From Buy (MOT)
Lehman Brothers Downgrades Guidant To Neutral (GDT)
Merrill Lowers Cabot Micro To I-T Accumulate From Buy (CCMP)
Morgan Stanley Clips EchoStar Target To $52 From $64 (DISH)
Morgan Stanley Cuts G&K Services To Underperform (GKSRA)
Morgan Stanley Downgrades Catalina Marketing To Neutral (POS)
Morgan Stanley Lowers Commerce Bancshares To Neutral (CBSH)
Robbie Stephens Lowers Closure Medical To L-T Attractive (CLSR)
Stephens Cuts Closure Medical To Outperform From Buy (CLSR)
Robbi Stephens cut Dell FH01 EPS view to $0.87 from $0.89 (DELL)
Ryan Beck Cuts Ariba To Buy From Strong Buy (ARBA)
Salomon Clips Comdisco Target $10 To $25, Keeps At Buy (CDO)
Salomon Cuts Ariba Goal By $26 To $48, Keeps At Neutral (ARBA)
Salomon Cuts Hewlett-Packard Goal $8 To $32, Keeps Neutral (HWP)
Salomon Downgrades Hercules To Outperform From Buy (HPC)
Salomon Downgrades NCR Corp. To Outperform From Buy (NCR)
Salomon Downgrades Rohm & Haas To Outperform From Buy (ROH, HPC)
Salomon Downgrades Sun Micro To Neutral From Buy (SUNW)
Salomon cut Hewlett-Packard price target to $32 from $40 (HWP)
Sanders Morris Cuts Shaw Group To Hold From Buy (SGR)
SG Cowen Chops Redback Networks Goal To $85 From $185 (RBAK)
SG Cowen Clips Flextronics Target To $40 From $60 (FLEX)
SG Cowen Clips Jabil Circuit Target To $34 From $60 (JBL)
SG Cowen Clips Nortel Price Target To $50 From $65 (NT)
SG Cowen Cuts Benchmark Electronics Goal To $35 From $64 (BHE)
SG Cowen Downgrades Ariba To Buy From Strong Buy (ARBA)
SG Cowen Downs Hewlett-Packard To Buy, Cuts Goal To $40 (HWP)
SG Cowen Halves ACT Manufacturing Target To $30 From $60 (ACTM)
SG Cowen Reduces Sanmina Target To $40 From $66 (SANM)
SG Cowen Reduces Solectron Target To $44 From $60 (SLR)
SG Cowen Slices Lucent Target To $19 From $37 (LU)
SG Cowen Trims Juniper Networks Target To $175 From $260 (JNPR)
Thomas Weisel Lowers MIPS Tech. To Market Perform From Buy (MIPS)
Titan's SureBeam Lowers IPO Price Range To $10-$12/Share (TTN)
UBS Warburg Lowers Korn/Ferry To Hold From Strong Buy (KFY)
US Bancorp Cuts CNET Networks To Neutral From Buy (CNET)
USB Piper Cuts Mind CTI Target By $16 To $10, Reits Buy (MNDO)
USB Piper Downgrades CNet To Neutral From Buy (CNET)
USB Piper Downgrades G&K Services To Neutral, $22 Goal (GKSRA)
Warburg Cuts Heidrick & Struggles To Buy From Strong Buy (HSII)
Wasserstein Perella Cuts Ariba To Hold From Buy (ARBA)
Wit SoundView Lowers Applied Materials 2001 Estimates (AMAT)
WF Van Kasper Cuts Lam Research To Hold From Buy (LRCX)
WF Van Kasper Cuts MKS Instruments To Hold (MKS)I
Yorkton Securities Cuts AimGlobal To Hold From Buy (AGT)
COVERAGE INITIATED:
A.G. Edwards Initiates Delphi Auto At Accumulate, $15 Goal (DPH)
A.G. Edwards Initiates Eaton Vance At Buy, $35 Target (EV)
A.G. Edwards Initiates Visteon At Accumulate, $17 Target (VC)
A.G. Edwards Starts Lear Corp. At Accumulate, $43 Target (LEA)
AG Edwards Starts Delphi Auto With Accumulate Rating (DPH)
Banc Of America Starts MDU Resources At Strong Buy (MDU)
BB&T Starts Heartland Express At Strong Buy, $34 Goal (HTLD)
CS First Boston Initiates Salton At Buy, $25 Target (SFP)
CS First Boston Starts Helen Of Troy At Hold, $7 Goal (HELE)
CS First Boston Starts K2 Inc. At Hold, $10 Objective (KTO)
CS First Boston Starts Water Pik At Buy, $10 Goal (PIK)
CSFB Initiates Peregrine Systems At Strong Buy, $50 Goal (PRGN)
CSFB Starts Jakks Pacific At Strong Buy, $13 Goal (JAKK)
Dain Rauscher Initiates DoubleClick At Buy, $20 Target (DCLK)
Ferris Baker Watts Starts Ansoft At Strong Buy (ANST)
Global Capital Started JDS Uniphase At Buy Thu (JDSU)
Merrill Starts Jefferson Smurfit At I-T/L-T Buy, $35 Goal (JS)
Prudential Initiates Fiserv At Accumulate, $57 Target (FISV)
Prudential Initiates Vignette At Hold, $13 Target (VIGN)
Robertson Stephens Initiates FuelCell Energy At Buy (FCEL)
Salomon Initiates Cirrus Logic At Outperform, $33 Target (CRUS)
Scotia Capital Starts MDC Corp. At Buy, C$15 Tgt (MDCA)
Thomas Weisel Initiates New Focus At Market Perform (NUFO)
Thomas Weisel Initiates Oplink At Buy, $21 Target (OPLK)
UBS Warburg Initiates Centura Banks At Buy, $50 Target (CBC)
COVERAGE REITERATED/REINSTATED:
BB&T Reiterates Primus Telecom At Strong Buy, $25 Goal (PRTL)
BB&T Reiterates Net2000 Comm. At Strong Buy, $22 Goal (NTKK)
BB&T Reiterates Titan Corp. At Strong Buy, $45 Target (TTN)
A.G. Edwards Reiterates DoubleClick At Buy, $25 Target (DCLK)
CIBC Keeps Closure Medical At Hold, Says 'Avoid The Stock'(CLSR)
Dain Rauscher Reiterates Sirius At Strong Buy, $70 Target (SIRI)
Kaufman Bros. Restarts Startec At Buy, $12 N-T Target (STGC)
Lehman Brothers Reiterates Microsoft At Buy (MSFT)
Merrill Keeps Hewlett-Packard At I-T Neutral, L-T Buy (HWP)
Merrill Maintains Ford At I-T Accumulate, L-T Buy (F)
Merrill Reiterates Ariba At I-T/L-T Buy, $55 Target (ARBA)
Merrill Sees Ford As Best Positioned Among Big Three (F)
Pacific Crest Calls Getty Images Stock Decline 'Overblown' (GETY)
Prudential Reits TWX At Strong Buy,'Single Best Idea' Pick (TWX)
Prudential Reiterates Lowes Cos. At Strong Buy, $60 Goal (LOW)
Salomon Maintains Playtex At Outperform, $13 Target (PYX)
Southwest Reiterates Magnum Hunter At Buy, $15 Target (MHR)
Thomas Weisel Maintains Ariba At Strong Buy (ARBA)
Wedbush Morgan Reiterates Ariba At Buy, $100 Target (ARBA)
Wedbush Morgan Reiterates Pumatech At Buy, $17 Target (PUMA)
WR Hambrecht Maintains Quintiles 'Neutral' Rating (QTRN) |
