Market Wrap-up for Wednesday, January 24, 2001 Posted Wednesday, January 24, 2001,
INDICES:
[DJIA] Closed down 2.84 to 10646.97, a loss of 0.02%
[Nasdaq] Closed up 18.76 to 2859.15, a gain of 0.66%
[S&P] Closed up 3.90 to 1364.97, a gain of 0.28%
[30-Year Bond] Closed up 0.30% to 5.66%
MOVERS:
Largest Point Gainers: (CTLM)+11 11/16, (FMN)+10 7/16, (NUAN)+10 11/32, (SPWX)+10 1/8, (CDWC)+8 11/16, (COHR)+8 5/16
Largest % Gainers: (NASC)+67.6%, (AMES)+58.2%, (SNA)+57.6%, (CLN)+55.0%, (VDAT)+50.0%, (LSPN)+49.0%
SHAKERS:
Largest Point Losers: (AVNX)-16 1/8, (QLGC)-15 3/16, (NTAP)-12 3/16, (ANEN)-8 13/16, (BRCM)-8 ½, (VSTR)-8 1/16
Largest % Losers: (NWKC)-28.6%, (APRN)-26.3%, (EDGW)-25.2%, (TIVO)-22.6%, (CLZR)-22.3%, (IMAX)-20.0%
IPO’s: none
SPLITS:
-Companies trading on a split adjusted basis today-none
-Companies trading on a split adjusted basis Thursday-none
UPGRADES:
A.G. Edwards Upgrades Compaq To Accumulate, $28 Target (CPQ)
A.G. Edwards Upgrades Compaq; Prefers Over Dell (CPQ)
Auerbach Pollak Ups New Era Of Networks To Hold >NEON
BB&T Ups Werner Enterprises To Strong Buy, New $26 Goal (WERN)
Bear Stearns Hikes Amdocs Target $13 To $87, Keeps Buy (DOX)
CIBC Hikes Dupont Photomasks Target To $98 From $72 (DPMI)
CIBC Lifts Microsemi Goal To $75 From $57, Keeps Strong Buy (MSCC)
CIBC Upgrades AirTran To Strong Buy From Buy (AAI)
CIBC Upgrades AirTran To Strong Buy, Has $12 Target (AAI)
CIBC Upgrades PRI Automation To Strong Buy, $60 Target (PRIA)
CS First Boston Upgrades Hormel Foods To Buy From Hold (HRL)
CS First Boston Upgrades Hormel To Buy On Merger (HRL)
CSFB Raises Broadcom FY 2001 EPS To $1.55 From $1.35 (BRCM)
CSFB Ups DuPont Photomasks Target $5 To $100, Keeps Buy (DPMI)
First Union Lifts Merill Lynch Target To $90 From $80 (MER)
Gruntal Ups Cypress Semi I-T/L-T Goals $3 Each To $35/$45 (CY)
J.P. Morgan Upgrades OrthoLogic To Buy From L-T Buy (OLGC)
Kaufman Brothers Ups Broadcom To Accumulate From Hold (BRCM)
Kaufman Upgrades Broadcom To Accumulate, Target To $150 (BRCM)
Lehman Upgrades Compaq To Buy From Market Perform (CPQ)
Lehman Upgrades Integrated Circuit To Buy, Sets $25 Target (ICST)
Merrill Hikes Marine Drilling Goal To $45, Keeps At 'Buy' (MRL)
Merrill Hikes Photronics Target $8 To $43, Reits Buy (PLAB)
Merrill Upgrades Bristol-Myers To I-T Buy From Accum. (BMY)
Merrill Upgrades Franklin Resources To I-T Buy From Accum (BEN)
Morgan Stanley Hikes Abercrombie Target To $35 From $20 (ANF)
Morgan Stanley Hikes DuPont Photomasks Goal $5 To $95 (DPMI)
Morgan Stanley Hikes Gap Inc. Target To $35 From $26 (GPS)
Morgan Stanley Hikes TJX Cos. Target To $35 From $28 (TJX)
Morgan Stanley Raises First Data Target To $67 From $52 (FDC)
Prudential Hikes Merrill Target To $90, Keeps At Accum. (MER)
Prudential Lifts Digital River To Strong Buy From Accum. (DRIV)
Prudential Upgrades Digital River To Strong Buy (DRIV)
Prudential Ups Compuware Goal $5 To $20, Reits Strong Buy (CPWR)
Salomon Hikes Amdocs Target $12 To $92, Keeps At Buy (DOX)
SG Cowen Upgrades Merck To Strong Buy From Buy (MRK)
USB Ups Direct Focus Goal $3 To $35, Not Cuts (DFXI)
DOWNGRADES:
A.G. Edwards Downs UnionBanCal To Maintain From Accumulate (UB)
A.G. Edwards Lowers Ralston Purina To Reduce From Maintain (RAL)
BB&T Downgrades IMCO Recycling To Hold From L-T Buy (IMR)
Bear Stearns Clips SCI Systems Target To $41, Keeps Buy (SCI)
CIBC Downgrades SCI Systems To Hold From Buy On Weak 2Q (SCI)
CIBC Downgrades Station Casinos To Buy, Goal Cut To $15 (STN)
CIBC Downs American Superconductor To Hold From Buy (AMSC)
CS First Boston Clips Broadcom Target To $175 From $300 (BRCM)
CS First Boston Cuts Virage Goal To $15 From $35, Keeps Buy (VRGE)
CS First Boston Downgrades Cadence Design To Hold (CDN)
CS First Boston Downgrades Cadence Design To Hold From Buy (CDN)
CS First Boston Downgrades Viad To Buy From Strong Buy (VVI)
CS First Boston Lowers Corn Products To Hold From Buy (CPO)
CS First Boston Lowers Merrill Lynch To Buy From Strong Buy (MER)
CSFB Clips C-Cube Microsys Target $10 To $20, Keeps Buy (CUBE)
CSFB Cuts Cypress Semi Goal To $34 From $45, Keeps Buy (CY)
CSFB Drops Evolve Software Target To $18, Keeps Buy (EVLV)
Dain Rauscher Lowers InterNAP To Buy, Reduces Goal To $15 (INAP)
FBR Downgrades CoorsTek To Accumulate From Buy (CRTK)
FBR Downgrades Home Properties Of NY To Accumulate (HME)
FBR Downgrades Wells Fargo To Accumulate, $57 Goal (WFC)
FBR Lowers People's Bank To Accumulate From Buy On Price (PBCT)
First Union Lowers SCI Systems To Buy, $39 Price Goal (SCI)
Friedman Billings Downgrades Charter One To Accum. On Price (CF)
Friedman Billings Lowers National City To Market Perform (NCC)
Goldman Sachs Cuts Network Appliance To Mkt Outperformer (NTAP)
Gruntal Clips LSI Logic L-T Target To $42 From $50 (LSI)
HSBC Securities Cuts Nortel Target To US$55 >NT
J.P. Morgan Downgrades VoiceStream To Market Performer (VSTR)
Ladenburg Downgrades Audiovox To NT Hold, LT Buy (VOXX)
Lehman Cuts Station Casinos Target $2 To $16, Keeps Buy (STN)
Lehman Downgrades USA Education To Buy, Lifts Target To $65 (SLM)
Lehman Lowers Home Depot 2001 EPS To $1.25 From $1.30 (HD)
Merrill Clips Robert Half Target To $32, Keeps I-T Accum. (RHI)
Merrill Downgrades Charter One To L-T Accum. From Buy (CF)
Merrill Downgrades Flextronics To I-T Accum. From Buy (FLEX)
Merrill Downgrades Kimco Realty To I-T Accum. From Buy (KIM)
Merrill Downgrades SCI Systems To I-T Accum. From Buy (SCI)
Merrill Lowers RealNetworks To I-T Neutral From Accumulate (RNWK)
Prudential Clips LSI Logic Target $15 To $30, Reits Accum. (LSI)
Salomon Cuts Johnson & Johnson To Outperform From Buy (JNJ)
Salomon Downgrades Johnson & Johnson, Hikes Goal To $108 (JNJ)
SG Cowen Downgrades SCI Systems To Neutral From Buy (SCI)
Stephens Downgrades Cohesion Tech To Neutral From Buy (CSON)
Thomas Weisel Downgrades SCI Systems To Market Perform (SCI)
UBS Warburg Cuts Powerwave Target To $31 From $51 (PWAV)
UBS Warburg Lowers Avanex Target To $100 From $145 (AVNX)
USB Clips Direct Focus Goal $3 To $32, Reits Strong Buy (DFXI)
USB Piper Clips Delano Tech Target $16 To $13, Keeps Buy (DTEC)
WR Hambrecht Changes Netopia Rating To 'Arbitrage Negative' (NTPA)
WR Hambrecht Lowers CheckFree To Buy From Strong Buy (CKFR)
COVERAGE INITIATED:
Bear Stearns Initiates Trimeris At Buy, $77 Target (TRMS)
CS First Boston Initiates Beckman Coulter At Buy (BEC)
CS First Boston Starts Beckman Coulter, Cubist Pharma At Buy (BEC)
CS First Boston Starts Cubist Pharmaceuticals At Buy (CBST)
Southwest Initiates Perficient At Buy, $12 Target (PRFT)
COVERAGE REITERATED/REINSTATED:
CIBC Maintains Merck At Buy, $90 Price Target (MRK)
CIBC Views Merck Price Weakness As Buying Opportunity (MRK)
CS First Boston Maintains Compaq Computer At Hold (CPQ)
CS First Boston Maintains Dell At Buy, $32 Target (DELL)
Merrill Reiterates Compaq At I-T/L-T Accumulate (CPQ)
Pacific Crest Keeps InterNAP Network Svcs. At Strong Buy (INAP)
Pru Keeps Coca-Cola Enterprises At Strong Buy/$28 Goal (CCE)
Prudential Keeps Compaq At Strong Buy, $30 Target (CPQ)
Prudential Reiterates Beyond.com At Sell (BYND)
Southwest Reiterates Chronimed At Buy, $14 Target (CHMD)
Southwest Reits 1-800-Flowers 'Buy' Rating, $14 Target (FLWS)
Sutro & Co. Reiterates Advent Software At Buy (ADVS)
Thomas Weisel Maintains Siebel Systems At Strong Buy (SEBL)
Thomas Weisel Restarts Vina Technologies At Buy (VINA)
USB Piper Reiterates Powerwave At Buy, $50 Target (PWAV)
USB Piper's Kumar Keeps Compaq At Buy, $30 Target (CPQ)
WR Hambrecht Maintains Broadcom At Buy, $200 Target (BRCM)
ECONOMIC DATA:
-Today- no major news expected today
Inktomi (INKT) Posted Wednesday, January 24, 2001, at: 15:16 PM
Rumors have circulated that Inktomi is in talks with BEAS Systems Inc. An Inktomi spokeswoman called the rumor "inaccurate."
Oracle (ORCL) Posted Wednesday, January 24, 2001, at: Negative rumors have put pressure on ORCL. The talk is that the company will issue an earnings warning or that UBS Warburg will cut their numbers. The analyst, Andrew Roskill at UBS Warburg, came out and said that was all "scuttlebutt." |
