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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (19288)	3/14/2002 10:14:50 AM
From: John Pitera	Read Replies (2) \| Respond to of 23786

Anyone who says that the brokerage firms are not downgrading at least as much as they are upgrading has not been paying attention, imo. plenty of downgrades. Briefing has 6 upgrades and 19 downgrades today. Most days when I've looked at the numbers in the last few weeks, there have been more downgrades than upgrades. ----------------------------- 8:56AM Solly cuts estimates for drillers, downgrades Transocean & Diamond Offshore : Salomon Smith Barney cuts 2002-03 ests for drillers RIG, DO, NE, and GSF due to lower day rate and utilization assumptions; downgrades RIG and DO to NEUTRAL from Outperform on valuation and shaky fundamentals, yet raises NE's price target to $46 from $41 and reiterates Buy rating.