The Investors Centre - The Buck Starts Here

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The Investors Centre - Upgrades / Downgrades
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Report date: May 9, 2001
Canadian Focus (Go to US Focus)

Other Reports:

May Upgrades / Downgrades

Insiders Report

TSE Shorts

Earnings

Move

Name
Previous

Recommendation

Target

Who

Anderson Exploration (AXL:TSE) (maintained) Strong buy C $47 Scotia Capital

Celestica (CLS:TSE) Maintain position Buy U $73 AG Edwards

Descartes Systems (DSG:TSE) (reiterated) Strong buy n/a Credit Suisse First Boston

| - Upgraded | - Downgraded | - No change | - Info not available | - Initiated |
| C - Canadian Dollar | U - U.S. Dollar |

US Focus (Go to Canadian Focus)

Move	Name	Previous	Recommendation	Target	Who
	AOL Time Warner (AOL)	(reiterated)	Buy	n/a	Bear Stearns
	Bally Fitness (BFT)	(reiterated)	Strong buy	n/a	CIBC World Markets
	Cisco Systems (CSCO)	Buy	Market perform	n/a	First Union Securities
	----------------	(reiterated)	Underperform	n/a	Lazard Freres
	----------------	(reiterated)	Hold	n/a	CIBC World Markets
	----------------	(reiterated)	Buy	n/a	Gerard Klauer Mattison
	----------------	(reiterated)	Neutral	n/a	FAC/Equity First Albany
	----------------	(reiterated)	Buy	n/a	Salomon Smith Barney
	Coca-Cola (KO)	(initiated)	Market perform	n/a	Banc of America Securities
	---------------	(reiterated)	Market outperform	n/a	Goldman Sachs
	JP Morgan Chase (JPM)	(reiterated)	Buy	n/a	Salomon Smith Barney
	------------------	(reiterated)	Add	n/a	ABN AMRO
	Microsoft (MSFT)	(reiterated)	Buy	n/a	Tucker Anthony Sutro
	PepsiCo (PEP)	(initiated)	Buy	U $52	Banc of America Securities
	PMC-Sierra (PMCS)	(reiterated)	Near term neutral	n/a	Merrill Lynch
	The Gap (GPS)	Neutral	Outperform	U $34	Gerard Klauer Mattison