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The Investors Centre - Upgrades / Downgrades
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Report date: May 17, 2001
  Canadian Focus (Go to US Focus)
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May Upgrades / Downgrades

Insiders Report

TSE Shorts

Earnings
Move
Name
Previous
Recommendation
Target
Who
No change 724 Solutions (SVN:TSE) (reiterated) Buy n/a Credit Suisse First Boston
Downgrade Alcan (AL:TSE) Strong buy Buy U $52.50 Scotia Capital
Upgrade ATI Techonologies (ATY:TSE) Market perform Buy C $13 Sprott Securities
No change Centrinity (CTI:TSE) (maintained) Strong buy C $14.80 Canaccord Capital
No change ---------- (maintained) Accumulate C $8 Griffiths McBurney
No change Power Financial (PWF:TSE) (reiterated) Buy C $39 Scotia Capital
No change Toronto Dominion Bank (TD:TSE) (reiterated) Strong buy C $60 Scotia Capital
| Upgrade - Upgraded | Downgrade - Downgraded | No change - No change | Not available - Info not available | Initiated- Initiated |
| C - Canadian Dollar | U - U.S. Dollar |

  US Focus (Go to Canadian Focus)

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Move
Name
Previous
Recommendation
Target
Who
No change Avon Products (AVP) (reiterated) Buy n/a UBS Warburg
No change Citigroup (C) (reiterated) Strong buy n/a UBS Warburg
No change Hewlett Packard (HWP) (reiterated) Hold U $35 Dresdner Kleinwort Wass.
No change ----------------- (reiterated) Neutral n/a Morgan Stanley Dean Witter
No change ----------------- (reiterated) Hold n/a Prudential
No change Krispy Kreme (KKD) (reiterated) Near term reduce n/a Merrill Lynch
No change Liz Claiborne (LIZ) (reiterated) Hold U $47 Dresdner Kleinwort Wass.
No change -------------- (reiterated) Near/long term outperformer n/a Gruntal & Co.
No change Procter & Gamble (PG) (reiterated) Strong buy n/a UBS Warburg
No change Safeway (SWY) (reiterated) Near/long term buy n/a Merrill Lynch
No change Target Corp. (TGT) (reiterated) Near/long term hold n/a Ladenburg Thalmann
No change The Gap (GPS) (reiterated) Recommended list n/a Goldman Sachs
 
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