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The Investors Centre - Upgrades / Downgrades
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Report date: May 22, 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
Upgrade Agrium Inc. (AGU:TSE) Near term accumulate Near term buy n/a Merrill Lynch
Downgrade Alcan Inc. (AL:TSE) Strong buy Buy U $52.50 Scotia Capital
Initiated BellAir Energy (BEC:TSE) (initiated) Buy U $23 Canaccord Capital
Upgrade CAE (CAE:TSE) Market perform Long term buy C $27 Canaccord Capital
Initiated Cognos (CSN:TSE) (initiated) Market perform U $23 Goldman Sachs
No change Future Shop (FSS:TSE) (reiterated) Strong buy C $15 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 AOL Time Warner (AOL) (reiterated) Market perform n/a Tucker Anthony Sutro
No change Ford Motor (F) (reiterated) Add U $33 Dresdner Kleinwort Wass.
No change IBM (IBM) (reiterated) Strong buy n/a Buckingham Research
Initiated InfoSpace (INSP) (initiated) Neutral n/a Morgan Stanley
Downgrade Symantec (SYMC) Strong buy Market perform n/a WF Van Kasper
No change Pfizer (PFE) (reiterated) Near/long term outperformer n/a Gruntal & Co.
Initiated Pier 1 Imports (PIR) (initiated) Buy n/a Ferris Baker Watts
No change Reebok International (RBK) (reiterated) Buy n/a Lehman Brothers
No change ----------------- (reiterated) Buy n/a UBS Warburg
No change ----------------- (reiterated) Strong buy n/a Banc of America Sec.
Downgrade Toys R Us (TOY) Buy Accumulate n/a Jefferies & Co.
Downgrade Walt Disney (DIS) Strong buy Buy n/a UBS Warburg
 
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