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The Investors Centre - Upgrades/Downgrades
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Report date: April 23, 2001
  Canadian Focus (Go to US Focus)
LEGEND

Upgrade - Upgraded
Downgrade - Downgraded
No change - No change
Not available - Info not available
Initiated- Initiated
C - Canadian Dollar
U - U.S. Dollar

Other Reports:

April Upgrades / Downgrades

Insiders Report

TSE Top Short Positions Update

Earnings Report
Move
Name
Previous
Recommendation
Target
Who
No change 724 Solutions (SVN:TSE) (reiterated) Buy n/a Credit Suisse First Boston
Downgrade Canadian National Railway (CNR:TSE) Buy Outperform U $44 Salomon Smith Barney
Upgrade Canadian Pacific (CP:TSE) Buy Strong buy C $76 Scotia Capital
Downgrade --------------- Outperform Neutral n/a Salomon Smith Barney
No change Canfor Corp (CFP:TSE) (maintained) Buy C $16.50 Scotia Capital
No change Nortel Networks (NT:TSE) (maintained) Hold C $30 Scotia Capital

  US Focus (Go to Canadian Focus)

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Move
Name
Previous
Recommendation
Target
Who
Upgrade Amazon.com (AMZN) Market perform Buy n/a Deutsche Banc Alex Brown
No change AOL Time Warner (AOL) (reiterated) Buy U $60 Bear Stearns
No change Boeing (BA) (reiterated) Buy U $85 Dresdner Kleinwort Wass.
No change DaimlerChrysler (DCX) (reiterated) Hold n/a Dresdner Kleinwort Wass.
Upgrade Delta Air Lines (DAL) Hold Buy n/a Credit Suisse First Boston
Downgrade Intel (INTC) Near term accumulate Near term neutral n/a Merrill Lynch
Upgrade Nokia (NOK) Buy Strong buy n/a Deutsche Banc Alex Brown
No change ------------ (reiterated) Strong buy U $45 Wit SoundView
No change ------------ (reiterated) Buy n/a UBS Warburg
Downgrade Orcale Corp (ORCL) Strong buy Buy n/a Lehman Brothers
Upgrade PepsiCo (PEP) Market perform Buy n/a Deutsche Banc Alex Brown
Downgrade PMC Sierra (PMCS) Near term accumulate Near term neutral n/a Merrill Lynch
No change Sun Microsystems (SUNW) (reiterated) Neutral n/a Morgan Stanley Dean Witter
Upgrade The Gap (GPS) Hold Buy U $35 Credit Suisse First Boston
No change --------- (reiterated) Recommended list n/a Goldman Sachs
 
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