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The Investors Centre - Upgrades/Downgrades Upgrade Upgrade Downgrade Downgrade No change No change Initiated Initiated Not available Not available
Report date: March 16, 2001 Check out all the Upgrades/Downgrades for March

Move
Name
Previous
Recommendation
Target
Who
Downgrade
Bombardier Inc. (BBD.B:TSE) Strong buy Buy C $24 Scotia Capital
No change
Royal Group Technologies Ltd. (RYG:TSE) (maintained) Buy C $35 Scotia Capital
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US Focus
Move
Name
Previous
Recommendation
Target
Who
Upgrade
Adobe Systems (ADBE) Hold Buy n/a Credit Suisse First Boston
No change
--------------- (reiterated) Strong buy US $45 Prudential Securities
No change
--------------- (reiterated) Buy n/a W.R. Hambrecht
No change
--------------- (reiterated) Buy n/a Robertson Stephens
No change
--------------- (reiterated) Near/long term buy n/a Merrill Lynch
No change
Charles Schwab (SCH) (reiterated) Buy n/a JP Morgan
No change
---------------- (reiterated) Market perform n/a First Union Securities
Downgrade
Compaq (CPQ) Strong buy Buy n/a CE Unterberg Towbin
No change
eBay (EBAY) (reiterated) Recommended list n/a Goldman Sachs
Upgrade
Goldman Sachs (GS) Near term neutral Near term accumulate n/a Merrill Lynch
Initiated
Intel (INTC) (initiated) Buy US $50 Thomas Weisel
Initiated
Johnson & Johnson (JNJ) (initiated) Strong buy US $122 Prudential Securities
No change
Lehman Brothers (LEH) (reiterated) Near term accumulate/long term buy n/a Merrill Lynch
Initiated
McDonald's (MCD) (initiated) Market perform n/a Banc of America Securities
Initiated
McGraw-Hill (MHP) (initiated) Strong buy US $74 Prudential Securities
No change
Morgan Stanley Dean Witter (MWD) (reiterated) Near/long term buy n/a Merrill Lynch
Downgrade
Oracle Corp (ORCL) Strong buy Buy n/a WF Van Kasper
Downgrade
----------- Buy Hold n/a CIBC World Markets
Downgrade
----------- Strong buy Buy n/a Credit Suisse First Boston
No change
----------- (reiterated) Hold n/a Frost Securities
No change
----------- (reiterated) Long term buy n/a JP Morgan
Initiated
Starbucks (SBUX) (initiated) Market perform n/a Banc of America Securities
Initiated
Wendy's (WEN) (initiated) Buy US $30 Banc of America Securities
Last updated March 16, 2001 @4:54PM EST
The Financial Ad Trader
The Financial Ad Trader

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