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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 21, 2001 Check out all the Upgrades/Downgrades for March

Move
Name
Previous
Recommendation
Target
Who
No change
360networks (TSX:TSE) (reiterated) Buy n/a Bear Stearns
No change
Celestica (CLS:TSE) (maintained) Outperform C $69 BMO Nesbitt Burns
No change
--------- (maintained) Buy US $51 TD Securities
No change
--------- (reiterated) Attractive n/a Bear Stearns
No change
Certicom (CIC:TSE) (reiterated) Buy US $21 Credit Suisse First Boston
No change
Descartes Systems (DSG:TSE) (reiterated) Strong buy US $45 Credit Suisse First Boston
No change
Research In Motion (RIM:TSE) (reiterated) Strong buy US $58 Buckingham Research
No change
Rogers Communications Inc. (RCI.B:TSE) (maintained) Buy C $26 Scotia Capital
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US Focus
Move
Name
Previous
Recommendation
Target
Who
No change
DaimlerCrysler (DCX) (reiterated) Hold n/a Dresdner Kleinwort Wass.
No change
FedEx Corp. (FDX) (reiterated) Accumulate n/a Buckingham Research
Downgrade
Flextronics (FLEX) Strong buy Market perform n/a First Union Securities
No change
------------ (reiterated) Attractive n/a Bear Stearns
No change
Ford Motor (F) (reiterated) Add n/a Dresdner Kleinwort Wass.
No change
General Motors (GM) (reiterated) Add n/a Dresdner Kleinwort Wass.
Downgrade
Goldman Sachs (GS) Buy Market perform n/a Keefe Bruyette
No change
--------------- (reiterated) Hold n/a Dresdner Kleinwort Wass.
No change
--------------- (reiterated) Strong buy n/a Credit Suisse First Boston
Initiated
Microsoft (MSFT) (initiated) Market perform n/a Banc of America Securities
Downgrade
New York Times (NYT) Add Hold US $43 Dresdner Kleinwort Wass.
Upgrade
Nike (NKE) Buy Strong buy US $48 Banc of America Securities
No change
---- (reiterated) buy n/a JP Morgan
No change
Philip Morris (MO) (reiterated) Recommended list n/a Goldman Sachs
No change
------------ (reiterated) Buy n/a Credit Suisse First Boston
No change
U.S. Bancorp (USB) (reiterated) Recommended list n/a Goldman Sachs
No change
WebMD (HLTH) (reiterated) Near/long term outperformer n/a Gruntal & Co.
No change
Yahoo! (YHOO) (reiterated) Reduce n/a ABN AMRO
Last updated March 21, 2001 @4:54PM EST
The Financial Ad Trader
The Financial Ad Trader

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