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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 23, 2001 Check out all the Upgrades/Downgrades for March

Move
Name
Previous
Recommendation
Target
Who
Upgrade
BCE Inc. (BCE:TSE) Buy Strong buy C $44 Scotia Capital
No change
EnerMark Income Fund (EIF.UN:TSE) (reiterated) Strong buy C $60 Scotia Capital
No change
ImagicTV (IMT:TSE) (reiterated) Buy US $7 CIBC World Markets
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US Focus
Move
Name
Previous
Recommendation
Target
Who
Downgrade
3Com Corp (COMS) Outperform Neutral n/a Gerard Klauer Mattison
No change
AOL Time Warner (AOL) (reiterated) Strong buy US $80 UBS Paine Webber
Upgrade
Bank of America (BAC) Market perform Buy n/a Friedman Billings
Upgrade
Bank of NY (NK) Maintain position Buy US $55 AG Edwards
No change
Boeing (BA) (reiterated) Buy US $72 First Union Securities
No change
Charles Schwab (SCH) (reiterated) Hold n/a CIBC World Markets
No change
-------------- (reiterated) Market perform n/a First Union Securities
Upgrade
Citigroup (C) Maintain position Buy US $55 AG Edwards
No change
General Motors (GM) (reiterated) Add US $72 Dresdner Kleinwort Wass.
Upgrade
Hewlett Packard (HWP) Accumulate Strong buy n/a Buckingham Research
Initiated
----------------- (initiated) Neutral n/a Morgan Stanley Dean Witter
Upgrade
IBM (IBM) Accumulate Strong buy n/a Buckingham Research
No change
JP Morgan Chase (JPM) (reiterated) Near/long term buy n/a Merill Lynch
No change
Kimberly Clark (KMB) (reiterated) Near term accumulate n/a Merrill Lynch
Initiated
Lexmark International (LXK) (initiated) Neutral n/a Morgan Stanley Dean Witter
Initiated
Macromedia (MACR) (initiated) Market perform US $25 Robert W. Baird
Initiated
Oracle Corp. (ORCL) (initiated) Buy aggressive US $19 Dain Rauscher Wessels
No change
Palm Inc. (PALM) (reiterated) Strong buy n/a CIBC World Markets
No change
-------- (reiterated) Recommended list n/a Goldman Sachs
No change
Procter & Gamble (PG) (reiterated) Buy n/a Banc of America Securities
Initiated
Sun Microsystems (SUNW) (initiated) Neutral n/a Morgan Stanley Dean Witter
Downgrade
United Parcel Service (UPS) Strong buy Buy n/a Raymond James
Upgrade
WebMD (HLTH) Buy Strong buy n/a SG Cowen
No change
-------- (reiterated) Buy US $14 UBS Paine Webber
Upgrade
Wells Fargo (WFC) Accumulate Buy n/a Friedman Billings
Last updated March 23, 2001 @6:38PM EST
The Financial Ad Trader
The Financial Ad Trader

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