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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 26, 2001 Check out all the Upgrades/Downgrades for March

Move
Name
Previous
Recommendation
Target
Who
No change
Nortel Networks (NT:TSE) (maintained) Hold n/a ABN Amro
No change
---------------- (maintained) Buy US $21 Lehman Brothers
No change
Precision Drilling (PD:TSE) (reiterated) Near/long term buy US $75 Merrill Lynch
No change
QLT Inc. (QLT:TSE) (reiterated) Strong buy US $51 HCFP/Brenner Securities
No change
--------- (maitained) Buy C $75 National Bank Financial
Not available
Sun Life Financial (SLC:TSE) ? Buy C $38 Scotia Capital
Check out the Insiders Report Update
 
US Focus
Move
Name
Previous
Recommendation
Target
Who
Downgrade
Bank of America (BAC) Market perform Underperform n/a Keefe Bruyette
Upgrade
Bank of NY (BK) Outperform Buy n/a Keefe Bruyette
No change
Boeing (BA) (reiterated) Buy n/a Dresdner Kleinwort Wass.
No change
Cisco Systems (CSCO) (reiterated) Hold n/a CIBC World Markets
Downgrade
CSFBdirect (DIR) Long term accumulate Long term neutral n/a Merrill Lynch
Upgrade
Home Depot (HD) Outperform Buy n/a Salomon Smith Barney
No change
IBM (IBM) (reiterated) Strong buy n/a SG Cowen
Downgrade
Lehman Brothers (LEH) Buy Market perform n/a Keefe Bruyette
No change
Lucent Tech (LU) (reiterated) Add US $17 Dresdner Kleinwort Wass.
No change
Microsoft (MSFT) (reiterated) Buy n/a Deutsche Banc Alex Brown
No change
Motorola (MOT) (reiterated) Market perform n/a JP Morgan
Upgrade
PG&E Corp (PCG) Hold Buy US $15 Credit Suisse First Boston
No change
U.S. Bancorp (USB) (reiterated) Recommended list n/a Goldman Sachs
Upgrade
Wal-Mart (WMT) Long term attractive Buy US $59 Robertson Stephens
Last updated March 26, 2001 @5:38PM EST
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The Financial Ad Trader

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