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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 29, 2001 Check out all the Upgrades/Downgrades for March

Move
Name
Previous
Recommendation
Target
Who
No change
AGF Management Ltd. (AGF.B:TSE) (maintained) Hold C $27 Scotia Capital
Downgrade
Aliant (AIT:TSE) Buy Strong buy C $40 Scotia Capital
No change
ATI Technologies (ATY:TSE) (maintained) Reduce C $4.20 Scotia Capital
Upgrade
----------------- Reduce Market perform C$8 Sprott Securities
Initiated
Four Seasons Hotels (FS:TSE) (initiated) Hold US $53 ABN Amro
No change
JDS Unphase (JDU:TSE) (maintained) Buy US $30 Williams Capital
Initiated
Nortel Networks (NT:TSE) (initiated) Buy US $19 Williams Capital
No change
Pivotal Corp. (PVT:TSE) (maintained) Buy C $29 Yorkton Securities
No change
Research In Motion (RIM:TSE) (reiterated) Market outperform n/a Goldman Sachs
No change
Sierra Wireless (SW:TSE) (maintained) Buy US $37 TD Securities
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US Focus
Move
Name
Previous
Recommendation
Target
Who
Downgrade
Alcatel (ALA) Near term accumulate Near term neutral n/a Merrill Lynch
No change
Eli Lilly (LLY) (reiterated) Hold n/a Dresdner Kleinwort Wass.
Downgrade
Lucent Tech (LU) Buy Market performer n/a Robertson Stephens
Initiated
Mattel (MAT) (initiated) Strong buy US $24 Fahnestock
Upgrade
McDonald's (MCD) Buy Strong buy n/a First Union Securities
No change
NVIDIA Corp. (NVDA) (reiterated) Strong buy US $80 Prudential
No change
Qualcomm (QCOM) (reiterated) Strong buy US $110 CIBC World Markets
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