Analyst Action: New Stock Ratings
Some of the new or revised stock ratings issued Monday on Wall Street:
* Dell Computer Corp. (ticker symbol: DELL; close and change: $43.63, up 81 cents) was raised to “strong buy” from “buy” by SG Cowen, with a 12-month target of $55.
* Eastman Kodak (EK; $72.81, up $1.69) was raised to “buy” from “hold” by Warburg Dillon Read, with a target of $84.
* ESPS Inc. (ESPS; $12.25, up $3) was rated “buy” in new coverage by Hambrecht & Quist; “strong buy” in new coverage by U.S. Bancorp Piper Jaffray, with a target of $20; and “buy” in new coverage by BancBoston Robertson Stephens.
* KN Energy Inc. (KNE; $19.31, up 44 cents) was raised to “buy” from “hold” by Jefferies & Co.
* PP&L; Resources Inc. (PPL; $30.69, down 50 cents) was downgraded to “hold” from “buy” by McDonald Investments.
* SBA Communications (SBAC; $14.81, up $1.31) was rated “buy” in new coverage by Lehman Bros., with a target of $17, and “buy” in new coverage by Donaldson Lufkin & Jenrette, with a target of $18.
* Sports Authority Inc. (TSA; $3.81, down 19 cents) was downgraded to “reduce” from “hold” by Standard & Poor’s.
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