A Retriever Brings Home an Upgrade, the Internet Analyst(SM) News.Business/High-Tech Editors NEW YORK--(BUSINESS WIRE)--June 30, 2000 On June 21, Robinson-Humphrey lowered its rating on Appnet (Nasdaq:APNT APNT Association of Physical and Natural Therapists ) to neutral from buy after the company announced that it would be acquired by Commerce One (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) for $1.17 billion in stock. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. lowered its rating of Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ) on June 16 to accumulate from buy after the company announced a definitive agreement to purchase BlueStar Communications for at least $200 million in stock and $15 million in assumed debt. Slower account growth and rising account acquisition costs led Merrill Lynch to lower their immediate-term opinion of DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Direct (NYSE NYSE See: New York Stock Exchange :DIR) to neutral from accumulate on June 19. On June 21, Banc of America Securities upgraded their rating of Verity (Nasdaq:VRTY) to strong buy from buy and set a 12-month price target of $72, based on P/E-multiple valuation model. The number of contributed and downloaded documents is based on the number of new documents contributed to Multex.com from brokerage firms worldwide during the week of June 5-11. This week Insider Trading Clues looks at the recent insider buying going on at Mail.com (Nasdaq:MAIL). To find out more about this week's Analyst's Upgrades and Downgrades, read the article in Multex.com's The Internet Analyst(SM), http://www.theinternetanalyst.com/individual/000629sections/ updowngrade.asp Companies profiled: Appnet (Nasdaq:APNT) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=apnt Commerce One (Nasdaq:CMRC) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=cmrc Covad Communications (Nasdaq:COVD) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=covd |
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