Analyst Action: New Stock Ratings
* Aflac Inc. (ticker: AFL; Tuesday close and change: $49.38, down 75 cents) was downgraded to “market perform” from “buy” by analyst Vanessa Wilson at Donaldson, Lufkin & Jenrette Securities Corp.
* Electronic Data Systems Corp. (EDS; $46.38, up $1.38) was raised to “buy” from “market perform” by Thomas T. Rooney at Donaldson, Lufkin & Jenrette Securities Corp.
* Sunrise Assisted Living Inc. (SNRZ; $37.94, up 19 cents) was raised to “strong buy” from “accumulate” by Marie Conway at Prudential Securities.
* Reliance Group Holdings (REL; $9.81, down $1.31) was downgraded to “neutral” from “buy” by Ronald W. Frank at Salomon Smith Barney.
* PeopleSoft Inc. (PSFT; $18.81, down 19 cents) was raised to “buy” from “hold” by Steven H. Kohn at SoundView Technology Group, with a 12-month target price of $27.
* Caterpillar Inc. (CAT; $46.50, down 75 cents) was raised to “outperform” from “neutral” by Stephen Volkmann at Morgan Stanley Dean Witter, with a price target of $55.
* Fox Entertainment Group Inc. (FOX; $25.75, up 44 cents) was rated “recommend list” in new coverage by Richard P. Simon at Goldman, Sachs & Co., with a 12-month target price of $30.
* Sprint Corp. (FON; $78.56, up 63 cents) was raised to “buy” from “hold” by Eric Melloul at Argus Research Corp.
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