Analyst Action: New Stock Ratings
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Bloomberg News
* Compaq Computer Corp. (ticker symbol: CPQ) was raised to “buy” from “accumulate” by A.G. Edwards & Sons.
* Nextel Communications (NXTL) was rated “buy” in new coverage by Wheat First Union, with a 12-month target price of $36.
* Polaroid Corp. (PRD) was downgraded to “hold” from “buy” by Credit Suisse First Boston.
* Texaco Inc. (TX) was downgraded to “neutral” from “buy” by Lehman Bros.
* US West (USW) was raised to “buy” from “neutral” by Lehman Bros., with a 12-month target price of $68.
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