US RESEARCH SUMMARY-S&P 500 April 29 1452 GMT
Following is a summary of research actions on S&P 500 companies reported by Reuters on Wednesday. Stock entries are in alphabetical order. For a summary of research on non-S&P 500 companies, double click on [RCH/US2] For a summary of research on Canadian companies, double click on [RCH/CA] See bottom of the table for sector changes. --------------------------------------------------------------------------- STOCK RESEARCH BY ACTION Bristol-Myers Squibb Goldman Sachs Cuts to neutral rating; removes fromAmericas conviction buy list; cuts price target to $23 from $25 --------------------------------------------------------------------------- D.R. Horton Goldman Sachs Removes from conviction buy list; keeps buy rating --------------------------------------------------------------------------- E*Trade Fox-Pitt Cuts to underperform from in line; price target to $1 from $1.50 Friedman Cuts to underperform from market perform --------------------------------------------------------------------------- Ecolab Barclays Raises price target to $42 from $40; rating overweight --------------------------------------------------------------------------- Franklin Resources Sandler O'Neill Raises price target to $50 from $48; rating sell --------------------------------------------------------------------------- FPL Group Jefferies Cuts price target to $50 from $54; rating hold Keybanc Cuts to hold from buy --------------------------------------------------------------------------- IBM JP Morgan Raises price target to $109 from $98.50; rating overweight --------------------------------------------------------------------------- Jacobs Engineering Jefferies Cuts price target to $55 from $60; Group rating buy Barclays Cuts price target to $51 from $56; rating equal weight --------------------------------------------------------------------------- KB Home Goldman Sachs Raisesprice target to $15 from $11 --------------------------------------------------------------------------- Lennar Corp Goldman Sachs Raises price target to $7 from $6 --------------------------------------------------------------------------- Macy's S JP Morgan Cuts to neutral from overweight --------------------------------------------------------------------------- McGraw-Hill Jefferies Raises price target to $33 from $29; rating buy --------------------------------------------------------------------------- Nabors Industries Howard Weil Cuts to market perform from market outperform --------------------------------------------------------------------------- Office Depot JP Morgan Says stock could reach $5 in near term; has neutral rating --------------------------------------------------------------------------- Omnicom Bernstein Raises price target to $28.50 from $27.50; rating market perform --------------------------------------------------------------------------- Oracle Corp Cowen Cuts to neutral --------------------------------------------------------------------------- Paccar Jefferies Raises price target to $38 from $36; rating buy --------------------------------------------------------------------------- Tellabs Jefferies Raises price target to $4.50 from $4; rating hold Raymond James Downgrades to market perform from outperform --------------------------------------------------------------------------- Valero Energy Tristone Cuts to underperform from market perform --------------------------------------------------------------------------- VF Corp Susquehanna Cuts to neutral from positive Wedbush Cuts price target to $56 from $58; rating hold Barclays Cuts price target to $75 from $80; rating overweight --------------------------------------------------------------------------- Waters Barclays Raises price target to $43 from $38; rating equal weight --------------------------------------------------------------------------- Sector Changes: US banks sector Fox-Pitt Raises to marketweight from underweight --------------------------------------------------------------------------- ((Compiled by Tenzin Pema; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)) Keywords: US RESEARCH/ (C) Reuters 2009. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nBNG149890 RCH/US
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