US RESEARCH SUMMARY-Non-S&P 500 Feb 27 1551 GMT

Fri Feb 27, 2009 10:52am EST
 
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 Following is a summary of research actions on non-S&P 500 companies reported 
 by Reuters on Friday. Stock entries are in alphabetical order. 
 For a summary of research on S&P 500 companies, double click on [RCH/US]. 
 For a summary of research on Canadian companies, double click on [RCH/CA]. 
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 STOCK                  RESEARCH BY       ACTION 
 Aegean Marine         Jefferies          Cuts price target to $32 from $45; 
 Petroleum                         keeps buy rating 
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 Affiliated Managers    Goldman Sachs     Cuts price target to $48 from $50 
 Group  
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 Airmedia Group         Susquehanna       Cuts price target to $6 from $12; 
                                  keeps positive rating 
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 Alliancebernstein      Goldman Sachs     Cuts price target to $14 from $18 
   
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 American Equity        Raymond James     Raises to strong buy from outperform 
 Investment   
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 Ansys          Jefferies         Raises to buy from hold 
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 Arcsight       RBC               Raises price target to $10 from $7; 
                                          rating outperform 
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 Bare Escentuals        Wedbush           Cuts price target to $3 from $4;  
                                  keeps hold rating 
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 Big 5 Sporting Goods   Wedbush           Cuts price target to $6 from $7; 
                                  rating buy 
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 Blackrock       Goldman Sachs     Cuts price target to $125 from $135 
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 Blue Coat Systems      Lazard            Raises price target to $14 from $13; 
                                  rating buy 
                        Wedbush           Raises price target to $12 from $10; 
                                          rating hold 
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 Boyd Gaming     Jefferies         Cuts price target to $6 from $15.50; 
                                          rating buy 
                        Barclays          Raises price target to $5 from $4; 
                                          rating equal-weight 
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 California Water      Janney             Raises to buy from neutral on 
 Service        Montgomery Scott   valuation 
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 CBeyond        Citigroup         Raises price target to $17 from $14; 
                                          rating hold 
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 Chico's Fas     Friedman          Raises to outperform 
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 Ciena          Barclays          Cuts price target to $9 from $10; 
                                          rating overweight 
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 Cinemark Holdings      Barclays          Cuts to equal-weight from overweight 
  
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 Clear Channel Outdoor  Caris             Cuts price target to $3 from $4; 
 Holdings                          rating below average 
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 Cliffs Natural         Keybanc           Cuts to hold from buy 
 Resources  
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 Coca-Cola Femsa HSBC              Cuts price target to $39 from $45; 
                                          rating overweight 
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 Cogent Communications  Jefferies         Raises price target to $6.50 from $5; 
                                  keeps hold rating 
                        RBC               Raises price target to $10 from $9; 
                                          rating outperform 
                        Citigroup         Raises price target to $8 from $5; 
                                          rating hold 
                        Raymond James     Cuts to market perform from outperform 
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 Great Lakes Dredge     Barclays          Cuts price target to $3.50 from $8; 
 & Dock                           rating equal-weight 
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 HB Fuller       Keybanc           Raises to hold from underweight 
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 Heartland Express      UBS               Cuts price target to $12 from $13; 
                                  rating sell 
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 Heartland Payment      JP Morgan         Raises to neutral from underweight 
 Systems  
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 Huntsman        Jefferies         Cuts price target to $2.50 from  
                                          $3.25; keeps hold rating 
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 Icad           Canaccord Adams   Cuts price target to $3 from $3.50; 
                                          keeps buy rating 
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 Invesco         Goldman Sachs     Cuts price target to $15 from $16 
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 Kaman          Keybanc           Cuts to hold from buy 
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 Kansas City Southern   BMO               Cuts price target to $21 from $25; 
                                   rating market perform 
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 Key Energy             RBC               Cuts price target to $5.50 from $8; 
 Services                          rating outperform 
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 Knight Transportation  UBS               Cuts price target to $12 from $13; 
                                   rating sell 
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 Lamar Advertising      Jefferies         Cuts price target to $7 from $16; 
                                  rating hold 
                        Wedbush           Cuts price target to $7.00 from $9.50; 
                                          rating hold 
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 Limelight Networks     Jefferies         Cuts to hold from buy 
   
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 LKQ            Raymond James     Raises to outperform from market 
                                          perform 
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 Macquarie              Stifel            Cuts to hold from buy 
 Infrastructure   
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 MBT Financial  Sandler O'Neill   Cuts price target by $1 to $2; rating 
                                          hold 
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 Microsemi      Raymond James     Raises to strong buy from outperform 
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 Nanosphere     Credit Suisse     Cuts price target to $6 from $8 
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 Nasdaq OMX Group       Credit Suisse     Cuts price target to $24 from $25 
   
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 National Cinemedia     Barclays          Cuts to equal-weight from overweight 
   
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 National Interstate    Fox-Pitt          Starts with outperform rating;  
                                  price target of $19 
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 NII Holdings   Stifel            Cuts price target to $48 from $57; 
                                          rating buy 
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 Nokia           RBC               Cuts price target to $12 from $14; 
                                          rating outperform 
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 Novell         S&P Equity        Cuts target price by $0.50 to $4.50; 
                                          keeps hold rating 
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 Occam Networks         Jefferies         Raises price target to $3 from $2.50; 
                                  keeps hold rating 
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 Omnivision             Caris             Cuts price target to $6 from $7;  
 Technologies                     keeps average rating 
                        Canaccord Adams   Raises price target to $6 from $5; 
                                          keeps hold rating 
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 Ormat Technologies     Citigroup         Cuts price target to $27 from $29;  
                                   rating hold 
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 Cohen & Steers  Goldman Sachs     Cuts price target to $6.50 from $7 
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 Commscope       Jefferies         Cuts price target to $17 from $25; 
                                          keeps buy rating 
                        Stifel            Cuts price target to $33 from $40; 
                                          rating buy 
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 Continental Resources  RBC               Cuts price target to $24 from $28; 
                                   rating sector peform 
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 Cott            UBS               Cuts price target to $0.90 from $1.00; 
                                          rating neutral 
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 Covanta Holding        Barclays          Cuts price target to $23 from $25; 
                                   rating overweight 
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 Deckers Outdoor        Susquehanna       Cuts price target to $70 from $92; 
                                  rating positive 
                        Lazard            Cuts price target to $85 from $100; 
                                          rating buy 
                        Wedbush           Cuts price target to $73 from $92; 
                                          rating buy 
                        RBC               Cuts price target to $105 from $115; 
                                          rating outperform 
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 Ensco International    RBC               Cuts price target to $34 from $45; 
                                   rating sector perform 
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 Entravision            Caris             Cuts price target to $0.10 from $1; 
 Communications                    keeps below average rating 
                        Wedbush           Cuts target price to $0.75 from $1; 
                                          rating buy 
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 Esterline Technologies Credit Suisse     Cuts target price to $35 from $37 
  
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 Exterran Holdings      Credit Suisse     Raises target price to $21 from $18 
  
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 Federated Investors    Goldman Sachs     Cuts to conviction list sell from 
                                   neutral; cuts price target to $17  
                                          from $21 
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 Femsa           HSBC              Cuts price target to $30 from $35; 
                                          rating overweight 
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 FGX International      Jefferies         Cuts price target to $15 from $17; 
 Holdings                         rating buy 
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 Firstservice   RBC               Cuts price target to $9 from $12; 
                                          rating underperform 
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 Frontier Oil    Barclays          Cuts price target to $10 from $14; 
                                          rating equal-weight 
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 Frontline       Jefferies         Raises price target to $14 from $12; 
                                          keeps underperform rating 
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 Genco Shipping &       Jefferies         Cuts price target to $35 from $60; 
 Trading                           rating buy 
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 General Maritime       Jefferies         Cuts price target to $16 from $25; 
                                   rating buy 
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 Gibraltar      Jefferies         Cuts price target to $7 from $10; 
                                          rating hold 
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 Golden Star Resources  Raymond James     Raises target price to $2 from $1.50; 
                                   rating market perform 
                        Canaccord Adams   Cuts price target to $1.85 from $2.15; 
                                          keeps hold rating 
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 Goodrich Petroleum     RBC               Cuts price target to $35 from $40; 
                                   rating sector perform 
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 Gran Tierra Energy     Blackmont         Cuts price target to $5.50 from $6; 
                                   rating buy 
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 Pioneer Drilling       Jefferies         Cuts price target to $5 from $6; 
                                   rating buy 
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 Psychiatric Solutions  Citigroup         Cuts price target to $24 from $39; 
                                  rating buy 
                        Barclays          Cuts price target to $24 from $26; 
                                          rating overweight 
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 Pzena Investment       Goldman Sachs     Cuts price target to $2.50 from $3 
  
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 Regal Entertainment    Barclays          Cuts price target to $14 from $19; 
 Group                             rating overweight 
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 Regeneron              RBC               Cuts price target to $25 from $32; 
 Pharmaceuticals                  rating outperform 
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 Renaissancere Holdings Fox-Pitt          Raises to outperform from in line 
  
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 Ritchie Bros.          Baird             Cuts to neutral from outperform 
 Auctioneers  
  
                        Raymond James     Cuts price target to $20 from $24; 
                                          rating outperform 
                        Jefferies         Cuts price target to $17 from $19; 
                                          keeps hold rating 
                        RBC               Cuts price target to $17 from $22; 
                                          rating sector perform 
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 Sandy Spring Bancorp   Sandler O'Neill   Cuts price target by $3 to $12;  
                                  rating hold 
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 Service Corp           Raymond James     Cuts price target to $4.75 from  
 International                     $5.75; keeps strong buy rating 
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 Ship Finance           Jefferies         Cuts price target to $19 from $29; 
 International                     keeps buy rating 
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 SLM             Sandler O'Neill   Cuts price target to $12 from $16; 
                                          rating buy 
                        Barclays          Cuts to equal-weight from overweight 
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 Smart Balance  Canaccord Adams   Cuts price target to $9 from $10; 
                                          keeps buy rating 
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 Sonus Networks Jefferies         Cuts price target to $1.75 from $2; 
                                          rating buy 
                        Credit Suisse     Cuts target price to $2.25 from $2.50 
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 Superior Industries    Baird             Raises to neutral from underperform 
  
                        Credit Suisse     Raises to neutral from underperform 
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 SVB Financial Group    RBC               Cuts price target to $22 from $27; 
                                  rating outperform 
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 Synta Pharmaceuticals  Lazard            Cuts to hold from buy 
   
                        Rodman & Renshaw  Cuts to market perform 
                        RBC               Cuts to sector perform from outperform 
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 Tal International      Jefferies         Cuts price target to $7.50 from  
                                   $9.50; keeps hold rating 
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 Teledyne Technologies  Jefferies         Cuts price target to $28 from $30; 
                                   rating hold 
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 Telephone and Data      Barclays         Cuts price target to $40 from $47; 
 Systems                           rating equal-weight 
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 United Rentals  Jefferies         Cuts price target to $4.50 from $8; 
                                          keeps hold rating 
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 United States Cellular Baird             Cuts to underperform from neutral 
                        Barclays          Cuts price target to $50 from $58; 
                                          rating equal-weight 
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Keywords: US RESEARCH/  
    
 Universal Truckload    Stifel            Cuts price target to $16 from $23; 
 Services                         rating buy 
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 USEC            Jefferies         Cuts price target to $8 from $11; 
                                          rating buy 
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 UTStarcom      Jefferies         Cuts price target to $0.75 from $1.50; 
                                          keeps underperform rating 
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 Waddell & Reed         Goldman Sachs     Raises price target to $12 from $11 
 Financial  
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 Werner Enterprises     UBS               Cuts price target to $13 from $16.50; 
                                  rating sell 
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 Willbros Group  Jefferies          Cuts price target to $12 from $18; 
                                          rating buy 
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  ((Compiled by Sandhya Menon; Bangalore Equities Newsdesk +91 80 4135 5800; 
within U.S. +1 646 223 8780)) 
                        
 
Keywords: US RESEARCH/  
    
 
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RCH/US2

 

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