US RESEARCH SUMMARY-Non-S&P 500 Feb 18 2300 GMT
Following is a summary of research actions on non-S&P 500 companies reported by Reuters on Wednesday. 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] --------------------------------------------------------------------------- STOCK RESEARCH BY ACTION Alexion Needham Starts with buy rating; price target Pharmaceuticalsof $51 --------------------------------------------------------------------------- American Medical S&P Equity Raises to hold from sell Systems rating overweight --------------------------------------------------------------------------- Arena Pharmaceuticals UBS Cuts to neutral from buy --------------------------------------------------------------------------- ATP Oil & Gas RBC Cuts price target to $5 from $10; rating sector perform --------------------------------------------------------------------------- Black Hills Calyon Raises to buy from underperform --------------------------------------------------------------------------- Builders Firstsource RBC Cuts price target to $3 from $5; rating sector perform --------------------------------------------------------------------------- Cabot Oil & Gas Tristone Cuts to market perform from outperform --------------------------------------------------------------------------- Cathay General KBW Raises to market perform from Bancorp underperform on valuation --------------------------------------------------------------------------- CEC Entertainment KeyBanc Raises to buy from hold; price target $33 --------------------------------------------------------------------------- Celera UBS Cuts price target to $15 from $16; keeps buy rating --------------------------------------------------------------------------- Champion FTN Equity Cuts to neutral from buy Enterprises --------------------------------------------------------------------------- Cognex Needham Cuts price target to $15 from $17; rating buy --------------------------------------------------------------------------- Coldwater Creek UBS Cuts price target to $2.3 from $2.8; keeps neutral rating --------------------------------------------------------------------------- Conceptus Raymond James Cuts to market perform from outperform --------------------------------------------------------------------------- Copart Baird Raises to outperform from neutral --------------------------------------------------------------------------- Diamond Foods BMO Cuts to market perform from outperform --------------------------------------------------------------------------- Donegal Group Fox-Pitt Cuts to in line from outperform --------------------------------------------------------------------------- East West Bancorp KBW Raises to market perform from underperform on valuation --------------------------------------------------------------------------- Eaton Vance Sandler O'Neill Cuts price target by $2 to $16; rating sell --------------------------------------------------------------------------- Entegris Citigroup Cuts to hold from buy; price target to $1.50 from $6.50 --------------------------------------------------------------------------- Factset Research Needham Raises price target to $47 from $45; Systems rating buy --------------------------------------------------------------------------- First Solar Wedbush Raises price target to $125 from $110; keeps hold rating --------------------------------------------------------------------------- FMC Technologies Barclays Cuts price target to $38 from $44; keeps equal-weight rating --------------------------------------------------------------------------- Freightcar America Longbow Raises to buy from neutral UBS Cuts price target to $17 from $20; keeps neutral rating --------------------------------------------------------------------------- Frontier Oil Tristone Cuts to market perform from outperform --------------------------------------------------------------------------- Fundtech Wedbush Cuts price target to $5.50 from $7, keeps hold rating --------------------------------------------------------------------------- Genpact Janney Montgomery Cuts price target by $1 to $8; Scott rating neutral --------------------------------------------------------------------------- Gibraltar Industries Baird Raises to neutral from underperform --------------------------------------------------------------------------- Global Crossing Jefferies Cuts price target to $8 from $9; rating hold --------------------------------------------------------------------------- Gulfmark Offshore Jefferies Cuts to hold from buy --------------------------------------------------------------------------- Holly BMO Raises price target to $26 from $20; rating market perform --------------------------------------------------------------------------- Hornbeck Offshore Jefferies Cuts to hold from buy Services --------------------------------------------------------------------------- Idenix Pharmaceuticals Caris Cuts price target to $16 from $17; rating buy --------------------------------------------------------------------------- Intuitive Surgical Barrington Starts with outperform rating and $175 price target --------------------------------------------------------------------------- Koppers Holdings Jefferies Cuts price target to $18 from $20; rating hold --------------------------------------------------------------------------- Lojack S&P Equity Cuts to sell from hold --------------------------------------------------------------------------- Marchex RBC Cuts price target to $7 from $9; rating sector perform --------------------------------------------------------------------------- Modine Manufacturing Baird Raises to neutral from underperform --------------------------------------------------------------------------- Oil States Goldman Sachs Removes from conviction sell list International --------------------------------------------------------------------------- Orthofix Jefferies Raises price target to $21 from $18; International rating buy --------------------------------------------------------------------------- Pacific Capital KBW Raises to market perform from Bancorp underperform on valuation --------------------------------------------------------------------------- Palm UBS Raises price target to $8.5 from $6.5; removes short-term buy rating --------------------------------------------------------------------------- Palm Harbor Homes FTN Equity Cuts to neutral from buy --------------------------------------------------------------------------- Perot Systems S&P Equity Raises to buy from hold on Research valuation --------------------------------------------------------------------------- Rofin-Sinar Longbow Cuts target price to $12 from $15; Technologies rating sell --------------------------------------------------------------------------- Smithfield Foods Deutsche Bank Cuts price target to $10 from $14; keeps hold rating --------------------------------------------------------------------------- SPSS Inc Baird Cuts to neutral from outperform Jefferies Raises price target to $34 from $28; rating buy --------------------------------------------------------------------------- Standard Pacific UBS Cuts price target to $2.5 from $3; keeps buy rating --------------------------------------------------------------------------- Teekay LNG Partners Raymond James Cuts price target to $25 from $40; rating strong buy --------------------------------------------------------------------------- Teva Pharmaceutical Deutsche Bank Raises price target to $57 from $54; rating buy Banc of America Raises price target to $51 from $48; rating buy --------------------------------------------------------------------------- Tidewater Goldman Sachs Adds to conviction sell list --------------------------------------------------------------------------- Trico Marine Jefferies Cuts to underperform from hold Services --------------------------------------------------------------------------- Ultra Petroleum UBS Raises price target to $62 from $60; keeps buy rating --------------------------------------------------------------------------- Universal Electronics RBC Cuts price target to $17 from $22; rating outperform --------------------------------------------------------------------------- Veraz Networks Jefferies Cuts price target to $0.45 from $0.60; rating underperform Needham Cuts price target to $1.75 from $2.50;rating buy --------------------------------------------------------------------------- Volcom Caris Cuts price target to $12 from $15; rating above average --------------------------------------------------------------------------- Walter Industries Brean Murray Cuts price target to $30 from $45; keeps buy rating --------------------------------------------------------------------------- WebMD Health S&P Equity Raises to sell from strong sell Research --------------------------------------------------------------------------- Wesco International JP Morgan Cuts price target to $18 from $26; keeps overweight rating --------------------------------------------------------------------------- Western Refining Tristone Cuts to market perform from outperform --------------------------------------------------------------------------- Willis Group UBS Cuts price target to $36 from $41; Holdings keeps buy rating --------------------------------------------------------------------------- WMS Industries JP Morgan Raises to neutral from underweight --------------------------------------------------------------------------- Zebra Technologies Raymond James Cuts price target to $25 from $30; maintains outperform rating --------------------------------------------------------------------------- ((Compiled by Tenzin Pema, Sandhya Menon and Vidya L Nathan; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)) Keywords: US RESEARCH/ (C) Reuters 2009. 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