US RESEARCH SUMMARY-S&P 500 Feb 13 2128 GMT

Fri Feb 13, 2009 4:29pm EST
 
[-] Text [+]
 Following is a summary of research actions on S&P 500
companies reported by  Reuters on Friday. 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
 Apple (AAPL.O)         Caris             Starts with buy
rating; $120
                                       price target
 ---------------------------------------------------------------
 ------------ CBS Corp (CBS.N)       Wedbush           Cuts
price target to $7.00 from
                                       $9.00
 ---------------------------------------------------------------
 ------------ Coca-Cola (KO.N)       Stifel            Cuts
price target to $50 from
                                       $52; rating buy
 ---------------------------------------------------------------
 ------------ Cognizant Technology   S&P Equity        Cuts to
hold from buy
 Solutions (CTSH.O)
 ---------------------------------------------------------------
 ------------ Dell Inc               Goldman Sachs     Removes
from conviction sell list;
 (DELL.O) [ID:nBNG180613]                 keeps sell rating
                     Caris             Starts with average
rating;
                                       $11 price target
 ---------------------------------------------------------------
 ------------ EMC (EMC.N)            Caris             Starts
with average rating; $14
                                       price target
 ---------------------------------------------------------------
 ------------ Freeport McMoran       UBS               Raises
price target to $35 from $32;
 (FCX.N)                                  rating buy
                     RBC               Cuts price target to
$33 from $35;
                                       rating sector perform
                     Canaccord Adams   Raises price target
to $29 from
                                       $26; keeps hold
rating
 ---------------------------------------------------------------
 ------------ Hewlett-Packard        Caris             Starts
with average rating; $41
 (HPQ.N)                                  price target
                     S&P Equity        Cuts target price to
$47 from $49;
                                       keeps strong buy
rating
 ---------------------------------------------------------------
 ------------ IBM (IBM.N)            Caris             Starts
with above average rating;
                                       $120 price target
 ---------------------------------------------------------------
 ------------ JDS Uniphase (JDSU.O)  RBC               Raises
to sector perform from                                         
underperform
 ---------------------------------------------------------------
 ------------ Masco Corp (MAS.N)     JP Morgan         Cuts
price target to $7.50 from
                                       $9.50; rating
overweight
 ---------------------------------------------------------------
 ------------ Medtronic (MDT.N)      Lazard            Cuts to
hold from buy
 ---------------------------------------------------------------
 ------------ Nvidia Corp            Goldman Sachs     Cuts to
neutral from buy; removes
 (NVDA.O) [ID:nBNG216328]                 from Americas buy
list
 ---------------------------------------------------------------
 ------------ Pepsico Inc (PEP.N)    Deutsche Bank     Cuts
price target to $61 from
                                       $64; rating buy
                     S&P Equity        Cuts target price by
$1 to $57; keeps
                                       buy rating
 ---------------------------------------------------------------
 ------------ Marriott International Deutsche Bank     Cuts
price target to $17 from
 (MAR.N)                                  $18.50; rating hold
 ---------------------------------------------------------------
 ------------ MasterCard (MA.N)      Cowen             Raises
to outperform from
                                       underperform
 ---------------------------------------------------------------
 ------------ Sun Microsystems       Goldman Sachs     Adds to
Americas conviction
 (JAVA.O)                                 sell list 
 ---------------------------------------------------------------
 ------------ Terex Corp (TEX.N)     BMO               Cuts to
market perform from
                                       outperform
                     Barclays          Cuts price target to
$8 from
                                       $13; rating equal
weight
                     Credit Suisse     Cuts target price to
$10 from $12
 ---------------------------------------------------------------
 ------------ Texas Instruments      UBS               Upgrades
to buy rating; ups price
 (TXN.N)                                  target to $20
 ---------------------------------------------------------------
 ------------ Wells Fargo (WFC.N)    RBC               Cuts
price target to $21 from
                                       $25; rating
outperform
                     S&P EQUITY        Says dividend cut at
co may be
                                       forthcoming; does not
expect co
                                       to earn its dividend
amount in '09
 ---------------------------------------------------------------
 ------------ ((Compiled by Ramya Dilip and Amiteshwar Singh;
Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1
646 223 8780)) 

 

Featured Broker sponsored link