US RESEARCH NEWS-Lehman raises cuts Essex Property trust target

Following are the research actions reported by Reuters on
Tuesday
as of 0918 ET.
For research actions reported earlier in the day, please
double click on [nBNG5895]
For a snapshot of research actions, please double click on
[SNAP/RCH]
---------------------------------------------------------------
------------ STOCK RESEARCH BY ACTION
Essex Property Lehman Cuts price target to
$115 from $132
Trust Inc (ESS.N)
---------------------------------------------------------------
------------ Duke Realty (DRE.N) Lehman Cuts
price target to $27 from $35;

keeps equalweight
rating
---------------------------------------------------------------
------------ Boston Properties Lehman Cuts
price target to $105 from $120
(BXP.N) keeps overweight
rating
---------------------------------------------------------------
------------ Apartment Investment Lehman Cuts
price target to $33 from $40
and Management (AIV.N)
---------------------------------------------------------------
------------ AvalonBay Communities Lehman Cuts
price target to $103 from $128;
(AVB.N) keeps equalweight
rating
---------------------------------------------------------------
------------- Apache (APA.N) Lehman Raises
price target to $116 from

$105; keeps
overweight rating
---------------------------------------------------------------
------------ Aruba Networks FTN Midwest Starts
with buy rating;
(ARUN.O) price target of $19
---------------------------------------------------------------
------------ Grant Prideco GRP.N Howard Weil
Downgrades to market perform from

market outperform
---------------------------------------------------------------
------------ Genesis Energy (GEL.A) SMH Capital Starts
with buy rating
---------------------------------------------------------------
------------ Quicksilver Resources RBC Raise
price target to $62 from $56;
(KWK.N) keeps outperform
rating
---------------------------------------------------------------
------------- National City NCC.N RBC Cuts
price target to $13 from $20;

keeps underperform
rating
---------------------------------------------------------------
------------- Marshall & Ilsley RBC Cuts
price target to $30 from $33;
(MI.N) keeps sector perform
rating
---------------------------------------------------------------
------------- ICx Technologies Needham Starts
with buy rating;
(ICXT.O) price target of $18
----------------------------------------------------------------
----------- Carrier Access Needham Cuts to
hold from buy
CACS.O
----------------------------------------------------------------
----------- Murphy Oil (MUR.N) Friedman Raises
price target to $81 from $64
---------------------------------------------------------------
------------ Marathon Oil (MRO.N) Friedman Raises
price target to $65 from $50
---------------------------------------------------------------
------------ Hess Corp (HES.N) Friedman Raises
price target to $97 from $73
---------------------------------------------------------------
------------ Occidental Petroleum Friedman Raises
to market perform from
(OXY.N) underperform
---------------------------------------------------------------
------------ Royal Gold (RGLD.O) HSBC Raises
to overweight from neutral,

keeps target of $34
---------------------------------------------------------------
------------ Quicksilver Resources Citigroup Raises
price target to $68 from $66;
(KWK.N) keeps buy rating
---------------------------------------------------------------
------------ Trane TT.N Keybanc Cuts to
hold from aggressive buy;

raises price target to $44 from $41
----------------------------------------------------------------
----------- Approach Resources Keybanc Starts
with buy rating;
(AREX.O) price target of $16
----------------------------------------------------------------
----------- Home Properties Baird Cuts
target to $47 from $55,
(HME.N) keeps neutral rating
----------------------------------------------------------------
----------- UDR (UDR.N) Baird Cuts
price target to $24 from $27;

keeps neutral rating
---------------------------------------------------------------
------------ Mid-America Apartment Baird Cuts
price target to $49 from $56;
Communities (MAA.N) keeps neutral rating
---------------------------------------------------------------
------------ Essex Property Trust Baird Cuts
price target to $108 from $127;
(ESS.N) keeps neutral rating
---------------------------------------------------------------
------------ Camden Property Baird Cuts
price target to $55 from $70;
Trust (CPT.N) keeps neutral rating
---------------------------------------------------------------
------------ Avalonbay Communities Baird Cuts to
neutral from outperform,
(AVB.N) target to $105 from
$130
---------------------------------------------------------------
------------ Associated Estates Baird Cuts to
neutral from outperform;
Realty (AEC.N) target to $12 from
$15
---------------------------------------------------------------
------------ National City Deutsche Bank Cuts
price target to $14 from $20;
NCC.N keeps sell
rating-theflyonthewall.com
---------------------------------------------------------------
------------ Embraer (ERJ.N) Credit Suisse Cuts to
neutral from outperform -

theflyonthewall.com
---------------------------------------------------------------
------------ Adobe Systems (ADBE.O) Piper Jaffray Raises
price target to $55 from $54;

keeps buy rating - theflyonthewall.com
----------------------------------------------------------------
----------- Synovus Financial Bernstein Cuts
price target to $30 from $31
(SNV.N)
---------------------------------------------------------------
------------ Marshall & Ilsley Bernstein Cuts
price target to $30 from $32
(MI.N)
---------------------------------------------------------------
------------ Agria (GRO.N) Piper Jaffray Starts
with buy rating; price target

of $15.50 - theflyonthewall.com
----------------------------------------------------------------
----------- Suntech Power (STP.N) Lehman Raises
price target to $100 from $80

-
theflyonthewall.com
---------------------------------------------------------------
------------ Memc Electronic Lehman Raises
price target to $110 from $90
Materials (WFR.N) -
theflyonthewall.com
---------------------------------------------------------------
------------ Dryships (DRYS.O) Cantor Cuts
price target to $121 from $133;

keeps buy rating
----------------------------------------------------------------
----------- JA Solar (JASO.O) Lehman Raises
price target to $80 from $65

-
theflyonthewall.com
---------------------------------------------------------------
------------ Cinemark Holdings Wachovia Starts
with outperform rating
(CNK.N)
---------------------------------------------------------------
------------ ((Compiled by Neetha Mahadevan; Bangalore
Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223
8780))