US RESEARCH NEWS-UBS raises Jacobs Engineering price target

Following are the research actions reported by Reuters on
Wednesday as of 0925 ET.
For research actions reported earlier in the day, please
double click on [nBNG147185]
For a snapshot of research actions, please double click on
[SNAP/RCH]
---------------------------------------------------------------
------------ STOCK RESEARCH BY ACTION
Jacobs Engineering UBS Raises target to $105
from $95
(JEC.N)
----------------------------------------------------------------
----------- Westlake Chemical UBS Cuts
target to $21 from $25
(WLK.N)
----------------------------------------------------------------
----------- Macatawa Bank (MCBC.O) RBC Cuts
price target to $9 from $11;

keeps underperform rating
---------------------------------------------------------------
------------ Quest Energy (QELP.O) RBC Starts
with outperform rating, $19

price target
---------------------------------------------------------------
------------ Fifth Third Bancorp RBC Cuts
price target to $28 from $31;
(FITB.O) keeps sector perform
rating
---------------------------------------------------------------
------------ Fannie Mae (FNM.N) Lehman Raises
2008 eps estimate to $1.70 from

$1.60
----------------------------------------------------------------
----------- Darden Restaurants Banc of America Cuts to
neutral from buy;
(DRI.N) price target to $36
from $54
---------------------------------------------------------------
------------ Darden Restaurants Lehman Cuts
price target to $49 from $52;
(DRI.N) keeps overweight
rating
---------------------------------------------------------------
------------ Discover Financial Lehman Cuts
price target to $21 from $23;
Services (DFS.N) keeps equal weight
rating
---------------------------------------------------------------
------------ Energy Transfer Lehman Cuts
price target to $59 from $64
Partners (ETP.N)
---------------------------------------------------------------
------------ ITC Holdings (ITC.N) Lehman Raises
price target to $60 from $58;

keeps equal weight rating
----------------------------------------------------------------
----------- Transition COWEN Starts
with outperform rating
Therapeutics (TTHI.O)
---------------------------------------------------------------
------------ Lumber Liquidators Banc of America Starts
with buy rating;
(LL.N) price target of $12 -

theflyonthewall.com
----------------------------------------------------------------
----------- Flextronics Deutsche Bank Resumes
with buy;
International (FLEX.O) price target of $17 -

theflyonthewall.com
----------------------------------------------------------------
----------- Tribune TRB.N Deutsche Bank Cuts to
hold from buy; price target

of $34 -
theflyonthewall.com
---------------------------------------------------------------
------------ Best Buy (BBY.N) Bear Stearns Sets
2008 price target of $57 vs 2007

target of $55; keeps outperform rating
----------------------------------------------------------------
----------- Exar Corp (EXAR.O) Caris Cuts
price target to $10 from $13;

keeps average rating
----------------------------------------------------------------
----------- General Growth Citigroup Cuts price
target to $53 from $62;
Properties GGP.N keeps buy rating
---------------------------------------------------------------
------------ Maxim Integrated Citigroup Raises
to buy from hold
Products MXIM.PK
---------------------------------------------------------------
------------ Emcore Corp (EMKR.O) Needham Raises
target to $16 from $12; keeps

buy rating
----------------------------------------------------------------
----------- Transcontinental BMO Cuts
price target to C$20 from C$23
(TCLa.TO)
---------------------------------------------------------------
------------ Quest Energy Partners Stifel Starts
with buy rating;
(QELP.O) price target of $20
---------------------------------------------------------------
------------- Quest Energy Partners Friedman Starts
with an outperform rating
(QELP.O) and $20 price target
----------------------------------------------------------------
------------- Take-Two Interactive Citigroup Raises
to buy from hold
Software (TTWO.O)
---------------------------------------------------------------
------------- National Semiconductor Goldman Sachs Cuts to
neutral from buy
(NSM.N)
---------------------------------------------------------------
------------- Monolithic Power Goldman Sachs Raises
to buy rating;
Systems (MPWR.O) price target to $28
from $26
---------------------------------------------------------------
------------- Diamond Offshore Goldman Sachs Removes
from conviction buy list;
Drilling (DO.N) keeps buy rating
---------------------------------------------------------------
------------- Lumber Liquidators Goldman Sachs Starts
with buy rating;
(LL.N) price target of $12
---------------------------------------------------------------
------------- American Public Piper Jaffray Starts
with buy rating; $50 target
Education (APEI.O) -
theflyonthewall.com
---------------------------------------------------------------
------------ Red Hat (RHT.N) Broadpoint Cuts
price target to $24 from $27;

keeps buy rating
---------------------------------------------------------------
------------ Varian Semiconductor Broadpoint Starts
with strong buy rating
Equipment (VSEA.O)
---------------------------------------------------------------
------------ Best Buy (BBY.N) Piper Jaffray Raises
price target of $60; has buy

rating, reports
theflyonthewall.com
---------------------------------------------------------------
------------ Semitool (SMTL.O) Broadpoint Upgrades
with buy, price target

of $10.50
---------------------------------------------------------------
------------ Lumber Liquidators Piper Jaffray Starts
with buy rating; price target
(LL.N) of $15, reports
theflyonthewall.com
---------------------------------------------------------------
------------ Formfactor (FORM.O) Broadpoint Starts
with buy, price target of $39
---------------------------------------------------------------
------------ American Medical Piper Jaffray Raises
to buy from neutral,
Systems Holdings (AMMD.O) reports
theflyonthewall.com
---------------------------------------------------------------
------------ Corel (CREL.O) Piper Jaffray Raises
to buy from neutral,

reports
theflyonthewall.com
---------------------------------------------------------------
------------ GSI Commerce Piper Jaffray Raises
to buy from neutral; price
(GSIC.O) target of $28,
reports
theflyonthewall.com
---------------------------------------------------------------
------------ OSG America Merrill Lynch Starts
with buy rating; price
(OSP.N) target of $19,
reports

theflyonthewall.com
---------------------------------------------------------------
------------ Amdocs (DOX.N) Cantor Raises
to buy from hold;

price target of $42
---------------------------------------------------------------
------------ Tecumseh (TECUA.O) Baird Cuts to
neutral from outperform
---------------------------------------------------------------
------------ Digital River Jefferies Cuts
target to $38 from $51;
(DRIV.O) keeps hold rating
---------------------------------------------------------------
------------ Penford (PENX.O) Jefferies Starts
with buy rating; price

target of $33
---------------------------------------------------------------
------------ ((Compiled by Neetha Mahadevan; Bangalore
Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223
8780))