US RESEARCH SUMMARY-S&P 500 March 12 1644 GMT

Following is a summary of research actions on S&P 500
companies reported by Reuters on Thursday. 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.
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------------ STOCK RESEARCH BY ACTION
Alcoa Inc (AA.N) UBS Widens Q1 loss/shr
view to $0.59

from $0.12

Widens 2009 loss/shr
view to $0.29

from $0.19

Rates neutral; price
target of $7.25
---------------------------------------------------------------
------------ American Express Citigroup Cuts
price target to $9 from $14;
(AXP.N) [ID:nWNAB3380] rating sell
---------------------------------------------------------------
------------ Avon Products (AVP.N) Barclays Cuts
price target to $21 from $28;

rating overweight
---------------------------------------------------------------
------------ Charles Schwab Citigroup Starts
with buy; price target of $16
(SCHW.O)
---------------------------------------------------------------
------------ eBay Inc (EBAY.O) Barclays Cuts
price target to $14 from $15;

rating equal-weight

Bernstein Raises price target
to $15.50 from

$14; rating market
perform
---------------------------------------------------------------
------------ E Trade (ETFC.O) Citigroup Starts
with sell; price target of

$0.25
---------------------------------------------------------------
------------ Exelon (EXC.N) Jefferies Cuts
price target to $44 from $55;

rating hold

BMO Cuts to market
perform from

outperform
---------------------------------------------------------------
------------ Ford Barclays Rates
underweight; price target $1
(F.N) [ID:nWNAB3183]
---------------------------------------------------------------
------------ Hasbro Inc (HAS.N) Wedbush Cuts
price target to $24 from $28;

rating hold
---------------------------------------------------------------
------------ Hudson City Bancorp Janney Montgomery Cuts
fair value estimate to $13;
(HCBK.O) Scott keeps buy rating
---------------------------------------------------------------
------------ Intel Corp (INTC.O) Broadpoint Amtech Raises
to buy from neutral
---------------------------------------------------------------
------------ Johnson Controls Deutsche Bank Raises
to buy from hold
(JCI.N)
---------------------------------------------------------------
------------ Life Technologies Deutsche Bank Cuts
price target to $35.50 from
(LIFE.O) $36.50
---------------------------------------------------------------
------------ Millipore (MIL.N) Deutsche Bank Cuts
price target to $55 from $56
---------------------------------------------------------------
------------ Nasdaq Omx Group Fox-Pitt Cuts to
in line
(NDAQ.O)
---------------------------------------------------------------
------------ National Semiconductor UBS Raises
price target to $11.50 from
(NSM.N) $10.50; rating
neutral
---------------------------------------------------------------
------------ Perkinelmer Inc Deutsche Bank Cuts
price target to $11.50 from $12
(PKI.N)
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------------ Progressive (PGR.N) Sandler O'Neill Cuts
price target to $12 from $13.50;

rating hold
---------------------------------------------------------------
------------ Staples Inc (SPLS.O) JP Morgan Cuts
price target to $18 from $20

Deutsche Bank Cuts price target to
$19 from $26;

rating buy
---------------------------------------------------------------
------------ Thermo Fisher (TMO.N) Deutsche Bank Cuts
price target to $41 from $44
---------------------------------------------------------------
------------ Waters Corp (WAT.N) Deutsche Bank Cuts
price target to $37.50 from

$39.50
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------------ ((Compiled by Sandhya Menon and Antonita Madonna
Devotta; Bangalore Equities Newsdesk +91 80 4135 5800; within
U.S. +1 646 223 8780))