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.
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------------ 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
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------------ ((Compiled by Ramya Dilip and Amiteshwar Singh;
Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1
646 223 8780))