US RESEARCH SUMMARY-S&P 500 Sept 9 1942 GMT

Following is a summary of research actions on S&P 500
companies reported by Reuters on Tuesday. Stock entries are in
alphabetical order.
For a summary of research on non-S&P 500 and Canadian
companies, double click on [RCH/US2]
See bottom of table for Sector changes.
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------------ STOCK RESEARCH BY ACTION
Air Products and UBS Adds to strategic
selections list,
Chemicals (APD.N) reports
theflyonthewall.com
---------------------------------------------------------------
------------ American Tower Piper Jaffray Starts
with buy rating, reports
(AMT.N) theflyonthewall.com
---------------------------------------------------------------
------------ Amgen Inc (AMGN.O) UBS Cuts
price target to $66 from

$68; rating neutral
---------------------------------------------------------------
------------ Avery Dennison (AVY.N) S&P Equity Cuts to
hold from buy
---------------------------------------------------------------
------------ Best Buy Piper Jaffray Cuts to
neutral from buy, reports
(BBY.N) theflyonthewall.com
---------------------------------------------------------------
------------ Cameron InternationaL S&P Equity Cuts to
hold from buy; price target
(CAM.N) by $12 to $45
---------------------------------------------------------------
------------ Consolidated Edison Jefferies Raises
price target to $40.50 from
(ED.N) $39; rating hold
---------------------------------------------------------------
------------ Corning Thomas Weisel Raises
to overweight from market
(GLW.N) weight, reports
theflyonthewall.com
---------------------------------------------------------------
------------ Dell Inc (DELL.O) Collins Stewart Starts
with hold, reports

theflyonthewall.com
---------------------------------------------------------------
------------ D.R. Horton Credit Suisse Cuts to
neutral from outperform,
(DHI.N) [ID:nBNG165227]
---------------------------------------------------------------
------------ Entergy Goldman Sachs Raises
to buy from neutral, reports
(ETR.N) theflyonthewall.com
---------------------------------------------------------------
------------ Fannie Mae (FNM.N) Argus Cuts to
sell from hold, reports

theflyonthewall.com
---------------------------------------------------------------
------------ Freddie Mac (FRE.N) Argus Cuts to
sell from hold, reports

theflyonthewall.com
---------------------------------------------------------------
------------ Goodyear Tire (GT.N) KeyBanc Cuts to
hold from buy, reports

theflyonthewall.com
---------------------------------------------------------------
------------ Goldman Sachs (GS.N) Ladenburg Cuts FY
2008 earnings per share view
[ID:nWNA3036] Thalmann to $12.60 from
$14.16; rating sell,
[ID:nBNG280802] price target of $154
---------------------------------------------------------------
------------ Google (GOOG.O) S&P Equity Raises
to buy from hold on valuation
---------------------------------------------------------------
------------ Hewlett-Packard Bernstein Raises
to outperform from market
(HPQ.N) perform, reports
theflyonthewall.com
---------------------------------------------------------------
------------ KB Home Credit Suisse Cuts to
neutral from outperform,
(KBH.N) [ID:nBNG165227]
---------------------------------------------------------------
------------ JC Penney (JCP.N) S&P Equity Cuts to
hold from buy on valuation
---------------------------------------------------------------
------------ Kimberly-Clark (KMB.N) Citigroup Raises
to buy from hold
---------------------------------------------------------------
------------ Lehman Brothers Ladenburg Widens
Q3 loss per share view to
LEH.N Thalmann $3.17 from prior loss
per share
[ID:nWNA3036] [ID:nBNG280802] view of $2.32; widens
FY 2008 loss

per share view to
$7.39 from prior

loss per share view
of $6.33;

rating buy, price
target of $20
Lehman Brothers Citigroup Says could announce
quarterly
LEH.N results as early as
today, says

could also provide
more clarity on

earnings per share
and any strategic

alternatives, reports

theflyonthewall.com
---------------------------------------------------------------
------------ McDonald's (MCD.N) RBC Raises
price target to $66 from

$62; rating sector
perform
---------------------------------------------------------------
------------ MasterCard (MA.N) Fox-Pitt Raises
to outperform from in line;

price target cut to
$300 from $375
---------------------------------------------------------------
------------ MEMC Electronic UBS Removes
from strategic selections
(WFR.N) list, reports
theflyonthewall.com
---------------------------------------------------------------
------------ Morgan Stanley (MS.N) Ladenburg Cuts FY
2008 earnings per share view
[ID:nWNA3036] Thalmann to $4.07 from $4.34;
raises price
[ID:nBNG280802] target to $44 from
$41; keeps

neutral rating
---------------------------------------------------------------
------------ Oracle Corp (ORCL.O) Credit Suisse Cuts
price target to $22 from $24
---------------------------------------------------------------
------------ Polo Ralph Lauren S&P Equity Cuts to
hold from buy
(RL.N)
---------------------------------------------------------------
------------ Procter & Gamble Merrill Lynch Cuts to
neutral from buy, reports
(PG.N) theflyonthewall.com
---------------------------------------------------------------
------------ Pulte Homes Credit Suisse Cuts to
neutral from outperform
(PHM.N) [ID:nBNG165227]
---------------------------------------------------------------
------------ SanDisk (SNDK.O) Lazard Cuts to
hold from buy
---------------------------------------------------------------
------------ Texas Instruments Stifel Cuts
price target to $33.00 from
(TXN.N) $36.00; rating buy
---------------------------------------------------------------
------------ Union Pacific UBS Adds to
strategic selections list,
(UNP.N) reports
theflyonthewall.com
---------------------------------------------------------------
------------ UST Inc Morgan Stanley Raises
to equal weight from UST.N
underweight, reports

theflyonthewall.com
---------------------------------------------------------------
------------ Wachovia Merrill Lynch Cuts to
underperform from neutral;
WB.N price target to $16
from $18
[ID:nBNG345217]
---------------------------------------------------------------
------------ Wells Fargo Oppenheimer Cuts Q3
shr view to $0.17 from
(WFC.N) $0.26; FY'08 shr view
to $1.41 from
[ID:nWNA3035] $1.50; underperform
rating S&P Equity Raises price
target by $3 to

Research $36; rating hold
---------------------------------------------------------------
----------- Zions Bancorp (ZION.O) RBC Raises
price target to $35 from

$32; rating
outperform
---------------------------------------------------------------
------------ U.S. homebuilders Credit Suisse Cuts to
market weight from sector
overweight
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------------ ((Compiled by Ramya Dilip; Bangalore Equities
Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780))