US RESEARCH SUMMARY-S&P 500 May 5 1445 GMT

Following is a summary of research actions on S&P 500
companies reported by Reuters on Wednesday. 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
Aimco (AIV.N: ) KBW Raises price target
to $26.50 from $19;
rating market perform
—————————————————————
————– Alcoa Inc (AA.N: ) UBS Cuts
price target to $14.25 from $16
—————————————————————
————– Avon Products (AVP.N: ) BMO Cuts
price target to $29 from $32;

rating market perform
—————————————————————
————– Baker Hughes (BHI.N: ) Citigroup Raises
to hold from sell
—————————————————————
————– Broadcom (BRCM.O: ) Susquehanna Starts
with positive rating
—————————————————————
————– CBS Corp (CBS.N: ) Caris Raises
price target to $14 from $12;

rating average
—————————————————————
————– Cognizant (CTSH.O: ) HFP Capital Cuts
to neutral rating

Citigroup Raises price target
to $62 from $56;
rating buy
—————————————————————
————– Electronic Arts(ERTS.O: )Piper Jaffray Raises
to neutral from underweight
—————————————————————
————– Freeport-McMoRan(FCX.N: )UBS Cuts
price target to $90 from $100
—————————————————————
————– Goldman Sachs (GS.N: ) KBW
Removes buy recommendation
—————————————————————
————– Intel Corp (INTC.O: ) Susquehanna Starts
with positive rating
—————————————————————
————– Linear Technology Susquehanna Starts
with positive rating
(LLTC.O: )
—————————————————————
————– MasterCard (MA.N: ) BofA Merrill
Raises price target to $195 from

$172; rating underperform

Jefferies Ups price target to
$292 from $250; rating
buy
—————————————————————
————– Merck (MRK.N: ) Goldman Sachs
Removes from americas conviction buy

list; cuts to neutral;

Cuts price target to $42 from $46
—————————————————————
————– News Corp (NWSA.O: ) JP Morgan Cuts
to neutral from overweight
—————————————————————
———— NYSE Euronext (NYX.N: ) UBS Raises
price target to $41 from $33;

rating buy
—————————————————————
———— Pioneer Natural(PXD.N: ) UBS Raises
price target to $66 from $54;

rating neutral

BMO Raises price target
to $72 from $60;
rating outperform

Howard Weil Ups price target to
$75 from $68
—————————————————————
———— Rowan Companies(RDC.N: ) Jefferies Raises
price target to $31 from $28;

rating hold
—————————————————————
———— Simon Property (SPG.N: ) RBC Raises
price target to $100 from

$85; rating top pick
—————————————————————
———— Sprint Nextel (S.N: ) Deutsche Bank Raises
to buy from hold; price
target to $6 from $4.75
—————————————————————
———— TECO Energy (TE.N: ) Barclays Ups
price target to $17 from $15
—————————————————————
———— Texas Instruments Susquehanna Starts
with positive rating
(TXN.N: )
—————————————————————
———— UNUM Group (UNM.N: ) Barclays Raises
price target to $21 from $19;

rating underweight
—————————————————————
———— SECTOR CHANGE
U.S. major pharma Goldman Sachs Cuts to neutral from
attractive
sector
—————————————————————
————- ((Compiled by Abhinav Sharma; Bangalore Equities
Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780))

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US RESEARCH SUMMARY-S&P 500 May 5 1445 GMT