Market Perform -- Price 140.91 on Sept. 22 by JMP Securities Channel checks suggest a small audience for MacBook Pro. Checks with semi suppliers in Asia reveal that Apple has been canceling memory orders and pushing down on costs. [Given] recent Dell announcement highlight[ing] faltering "global end-user demand" in the personal computer space ... it [seems] unlikely Apple will be able to reaccelerate growth during 2H'08 ... . [We] find the stock reasonably priced (not undervalued) at this time. Market cap: $115.3 billion.

Underperform -- Price 25.53 on Sept. 23 by Raymond James Channel checks indicate that LED demand trends are mixed within an oversupplied market. We look for LED industry fundamentals to weaken. Market cap: $2.2 billion.

Market Perform -- Price 16.57 on Sept. 22 by First Global Lowered from Outperform. Weakening [global] corporate spending is a serious concern, as 80% of Dell's revenues come from enterprise and government spending ... . A more pronounced shift toward retail sales in the consumer segment is pulling down Dell's gross margin, as it strives to gain market share from its archrival HPQ .... As part of ... restructuring ... Dell plans to sell its manufacturing facilities across the globe. Market cap: $32.45 billion.

Market Perform -- Price 108 on Sept. 22 by Keefe Bruyette Woods Target: 106. We are lowering our target [from 112] to 106 ...14.8 times our calendar "09 EPS estimate of $7.15. While we believe BEN's long-term fundamental value is higher, we expect near-term flow trends to remain negative and outflows from international products could remain a drag ... lowering from Outperform. Market cap: $25.5 billion.

Outperform/Speculative Risk -- Price 13.64 on Sept. 24 by RBC Capital Markets Senate passage of a $17 billion bill ... including an eight-year expansion of the solar-investment tax credit, drives our belief solar stocks have bottomed ... . With shares currently around 9 times our [fiscal-year] "09E of $1.56, we believe multiple expansion is likely, given JASO's superior cost structure and ability to leverage scale/maintain price versus competitors. Market cap: $2.2 billion.

Hold -- Price 17.95 on Sept. 23 by Battle Creek Research RHT trades at 36 times our fully-taxed calendar 2008 EPS estimate of 50 cents and 28 times our "09E of 65 cents. We believe RHT will ... gain traction in enterprise-data centers. However, we do not see a catalyst to increase share value at this time. Market cap: $3.4 billion.

Sell -- Price 31.49 on Sept. 23 by FTN Midwest Our 27 target represents 12 times our "09E EPS. We are lowering our "08E and "09E EPS by 6 cents and 15 cents, respectively, to $2.25 and $2.33. Our lower estimates include higher provisioning, limited balance-sheet growth, lower trust revenues ... . We are modeling core 3Q'08E EPS of 54 cents compared with 58 cents in 2Q'08 and 60 cents in 3Q'07 ... . While UBSI has a strong long-term track record, short-term flexibility will be limited and credit costs will likely rise. With recent upward price movement ... presumably from the short-selling ban, long-only investors have ... an opportunity to take profits. Market cap: $1.6 billion.

Sell -- Price 39.80 on Sept. 23 by Sandler O'Neill Rating lowered from Hold. With the stock trading at almost 17 times our "09E EPS and over 3.75 times [tangible book value], we [see] ... ongoing headwinds [and] believe that the stock is now basically priced for perfection. Our 34 target assumes the stock will trade at roughly 14.5 times our "09E EPS of $2.35. Risks to target include an increase in bank equities' [values], better-than-expected asset quality performance, acceleration in economic growth, and acquisitions that investors perceive to be meaningfully accretive. Market cap: $116 billion.