3. People's Food Target Cut To S$0.52 From S$0.60 By UOB KayHian
2. Singapore Exchange Target Cut To S$9 From S$10 By Citigroup
1. WALL STREET: Stocks closed lower with telecommunications companies leading decline on competitive worries. Verizon Communications down 1.7%, AT&T down 1.1% after rival Sprint Nextel officially unveiled first U.S. phone able to tap super-high speeds. Chevron down 1.1%, Exxon Mobil fell 0.7% as crude-oil futures dropped on broad move away from commodities toward safety of dollar on worries over European sovereign debt. Dow -0.48%, Nasdaq -0.68%
