*Altai capital management says "best course of action" is for Emulex Corp. *Altai capital management sends letter to Emulex Corp asks for board. *Altai capital holds 6.04% holding in Emulex Corp as of may 7.
*Credit Suisse cuts target price to $5.50 from $6; rating underperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Needham cuts target price to $7 from $8.50; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Piper Jaffray cuts price target to $6 from $8; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*BMO cuts price target to $6 from $7; rating market perform. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
*RBC cuts price target to $7 from $8; rating sector perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*JP Morgan raises price target to Sek 195 from Sek 175. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.