PLUM CREEK (PCL $30.50, rated Overweight) PRICE TARGET CUT TO $41 FROM $56, WE MODEL 25% DIVIDEND CUT AND CLIMATE CHANGE LAW 7/29/2009

PLUM CREEK (PCL $30.50, rated Overweight) PRICE TARGET CUT TO $41 FROM
$56, WE MODEL 25% DIVIDEND CUT AND CLIMATE CHANGE LAW 7/29/2009