Yanlord

[Dow Jones] JPMorgan cuts Yanlord TP to $2.10 from $2.60 on weaker earnings expectations but maintains Overweight rating. Has reduced contract sales, core earnings estimates for FY2010-FY2012 by 16-34% in anticipation of potential weak sales in coming months. Sees headwind from downward revision in street estimates. Target price reduction based on 30% discount to RNAV.