Notable Analyst Rating Changes 6/22: ASCA, VMC, BOBE, VRSN Upgraded; KMX, ALU, PGR Downgraded

June 22, 2009 10:02 AM EDT

UPGRADES:
J.P. Morgan upgrades Ameristar Casinos (Nasdaq: ASCA) from Neutral to Overweight, citing strong free cash flow.

UBS upgrades Vulcan Materials (NYSE: VMC) from Neutral to Buy, citing housing and infrastructure recovery.

KeyBanc upgrades Bob Evans Farms (Nasdaq: BOBE) to Buy. Price target $38. Click here for more color on the upgrade.

JP Morgan upgrades VeriSign (Nasdaq: VRSN) from Neutral to Overweight.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Deutsche Bank downgrades CarMax (NYSE: KMX) from Buy to Hold. Price target increased from $15 to $17. Here is the full report.

Bank of America downgrades Alcatel-Lucent (NYSE: ALU) from Neutral to Underperform.

FBR Capital downgrades Progressive (NYSE: PGR) from Outperform to Market Perform.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Cowen & Co initiates coverage on BJ’s Wholesale Club (NYSE: BJ) with an Outperform rating.

Bank of America resumed coverage on Campbell Soup (NYSE: CPB) with a Buy rating and $32 price target.

Morgan Joseph initiates coverage on Equinix (Nasdaq: EQIX) with a Buy. Price target $100. Click here for more color.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ALU 3.64

-0.32 -8.08%
Volume: 30,058,144
Track ALU

ASCA 17.12

-0.29 -1.67%
Volume: 434,301
Track ASCA

BJ 36.18

-0.57 -1.55%
Volume: 2,080,786
Track BJ

BOBE 27.81

+0.13 +0.47%
Volume: 286,635
Track BOBE

CPB 32.72

+0.07 +0.21%
Volume: 1,656,021
Track CPB

EQIX 95.53

-0.22 -0.23%
Volume: 642,238
Track EQIX

KMX 21.18

-0.07 -0.33%
Volume: 2,291,504
Track KMX

PGR 16.77

+0.12 +0.72%
Volume: 4,375,678
Track PGR

VMC 48.23

-0.50 -1.03%
Volume: 1,100,447
Track VMC

VRSN 22.66

-0.36 -1.56%
Volume: 5,354,575
Track VRSN


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