Notable Analyst Rating Changes 10/01: AA, CHU, BIG, BHI, OMX, FRPT Upgraded; SKS, RVSN, KBH, NVDA, PMCS, A Downgraded

October 1, 2009 11:14 AM EDT

UPGRADES:
Detusche Bank upgrades Alcoa (NYSE: AA) from Hold to Buy. Click here for the full report.

Credit Suisse upgrades China Unicom (NYSE: CHU) to Outperform.

JP Morgan upgrades Big Lots (NYSE: BIG) from Neutral to Overweight. Price target $30.

Sanford Bernstein raised its investment rating on Baker Hughes (NYSE: BHI) from Market Perform to Outperform.

FTN Capital upgrades OfficeMax (NYSE: OMX) from Neutral to Buy. Price target $18.

Collins Stewart upgrades Force Protection (Nasdaq: FRPT) to Buy. Price target $7. Click here to see some more color on the upgrade.

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

DOWNGRADES:
JPMorgan downgrades Saks (NYSE: SKS) from Overweight to Neutral, maintaining its $7 price target.

RadVision (Nasdaq: RVSN) downgraded at Morgan Keegan, RBC, Cantor Fitzgerald and Oscar Gruss.

Credit Suisse downgrades KB Home (NYSE: KBH) from Outperform to Neutral.

JPMorgan downgrades NVIDIA Corp. (Nasdaq: NVDA) from Neutral to Underweight. The firm maintained an $11.50 price target.

Goldman Sachs downgrades PMC-Sierra, Inc. (Nasdaq: PMCS) from Buy to Neutral.

Thomas Weisel downgrades Agilent Technologies (NYSE: A) from Overweight to Marketweight.

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

NEW COVERAGE:
Opperheimer starts Chesapeake (NYSE: CHK) at Outperform and Range Resources (NYSE: RRC) at Market Perform.

Soleil Securities initiated coverage on the major casino operators last night: Las Vegas Sands (NYSE: LVS) with a Buy rating and $20 price target, MGM MIRAGE (NYSE: MGM) with a Hold rating and $13 price target and Wynn Resorts (Nasdaq: WYNN) with a Hold rating and $80 price target.

Sandler O'Neill initiates coverage on AFLAC (NYSE: AFL) with a Hold rating. Price target $46.

Rodman & Renshaw initiating coverage on Star Bulk Carriers Corp. (NASDAQ: SBLK) with a Market Outperform. Price target $5.50.

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


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Stocks Mentioned

A 28.91

-0.22 -0.76%
Volume: 1,977,978
Track A

AA 13.13

-0.09 -0.68%
Volume: 22,320,891
Track AA

AFL 44.10

+0.26 +0.59%
Volume: 4,753,731
Track AFL

BHI 40.49

-0.69 -1.68%
Volume: 4,614,570
Track BHI

BIG 24.15

-0.57 -2.31%
Volume: 1,645,427
Track BIG

CHK 23.03

-0.35 -1.50%
Volume: 13,039,319
Track CHK

CHU 13.57

+0.12 +0.89%
Volume: 872,970
Track CHU

FRPT 5.22

+0.03 +0.58%
Volume: 598,899
Track FRPT

KBH 14.12

-0.50 -3.42%
Volume: 4,368,972
Track KBH

LVS 16.35

-0.60 -3.54%
Volume: 28,381,936
Track LVS

MGM 10.71

-0.52 -4.63%
Volume: 23,880,011
Track MGM

NVDA 12.90

-0.08 -0.62%
Volume: 10,671,206
Track NVDA

OMX 11.31

+0.06 +0.53%
Volume: 1,153,901
Track OMX

PMCS 8.26

-0.09 -1.08%
Volume: 2,947,521
Track PMCS

RRC 46.49

-0.15 -0.32%
Volume: 4,482,764
Track RRC

RVSN 6.34

-0.15 -2.31%
Volume: 44,431
Track RVSN

SBLK 3.46

-0.04 -1.14%
Volume: 428,479
Track SBLK

SKS 6.71

+0.01 +0.15%
Volume: 5,713,785
Track SKS

WYNN 63.88

-0.26 -0.41%
Volume: 2,077,938
Track WYNN


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