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 3.71

-0.25 -6.31%
Volume: 7,886,824
Track ALU

ASCA 17.17

-0.24 -1.38%
Volume: 142,846
Track ASCA

BJ 35.92

-0.83 -2.26%
Volume: 965,277
Track BJ

BOBE 27.79

+0.11 +0.40%
Volume: 76,826
Track BOBE

CPB 32.81

+0.16 +0.49%
Volume: 718,119
Track CPB

EQIX 95.68

-0.07 -0.07%
Volume: 195,369
Track EQIX

KMX 21.09

-0.16 -0.75%
Volume: 782,397
Track KMX

PGR 16.73

+0.08 +0.48%
Volume: 1,427,580
Track PGR

VMC 47.52

-1.21 -2.48%
Volume: 379,342
Track VMC

VRSN 22.99

-0.03 -0.13%
Volume: 2,160,650
Track VRSN


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