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 3.83

+0.04 +1.06%
Volume: 14,083,898
Track ALU

ASCA 15.83

-0.22 -1.37%
Volume: 290,054
Track ASCA

BJ 35.69

-0.04 -0.11%
Volume: 920,363
Track BJ

BOBE 27.17

-0.21 -0.77%
Volume: 137,490
Track BOBE

CPB 32.19

+0.05 +0.16%
Volume: 1,366,228
Track CPB

EQIX 94.29

+2.27 +2.47%
Volume: 962,716
Track EQIX

KMX 20.94

+0.05 +0.24%
Volume: 1,481,773
Track KMX

PGR 16.13

-0.10 -0.62%
Volume: 5,393,398
Track PGR

VMC 47.96

+0.96 +2.04%
Volume: 1,690,865
Track VMC

VRSN 23.24

-0.76 -3.17%
Volume: 10,483,655
Track VRSN


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