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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Special Reports

Stocks Mentioned

A 28.85

-0.69 -2.34%
Volume: 922,429
Track A

AA 12.66

-0.34 -2.62%
Volume: 15,567,595
Track AA

AFL 43.65

-1.78 -3.92%
Volume: 2,216,587
Track AFL

BHI 40.36

-1.23 -2.96%
Volume: 2,253,199
Track BHI

BIG 24.01

-0.19 -0.79%
Volume: 928,449
Track BIG

CHK 24.17

-0.69 -2.78%
Volume: 10,631,097
Track CHK

CHU 13.35

-0.48 -3.47%
Volume: 2,816,795
Track CHU

FRPT 5.09

-0.13 -2.49%
Volume: 320,949
Track FRPT

KBH 13.62

-0.25 -1.80%
Volume: 1,406,424
Track KBH

LVS 15.79

-0.70 -4.24%
Volume: 18,187,933
Track LVS

MGM 10.56

-0.45 -4.09%
Volume: 16,842,251
Track MGM

NVDA 12.79

-0.28 -2.14%
Volume: 6,998,289
Track NVDA

OMX 11.00

-0.38 -3.34%
Volume: 591,937
Track OMX

PMCS 8.00

-0.10 -1.23%
Volume: 1,153,246
Track PMCS

RRC 47.93

-0.95 -1.94%
Volume: 1,590,081
Track RRC

RVSN 6.15

-0.20 -3.15%
Volume: 56,840
Track RVSN

SBLK 3.27

-0.05 -1.51%
Volume: 296,623
Track SBLK

SKS 6.53

-0.21 -3.12%
Volume: 2,190,797
Track SKS

WYNN 62.98

-2.39 -3.66%
Volume: 1,687,509
Track WYNN


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