Notable Analyst Rating Changes 6/12: SKS, CSX, SNIC, PBR Upgraded; AKS, ERIC, TWTC, HGSI Downgraded

June 12, 2009 9:45 AM EDT

UPGRADES:
Deutsche Bank upgrades Saks (NYSE: SKS) from Hold to Buy and a Street High $7 price target. Click here for more color on the upgrade.

Morgan Stanley upgrades CSX (NYSE: CSX) from Equal Weight to Overweight with a $52 price target, citing valuation.

William Blair upgrades Sonic Solutions (Nasdaq: SNIC) from Market Perform to Outperform.

Morgan Stanley upgrades Petroleo Brasileiro (NYSE: PBR) from Equalweight to Overweight. Price target $56.

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

DOWNGRADES:
Goldman Sachs downgraded AK Steel Holding Corp. (NYSE: AKS) from Buy to Neutral, with a $20 price target.

Barclays downgrades Ericsson (Nasdaq: ERIC) from Equalweight to Underweight.

Kaufman Bros. downgrades tw telecom (Nasdaq: TWTC) from Buy to Hold.

Lazard Capital Markets downgrades Human Genome Sciences (Nasdaq: HGSI) from Hold to Sell.

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

NEW COVERAGE:
Thomas Weisel initiates coverage on Vical (Nasdaq: VICL) with an Overweight rating. Price target $5.

Barclays initiates coverage on STMicroelectronics (NYSE: STM) with an Equalweight.

ThinkEquity initiates coverage on Becton, Dickinson (NYSE: BDX) with a Buy. Price target $83.

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


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Stocks Mentioned

AKS 19.38

-0.76 -3.77%
Volume: 14,337,012
Track AKS

BDX 78.05

+0.74 +0.96%
Volume: 2,034,738
Track BDX

CSX 50.13

+1.88 +3.90%
Volume: 5,637,037
Track CSX

ERIC 9.62

-0.03 -0.31%
Volume: 8,692,228
Track ERIC

HGSI 28.16

+0.15 +0.54%
Volume: 4,586,420
Track HGSI

PBR 50.80

-1.32 -2.53%
Volume: 13,925,940
Track PBR

SKS 5.96

+0.06 +1.02%
Volume: 9,724,849
Track SKS

SNIC 9.68

+0.34 +3.64%
Volume: 288,942
Track SNIC

STM 8.53

+0.04 +0.47%
Volume: 1,777,786
Track STM

TWTC 15.59

+0.60 +4.00%
Volume: 748,108
Track TWTC

VICL 2.88

+0.02 +0.70%
Volume: 394,123
Track VICL


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