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 3.43

-0.01 -0.29%
Volume: 5,995,941
Track ALU

ASCA 17.38

-0.04 -0.23%
Volume: 91,937
Track ASCA

BJ 34.31

-0.10 -0.29%
Volume: 1,387,266
Track BJ

BOBE 25.38

+0.24 +0.95%
Volume: 209,973
Track BOBE

CPB 35.40

-0.16 -0.45%
Volume: 2,106,002
Track CPB

EQIX 98.63

-1.10 -1.10%
Volume: 555,738
Track EQIX

KMX 20.17

+0.01 +0.05%
Volume: 1,181,536
Track KMX

PGR 16.80

+0.02 +0.12%
Volume: 1,895,655
Track PGR

VMC 49.43

+0.85 +1.75%
Volume: 1,123,431
Track VMC

VRSN 22.15

-0.43 -1.90%
Volume: 5,795,064
Track VRSN


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