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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Stocks Mentioned

A 29.44

+0.52 +1.80%
Volume: 2,268,539
Track A

AA 12.80

+0.28 +2.24%
Volume: 26,400,407
Track AA

AFL 46.40

+0.37 +0.80%
Volume: 4,841,709
Track AFL

BHI 41.06

+0.32 +0.79%
Volume: 5,245,907
Track BHI

BIG 23.46

+0.40 +1.73%
Volume: 2,024,776
Track BIG

CHK 24.10

+0.18 +0.75%
Volume: 12,082,492
Track CHK

CHU 13.61

+0.16 +1.19%
Volume: 1,223,639
Track CHU

FRPT 5.19

+0.03 +0.58%
Volume: 820,792
Track FRPT

KBH 13.69

+0.14 +1.03%
Volume: 4,030,067
Track KBH

LVS 16.12

+0.80 +5.22%
Volume: 26,823,177
Track LVS

MGM 11.15

+0.58 +5.49%
Volume: 23,903,207
Track MGM

NVDA 13.32

+0.26 +1.99%
Volume: 11,548,211
Track NVDA

OMX 11.44

+0.86 +8.13%
Volume: 2,903,074
Track OMX

PMCS 8.44

+0.51 +6.43%
Volume: 10,326,312
Track PMCS

RRC 47.78

+0.65 +1.38%
Volume: 1,698,105
Track RRC

RVSN 6.30

+0.12 +1.94%
Volume: 31,982
Track RVSN

SBLK 3.25

+0.02 +0.62%
Volume: 392,222
Track SBLK

SKS 6.10

-0.01 -0.16%
Volume: 3,256,269
Track SKS

WYNN 66.37

+1.83 +2.84%
Volume: 2,581,691
Track WYNN


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