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 21.36

+0.69 +3.34%
Volume: 8,612,603
Track AKS

BDX 76.50

+0.50 +0.66%
Volume: 1,419,264
Track BDX

CSX 48.85

+0.03 +0.06%
Volume: 1,777,943
Track CSX

ERIC 9.89

+0.04 +0.41%
Volume: 3,659,752
Track ERIC

HGSI 27.46

+0.43 +1.59%
Volume: 3,565,288
Track HGSI

PBR 52.80

-0.06 -0.11%
Volume: 12,770,467
Track PBR

SKS 6.21

+0.11 +1.80%
Volume: 4,672,120
Track SKS

SNIC 9.31

-0.22 -2.31%
Volume: 376,706
Track SNIC

STM 8.38

+0.01 +0.12%
Volume: 2,788,089
Track STM

TWTC 14.93

+0.23 +1.56%
Volume: 795,660
Track TWTC

VICL 2.93

+0.01 +0.34%
Volume: 269,760
Track VICL


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