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 3.44

+0.10 +2.99%
Volume: 12,060,809
Track ALU

ASCA 17.42

+0.04 +0.23%
Volume: 163,506
Track ASCA

BJ 34.41

-0.30 -0.86%
Volume: 1,669,463
Track BJ

BOBE 25.14

-0.12 -0.48%
Volume: 197,688
Track BOBE

CPB 35.56

+0.59 +1.69%
Volume: 2,029,856
Track CPB

EQIX 99.73

+3.54 +3.68%
Volume: 926,482
Track EQIX

KMX 20.16

+0.28 +1.41%
Volume: 1,308,796
Track KMX

PGR 16.78

+0.01 +0.06%
Volume: 3,249,627
Track PGR

VMC 48.58

+0.10 +0.21%
Volume: 788,322
Track VMC

VRSN 22.58

+0.14 +0.62%
Volume: 3,308,210
Track VRSN


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