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

+0.02 +0.59%
Volume: 7,235,457
Track ALU

ASCA 17.98

+0.68 +3.93%
Volume: 199,343
Track ASCA

BJ 32.95

-0.26 -0.78%
Volume: 1,473,428
Track BJ

BOBE 26.78

+1.78 +7.12%
Volume: 549,847
Track BOBE

CPB 35.47

+0.12 +0.34%
Volume: 2,388,962
Track CPB

EQIX 100.85

+0.20 +0.20%
Volume: 733,827
Track EQIX

KMX 19.97

+0.34 +1.73%
Volume: 1,493,781
Track KMX

PGR 16.89

+0.34 +2.05%
Volume: 4,806,221
Track PGR

VMC 49.03

+0.53 +1.09%
Volume: 1,036,080
Track VMC

VRSN 22.37

+0.12 +0.54%
Volume: 4,699,134
Track VRSN


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