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 20.14

+0.00 +0.00%
Volume: 10,283,401
Track AKS

BDX 77.31

+0.00 +0.00%
Volume: 1,969,235
Track BDX

CSX 48.25

+0.00 +0.00%
Volume: 2,461,167
Track CSX

ERIC 9.65

+0.00 +0.00%
Volume: 4,305,779
Track ERIC

HGSI 28.01

+0.00 +0.00%
Volume: 22,407,357
Track HGSI

PBR 52.12

+0.00 +0.00%
Volume: 12,751,128
Track PBR

SKS 5.90

+0.00 +0.00%
Volume: 6,936,469
Track SKS

SNIC 9.34

+0.00 +0.00%
Volume: 378,903
Track SNIC

STM 8.49

+0.00 +0.00%
Volume: 2,049,697
Track STM

TWTC 14.99

+0.00 +0.00%
Volume: 417,703
Track TWTC

VICL 2.86

+0.00 +0.00%
Volume: 374,999
Track VICL


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