Notable Analyst Rating Changes 6/19: AIG, KMX, TOT Upgraded; KFT, AGU, UBS, CVH Downgraded

June 19, 2008 9:54 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citigroup upgrades AIG (NYSE: AIG) from Hold to Buy and raises their price target to $42, citing upside potential.

Wachovia upgrades CarMax (NYSE: KMX) from Underperform to Market Perform with a $14 to $16 valuation range. However, the firm lowers their fiscal 2009 and 2010 EPS estimates from $0.77 to $0.55 and from $1.00 to $0.73.

Goldman Sachs upgrades Total SA (NYSE: TOT) from Neutral to Buy, and adds the stock to their Conviction Buy List.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
UBS downgrades Kraft Foods (NYSE: KFT) from Buy to Neutral.

Credit Suisse downgrades Agrium (NYSE: AGU) from Outperform to Neutral but raises its price target from $66 to $128.

Credit Suisse downgrades UBS (NYSE: UBS) from Outperform to Neutral, citing lower earnings at the wealth-management unit.

Wachovia and BMO Capital downgrade Coventry Health Care (NYSE: CVH) to Market Perform.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Piper Jaffray resumes coverage of ON Semiconductor (NASDAQ: ONNN) with a Buy rating and a $12 price target.

UBS initiates coverage on Seattle Genetics (Nasdaq: SGEN) with a Neutral.

Jesup & Lamont initiates coverage on Rowan Companies (NYSE: RDC) with a Buy rating and a $70 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

AGU 52.47

+0.47 +0.90%
Volume: 1,737,222
Track AGU

AIG 36.75

-0.84 -2.23%
Volume: 28,783,712
Track AIG

CVH 23.00

+0.36 +1.59%
Volume: 1,509,050
Track CVH

KFT 26.82

+0.02 +0.07%
Volume: 7,371,880
Track KFT

KMX 21.10

-0.08 -0.38%
Volume: 1,523,365
Track KMX

ONNN 7.65

+0.14 +1.86%
Volume: 7,571,769
Track ONNN

RDC 26.73

+0.32 +1.21%
Volume: 3,087,559
Track RDC

SGEN 9.84

+0.50 +5.35%
Volume: 613,936
Track SGEN

TOT 62.94

+0.26 +0.41%
Volume: 2,399,549
Track TOT

UBS 17.26

+0.03 +0.17%
Volume: 1,463,089
Track UBS


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