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 2.19

+0.00 +0.00%
Volume: 21,418,624
Track ALU

ASCA 20.34

+0.07 +0.35%
Volume: 144,394
Track ASCA

BJ 51.24

+0.00 +0.00%
Volume: 644
Track BJ

BOBE 36.58

+0.19 +0.52%
Volume: 106,291
Track BOBE

CPB 31.63

-0.04 -0.13%
Volume: 914,431
Track CPB

EQIX 129.45

+0.97 +0.75%
Volume: 871,703
Track EQIX

KMX 29.59

-0.32 -1.07%
Volume: 1,121,990
Track KMX

PGR 21.72

+0.28 +1.31%
Volume: 3,162,962
Track PGR

VMC 47.25

+0.31 +0.66%
Volume: 1,014,833
Track VMC

VRSN 36.93

+0.32 +0.87%
Volume: 1,013,469
Track VRSN


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