Notable Analyst Rating Changes 6/22: ASCA, VMC, BOBE, VRSN Upgraded; KMX, ALU, PGR Downgraded
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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
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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