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 3.45

+0.02 +0.58%
Volume: 2,486,917
Track ALU

ASCA 17.57

+0.19 +1.09%
Volume: 39,050
Track ASCA

BJ 33.33

-0.98 -2.86%
Volume: 1,031,132
Track BJ

BOBE 25.50

+0.12 +0.47%
Volume: 52,643
Track BOBE

CPB 35.56

+0.16 +0.45%
Volume: 640,860
Track CPB

EQIX 102.05

+3.42 +3.47%
Volume: 348,102
Track EQIX

KMX 19.92

-0.25 -1.24%
Volume: 628,431
Track KMX

PGR 16.80

+0.00 +0.00%
Volume: 825,802
Track PGR

VMC 49.52

+0.09 +0.18%
Volume: 165,297
Track VMC

VRSN 22.32

+0.17 +0.77%
Volume: 1,934,977
Track VRSN


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