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 17.65

+0.69 +4.07%
Volume: 7,458,917
Track AKS

BDX 71.64

+1.10 +1.56%
Volume: 1,688,796
Track BDX

CSX 48.46

+0.77 +1.61%
Volume: 5,801,221
Track CSX

ERIC 10.66

+0.42 +4.10%
Volume: 5,619,616
Track ERIC

HGSI 28.30

+0.71 +2.57%
Volume: 7,420,126
Track HGSI

PBR 50.89

+1.88 +3.84%
Volume: 12,358,540
Track PBR

SKS 6.40

+0.27 +4.40%
Volume: 6,314,867
Track SKS

SNIC 7.88

+0.29 +3.82%
Volume: 754,152
Track SNIC

STM 8.53

+0.22 +2.65%
Volume: 1,235,194
Track STM

TWTC 13.83

-0.11 -0.79%
Volume: 973,464
Track TWTC

VICL 3.32

+0.26 +8.50%
Volume: 702,103
Track VICL


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