Notable Analyst Rating Changes 06/22: (ONXX) (WPI) (PBY) Upgraded; (R) (ITT) (CIM) Downgraded

UPGRADES
Morgan Stanley raises Onyx Pharmaceuticals (Nasdaq: ONXX) from Underweight to Equalweight.

Bernstein lifts Watson Pharmaceuticals (NYSE: WPI) from Market Perform to Outperform with a price target of $82.00 (from $80.00).

Argus boosts Pep Boys - Manny, Moe & Jack (NYSE: PBY) from Sell to Buy.

BofA/Merrill Lynch upgrades Jack In The Box (Nasdaq: JACK) from Underperform to Buy, lifting its price target from $21 to $32.

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

DOWNGRADES
Ryder Systems (NYSE: R) cut by three today:

• Stephens from Overweight to Equal Weight;
  
  
• Wells Fargo from Outperform to Market Perform, its price target rage moves from $41 - $45 from $62 - $65; and
  
  
• Raymond James from Strong Buy to Outperform.

Barclays downgrades Chimera Investment Corp (NYSE: CIM) from Equalweight to Underweight with a price target of $2.25 (from $2.50).

FBR Capital lowers ITT Corp. (NYSE: ITT) from Market Perform to Underperform with a price target of $15.50.

FBR Capital also reduced Key Energy Services (NYSE: KEG) from Outperform to Market Perform.

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

NEW COVERAGE
Benchmark starts Crocs (Nasdaq: CROX) with a Buy and $23 price target.

Canaccord Genuity assumes Skyworks Solutions (Nasdaq: SWKS) with a Buy and $33 target. Click Here for more color.

Mizuho Securities initiates AmerisourceBergen (NYSE: ABC) with a Buy and price target of $42.

Macquarie begins Weatherford International (NYSE: WFT) with an Outperform and price target of $18.

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

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