Analysts' Upgrades, Downgrades: CarMax

CHANGE IN RATINGS

Accenture (ACN) upgraded at Susquehanna. Rating raised to Positive from Neutral. Introduces $37 price target. 2009 EPS estimates raised to $2.66 from $2.59.

Altera (ALTR) upgraded to outperform from sector perform and price target increased to $20 from $16. Cyclically, high-volume consumer-driven verticals including notebooks, handset, and LCD TVs witnessed a recovery in March, but most of the end markets served by PLD excluding wireless infrastructure are bottoming in 2CQ. Increased conviction on wireless infrastructure spending (although lumpy) and see market share gain from ASIC adding several points of additional revenue growth over next few years. Despite seasonally weak 3CQ and strong headwinds from a drop in China wireless spending, RBC expects ALTR and XLNX to guide 3CQ in-line/better.

Ameristar Casinos (ASCA) upgraded at JPMorgan. Rating raised to Overweight from Neutral. Price target raised to $24 from $20. 2009 EPS estimates lowered to $1.58 from $1.63.

El Paso Pipeline Partners (EPB) upgraded at Goldman to Buy from Neutral. Cites cash flow growth visibility and a 17% distribution growth rate as fundamental economic and energy outlooks improve. Maintained price target of $22.

Equinix (EQIX) initiated at Thomas Weisel. Introduces Market Weight rating and $78 price target. Introduces 2009 EPS estimates of $1.38.

CarMax (KMX) downgraded at Deutsche Bank. Rating lowered to Hold from Buy. Price target raised to $17 from $15. Fiscal 2010 EPS estimates raised to $0.57 from $0.38.

Martin Marietta Materials (MLM) upgraded at UBS. Rating raised to Buy from Neutral. Price target raised to $92 from $82. 2009 EPS estimates lowered to $3.05 from $3.65.