NEW YORK ( TheStreet) -- TheStreet Ratings released rating changes on ten U.S. common stocks for June 18, 2010. Seven stocks have been downgraded and three stocks have been upgraded by our stock model.
The largest company among the three upgrades is Hillenbrand ( HI) with a market capitalization of $1.38 billion. This manufacturer of funeral caskets increased its bottom line by earnings per share to $1.66 versus $1.10 in the prior year and is expected to improve to $1.76 this coming fiscal year. Another upgrade, Ecology and Environment ( EEI) also moved from 'Hold' to 'Buy'. E & E has $50 million worth of indefinite-delivery/indefinite-quantity contracts with the U.S. Navy for environmental impact assessments and other hazardous waste site evaluations that may expand due to the Gulf of Mexico oil disaster. For additional Investment Research check out our Ratings Research Center. -- Reported by Kevin Baker in Jupiter, Fla.
Investors in Hillenbrand Inc saw new options begin trading this week, for the February 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the HI options chain for the new February 20th contracts and identified the following put contract of particular interest.