• Cablevision (NYSE:CVC) said it agreed to buy privately-owned Bresnan Communications for $1.36 billion
• RailAmerica (NYSE:RA) reported its June car loads improved 9.1% YoY from May levels
• FBR upgraded T Rowe Price (NASDAQ:TROW) from “market perform” to “outperform,” raising the price target from $58 to $65
• Citigroup (NYSE:C) upgraded PulteGroup (NYSE:PHM) shares to “buy” from “hold,” with a price target of $14
• KeyBanc upgraded Polaris (NYSE:PII) to “buy” from “hold,” with a $73 price target
• Citigroup (NYSE:C) downgraded Akamai (NASDAQ:AKAM) to “hold” from “buy,” with a price target of $14
• Deutsche Bank (NYSE:DB) initiated coverage of the airlines with a favorable review, advising purchase of six major airlines, including Alaska Air (NYSE:ALK), American Airlines (NYSE:AMR), Continental (NYSE:CAL), Delta (NYSE:DAL), US Airwarys (NYSE:LCC), and United (NASDAQ:UAUA)
