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Notable Analyst Rating Changes 10/21: AMZN, NFLX, PTEN, BJ Upgraded; STX, LNN, CRI, TEX Downgraded

October 21, 2010 11:21 AM EDT
AMZN Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

Revenue Growth %: +33.9%
UPGRADES
BofA/Merrill Lynch upgrades Amazon.com (Nasdaq: AMZN) from Neutral to Buy and raised their price target from $176 to $190.

Netflix (Nasdaq: NFLX) lifted by several firms today:
  • Janney Capital Sell to Neutral with a $145 fair value on the shares. Click Here for more color;

  • Oppenheimer from Perform to Outperform; and

  • Merriman Curhan Ford from Neutral to Buy.
RBC Capital upgrades Patterson-UTI Energy (Nasdaq: PTEN) from Sector Perform to Outperform, with a price target increased from $23 to $27.

Janney Montgomery Scott upgrades BJ's Wholesale Club (NYSE: BJ) from Neutral to Buy. Fair value increased from $43 to $48. Click Here for more color.

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

DOWNGRADES
Seagate Technology PLC (NYSE: STX) downgraded by two today:
  • Baird from Outperform to Neutral; and

  • UBS from Buy to Neutral.
Lindsay Corp. (NYSE: LNN) also lowered by two:
  • William Blair from Outperform to Market Perform; and

  • Hudson Securities from Neutral to Sell, with a price target increased from $38 to $48. Click Here for more color.
Sterne Agee downgrades Carter's (NYSE: CRI) from Buy to Neutral, with a $29 price target.

Standpoint Research downgrade Terex (NYSE: TEX) from Buy to Sell. Click Here for more color.

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

NEW COVERAGE
CIBC initiates coverage on Thomson Reuters (NYSE: TRI) with a Sector Perform rating and price target of $41.

J.P. Morgan initiates coverage on Comverge, Inc. (Nasdaq: COMV) with an Overweight rating, with a price target of $12.50.

Susquehanna initiates coverage on National Semiconductor (NYSE: NSM) with a Neutral rating, and $14 price target.

Canaccord Genuity initiates coverage on Cimarex (NYSE: XEC) with a Buy rating, and an price target of $83.

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

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UBS, William Blair, JPMorgan, Merrill Lynch, CIBC, Robert W Baird, Bank of America, RBC Capital, Merriman Curhan Ford, Janney Montgomery Scott, Sterne Agee, Genuity Capital Markets, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Standpoint Research

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