Notable Analyst Rating Changes 1/5: AMZN, BBY, BKS Upgraded; T, VZ, PCU, BBBY Downgraded

January 5, 2009 9:51 AM EST

UPGRADES:
JP Morgan upgrades Amazon.com Inc. (Nasdaq: AMZN) from Neutral to Overweight, saying the company will continue to gain market share.

Goldman Sachs upgrades Best Buy Co. Inc. (NYSE: BBY) from Neutral to Buy.

Goldman Sachs upgrades Barnes & Noble (NYSE: BKS) from Sell to Neutral but trims its price target from $24 to $17.

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

DOWNGRADES:
Sanford C. Bernstein downgraded AT&T (NYSE: T) from Outperform to Market Perform and downgraded Verizon (NYSE: VZ) from Market Perform to Underperform.

Citi downgrades Southern Copper Company (NYSE: PCU) from Buy to Hold.

Goldman Sachs downgrades Bed Bath & Beyond (Nasdaq: BBBY) from Buy to Neutral but lifted their price target from $24 to $28.

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

NEW COVERAGE:
Merriman resumes coverage on Capstone Turbine (Nasdaq: CPST) with a Neutral rating.

Leerink Swann initiates coverage on Momenta Pharmaceuticals (Nasdaq: MNTA) with an Outperform rating.

Wachovia initiates coverage on NCI (NASDAQ: NCIT) with a Market Perform rating and a $27 to $29 valuation range.

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


Related Categories

Special Reports

Stocks Mentioned

AMZN 130.15

+0.00 +0.00%
Volume: 18,868
Track AMZN

BBBY 37.73

+0.00 +0.00%
Volume: 200
Track BBBY

BBY 42.24

+0.00 +0.00%
Volume: 1,616
Track BBY

BKS 19.60

+0.00 +0.00%
Volume: 1,200
Track BKS

CPST 1.16

+0.00 +0.00%
Volume: 10,000
Track CPST

MNTA 10.46

+0.00 +0.00%
Volume: 500
Track MNTA

NCIT 28.86

+0.00 +0.00%
Volume: 45,927
Track NCIT

PCU 34.74

+0.00 +0.00%
Volume: 1,500
Track PCU

T 26.36

+0.00 +0.00%
Volume: 1,600
Track T

VZ 30.31

+0.00 +0.00%
Volume: 820
Track VZ


Related Entities


Add Your Comment