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 137.58

-3.59 -2.54%
Volume: 14,829,653
Track AMZN

BBBY 39.15

+0.41 +1.06%
Volume: 3,218,253
Track BBBY

BBY 43.79

+0.25 +0.57%
Volume: 5,046,902
Track BBY

BKS 21.61

+0.02 +0.09%
Volume: 2,530,126
Track BKS

CPST 1.32

+0.01 +0.76%
Volume: 2,425,806
Track CPST

MNTA 10.89

+0.58 +5.63%
Volume: 452,290
Track MNTA

NCIT 25.65

+0.03 +0.12%
Volume: 49,851
Track NCIT

PCU 33.61

-1.55 -4.41%
Volume: 6,197,392
Track PCU

T 27.60

+0.08 +0.29%
Volume: 31,948,142
Track T

VZ 32.70

+0.01 +0.03%
Volume: 16,005,651
Track VZ


Related Entities


Add Your Comment