Notable Analyst Rating Changes 3/9: KO, AMZN, BBY, GENZ Upgraded; PBR, BBD, AFL Downgraded

March 9, 2009 10:25 AM EDT

UPGRADES:
Credit Suisse upgrades Coca-Cola (NYSE: KO) from Neutral to Outperform, citing valuation and underlying fundamental strength in key markets outside the U.S.

Piper Jaffray is upgrading Amazon.com (Nasdaq: AMZN) today from Neutral to Buy and boosting its price target from $55 to $81, saying "The Party Is Just Getting Started." Here is the full report.

William Blair upgrades Best Buy (NYSE: BBY) from Market Perform to Outperform.

Deutsche Bank upgrades Genzyme (Nasdaq: GENZ) to Buy with a $63 price target, citing valuation after recent share slide. Here is some more color on the upgrade.

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

DOWNGRADES:
J.P. Morgan downgrades Petrobras (NYSE: PBR) to Neutral from Overweight.

Goldman Sachs downgrades Banco Bradesco SA (NYSE: BBD) from Neutral to Sell.

UBS downgrades Aflac (NYSE: AFL) from Neutral to Sell.

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


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Stocks Mentioned

AFL 45.83

+0.39 +0.86%
Volume: 4,477,877
Track AFL

AMZN 137.58

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

BBD 22.06

+0.01 +0.05%
Volume: 10,314,002
Track BBD

BBY 43.79

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

GENZ 49.98

-0.29 -0.58%
Volume: 2,739,052
Track GENZ

KO 57.49

+0.22 +0.38%
Volume: 12,463,525
Track KO

PBR 50.80

-1.32 -2.53%
Volume: 13,925,940
Track PBR


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