Shares of Amazon.com (Nasdaq: AMZN) are up more than 4% today on the back of a Bernstein upgrade this morning. The stock is now trading around $125.93.
The analyst raised his investment rating on the online-retailer from Market Perform to Outperform, also raising his price target from $125 to $160, now the new "Street high" target.
The firm believes that "the company's unique and differentiated attributes have shown their value once again by enabling Amazon to reaccelerate revenues much sooner than expected coming out of the economic downturn." Despite a recent run-up in Amazon.com's stock price (up 35% since reporting strong Q3 results), the Bernstein analyst feels that the market is still not giving Amazon.com a proper valuation given:
- sales growth estimates that are too low,
- potential operating margins which are currently being underestimated, and
- an under-appreciation of the company's strong cash flow levels.
Stay tuned to our Analyst Ratings page to get all the upgrades/downgrades on shares of Amazon.com in real-time.
Boenning & Scattergood upgrades Moog Inc (NYSE: MOG-A) from Neutral to Outperform.
To see more analyst ratings on MOG-A Click Here.
Moog, Inc. designs, manufactures, and integrates precision control components and systems.
Caris & Co upgrades Eclipsys (Nasdaq: ECLP) from Average to Above Average. Price target increased from $18 to $23.
To see more analyst ratings on ECLP Click Here.
Eclipsys Corporation operates as a healthcare information technology company in North America, the southeast Asia, and the Middle East.
Maxim Group upgrades DivX Inc. (Nasdaq: DIVX) from Hold to Buy.
To see more analyst ratings on DIVX Click Here.
DivX, Inc., a digital media company, engages in the creation, distribution, and licensing of digital video technologies to enhance consumers' media experience.
HSBC upgrades Aqua America (NYSE: WTR) from Neutral to Overweight. Price target $19.
To see more analyst ratings on WTR Click Here.
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