Amazon: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Amazon(AMZN Quote) upgraded at Janney from Neutral to Buy. Company is gaining market share and has increased leverage over fixed costs.

Amazon (AMZN Quote) upgraded at FBR to Outperform. $130 price target. Top-line growth and margin expansion is accelerating is almost every segment.

Amazon (AMZN Quote) upgraded at Barclays to Overweight from Equal Weight. Price target boosted to $103 from $83. 2009 and 2010 EPS estimates lifted to $1.86 from $1.75 and to $2.89 from $2.22, respectively.

Amazon (AMZN Quote) estimates, target raised at Bernstein. Estimates were increased through 2010. Company posted a robust quarter as media sales recovered faster than expected. Market Perform rating and new $125 price target.

Barnes and Noble (BKS Quote) downgraded at Goldman from Neutral to Sell. $18 price target. Company will be hurt by a paradigm shift that favors e-books.

PNC Financial (PNC Quote) numbers increased at FBR through 2010. Company is growing through the old National City assets. Market Perform rating and new $50 price target.

PNC Financial (PNC Quote) upgraded at Wells to Outperform. Estimates also raised, to reflect relatively high credit quality.

STOCK COMMENTS / EPS CHANGES

American Express (AXP Quote) estimates raised through 2010 at Friedman, Billings Ramsey. Credit and spending trends are stabilizing. Market Perform rating and $37 price target.

Bristol-Myers (BMY Quote) estimates raised at Goldman through 2011. Productivity initiatives are paying off. Neutral rating and $24 price target.

Broadcom (BRCM Quote) estimates, target boosted at Goldman through 2011. Company is gaining market share in handsets. Neutral rating and new $32 price target.