Analysts' Upgrades, Downgrades: Mohawk

CHANGE IN RATINGS

Amazon.com (AMZN Quote) downgraded at Barclays Capital from Overweight to Equal-weight. $70 price target. Stock has outperformed the market by 60 percentage points since December.

Biovail (BVF Quote) downgraded at Goldman Sachs to Sell from Neutral based on relative valuation and limited growth outlook. Note support to dividend but potential for lowered payout if company makes acquisitions to bolster pipeline. Price target at $10.

Cypress (CY Quote) downgraded at UBS from Buy to Neutral. $7 price target. Valuation call, as the stock is up 55% year-to-date. Even so, industry checks show positive adoption of its PSoC and smartphone connectivity controller.

Mohawk Industries (MHK Quote) downgraded at Credit Suisse to Underperform. $20 price target. Stock is up 86% since March 9, but downside potential to consensus earnings estimates could weigh on the shares.

Morgan Stanley (MS Quote) downgraded at Credit Suisse from Outperform to Neutral. New analyst has a $28 price target, and sees several headwinds to book value growth.

Perrigo (PRGO Quote) downgraded at Goldman Sachs to Neutral from Buy based on valuation following recent strong performance. View core consumer business as well-positioned in current environment, but see less upside potential. Price target at $24.

STOCK COMMENTS / EPS CHANGES

Adobe (ADBE Quote) estimates, target increased at UBS to $25. Estimates also raised, based on signs of stability in the product channel. Buy rating.

Ball (BLL Quote) numbers lowered at Merrill/BofA. Shares now seen reaching $47. Estimates also cut, to reflect lower volumes in North America. Buy rating.

Citigroup (C Quote) estimates lowered at Credit Suisse through 2010. Company likely to see lower investment banking and corporate revenue. Neutral rating and $3 price target.