Amazon: Analysts' Upgrades, Downgrades

Stock quotes in this article: AMZN , BLK , BNI , ABC , BIIB , WLT , BRCD  

NEW YORK (TheStreet.com) -- CHANGE IN RATINGS

Alberto-Culver (ACV Quote) downgraded at Goldman from Buy to Neutral. $32 price target. Promotional activity has picked up across the industry.

Amazon (AMZN Quote) rated new Sell at Brigantine. $83 price target. Valuation call, as competition is increasing.

Amazon (AMZN Quote) estimates, target upped at Bernstein. Shares now seen reaching $95. Estimates also increased, as media sales should begin to recover later this year and show positive growth in 2010. Market Perform rating.

Blackrock (BLK Quote) upgraded at Deutsche Bank. Rating raised to Buy from Hold. Price target raised to $230 from $180. 2009 EPS estimates raised to $6.65 from $6.20.

Burlington Northern (BNI Quote) upgraded at Citigroup from Sell to Hold. Volume should be soft through the end of the year, but pick up again in 2010.

Carnival (CCL Quote) downgraded at Credit Suisse to Neutral from Outperform on more balanced risk/reward. 2009 and 2010 EPS estimates set at $2.20 and $2.30, respectively. Price target lifted to $37 from $34.

Commercial Metals (CMC Quote) downgraded at UBS. Rating lowered to Neutral from Buy. Price target raised to $22 from $20. Lowers 2009 EPS estimates to $0.14 from $0.15.

CenturyTel (CTL Quote) upgraded at Morgan Stanley from Equal-weight to Overweight. Valuation call, as the company should realize significant merger synergies. Also look for buybacks and recent debt financings. $36 price target.

Factset Research (FDS Quote) upgraded at Piper Jaffray. Rating raised to Neutral from Underweight. Price target raised to $65 from $46. Fiscal 2010 EPS estimates raised to $3.05 from $2.99.

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