Analysts' Upgrades, Downgrades: Amazon

See who made what calls.
By TheStreet Ratings Staff ,

Change in Ratings

Akamai

(AKAM) - Get Report

downgraded at Citigroup from buy to hold with a $42 price target. Valuation call, as the stock already trades at 17 times expected 2009 EBITDA.

Amazon

(AMZN) - Get Report

added to the conviction buy list at Goldman based on its online-offline expansion strategy and share gains in a growing market. Raised target price to $98 from $75.

National City

(NCC)

upgraded at Citigroup from hold to buy with a $7 price target. Recent capital raise gives the company the cushion to deal with its credit issues.

Optium

(OPTM)

downgraded at Jefferies to hold rating from buy. Price target cut to $9.50 from $12 while fiscal year 2008 EPS estimates upped to 26 cents from 24 cents.

Texas Instruments

(TXN) - Get Report

upgraded at Citigroup from hold to buy. Stock also added to the Top Picks Live list. Rising handset sales should drive higher earnings. $39 price target.

Stock Comments/EPS Changes

Advanced Auto Parts

(AAP) - Get Report

target raised at Goldman to $45 from $40 following strong first-quarter results. However, maintained neutral rating due to fragile economic headwinds.

Airgas

(ARG)

numbers raised at Jefferies. Price target jumps to $70 from $66 and fiscal year 2009 EPS estimates upped to $3.30 from $3.10. Reiterates buy rating.

Chesapeake Energy

(CHK) - Get Report

price target raised at Jefferies to $75 from $57 while fiscal year 2009 EPS estimates hold at $3.40. Reiterates buy rating.

Petrohawk Energy

(HK)

numbers raised at Jefferies. Price target jumps to $38 from $27 and fiscal year 2008 EPS estimates upped to 88 cents from 78 cents. Reiterates buy rating.

This article was written by a staff member of TheStreet.com Ratings.

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