Analysts' Upgrades, Downgrades: Amazon
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.