Amazon (AMZN) Gets Four Upgrades

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This AM, Amazon (AMZN) was upgraded by four firms.

Credit Suisse took that shares from "neutral" to "outperform".

JP Morgan took them from "underperform" to "neutral".

RBC took them from "sector perform" to "outperform".

And, Lehman pushed the stock from "underweight" to "equal weight".

A prime example of research trying to catch the horse once it has left the barn.

Amazon’s shares rose as much as 20% after hours yesterday on strong earnings and guidance. Where were the upgrades before the report.

Douglas A. McIntyre