Amazon (AMZN) Gets Four UpgradesThis 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. McIntyreAMZN was also upgraded to peer perform from underperform at Bear Stearns
Look at the penguins go.
Better late than never. They're running about six months behind.