STOCKS NEWS US-Amazon.com lifted to 'buy' after shr decline

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0850 EST 8Feb2010
Collins Stewart lifts Amazon.com to 'buy'

Collins Stewart upgraded Amazon.com Inc to 'buy' on Monday, citing a recent decline in the company's share price, which it said created an attractive entry point.

In addition to the decline, the firm wrote, 'we believe that, though higher competitive risk remains a concern for the Kindle franchise, the Kindle ecosystem is much bigger than what we and Street previously thought.

'In our view, the strength of core biz combined with multi-billion dollar opportunities with Kindle & AWS create more significant growth opportunities for Amazon than the Street is currently estimating,' it wrote.

Shares of Amazon rose 1.3 percent to $118.96 in premarket trading.

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0841 EST 8Feb2010
JPMorgan upgrades Walt Disney to 'neutral'

JPMorgan upgraded Walt Disney Co's rating to 'neutral' from 'underweight' on Monday, saying improving macro trends should provide downside support at the current level.

Despite that, the firm wrote 'earnings recovery at Disney will lag the peer group due to challenging trends at the film studio and parks.'

JPMorgan raised its price target on the stock by $2 to $30, citing 'signs of recovery in key advertising categories, including auto.'

Shares of Disney, a Dow component, closed Friday at $29.54.

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0827 EST 8Feb2010
Credit Suisse upgrades Weyerhaeuser to 'neutral'

Credit Suisse on Monday upgraded Weyerhaeuser Co to 'neutral' from 'underperform,' citing the company's recent fourth-quarter results.

The firm also raised its full-year profit view on the wood company, a move it said reflected 'our view that the company's wood products operations will perform better than we had expected earlier.'

Previously, we expected this segment to lose $140 million in 2010 and now see only a $115 million loss,' it wrote.

Shares of the company closed Friday at $39.45.

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0823 EST 8Feb2010
Toyota readies global Prius recall: source

Toyota Motor Corp is preparing a recall of its new Prius hybrid car in Japan as early as Tuesday, followed by similar steps in the United States, Europe and other markets, a source familiar with its plans said.


Toyota, which has earned a reputation as the green-vehicle front-runner with the fuel-sipping Prius, has said it is discussing with safety authorities worldwide how to fix a software glitch that delays braking on the model in certain road conditions.

For details, see

U.S.-listed shares of Toyota fell 1.4 percent to $73.70 in premarket trading.

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0820 EST 8Feb2010
Goldman adds St. Jude to 'Conviction Sell' list

Goldman Sachs added St. Jude Medical Inc to its conviction sell list, and cut price targets on Boston Scientific Corp and Medtronic Inc , as it expects the implantable cardioverter defibrillator market to slow in 2010.

The primary reasons are slowing unit growth due to high penetration levels, vendor consolidation, and increased price competition among manufacturers, the brokerage said.

For details, see

Shares of St. Jude closed Friday at $37.63.

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