SBUX was downgraded at Bear Stearns this morning from Outperform to Peer Perform, while AMZN was upgraded at Citigroup from Hold to Buy. Below we highlight the historical recommendations of SBUX from Bear and of AMZN from Citigroup. As shown, the Bear analyst has had an Outperform rating on SBUX since May 2005, while the Citigroup analyst has never had a Buy rating on AMZN, even as the stock has gone from $30 to nearly $100. From the perspective of the charts, today's recommendations don't look like the best timed calls.
LOL - probably means getting close to time to buy SBUX and sell AMZN.
Posted by: Greg Feirman | January 02, 2008 at 01:04 PM